New Delhi, September 2: The Enforcement Directorate (ED) on Thursday knowledgeable that it has connected fastened deposit receipts price Rs 13.34 crore of Rajya Sabha MP Amarendra Dhari Singh underneath Prevention of Cash Laundering Act, 2002 linked to an alleged fertiliser rip-off.
The ED initiated the money-laundering investigation on the premise of FIR registered on Could 17 by the CBI underneath the provisions of IPC, 1860 and PC Act, 1988, in opposition to U.S Awasthi, MD and others, for felony conspiracy, dishonest and felony misconduct. Additionally Learn | Residence Ministry Extends Visas of International Nationals Stranded in India Until September 30.
“FDR (fastened deposit receipts) valued at Rs 13.34 crore belonging to Amarendra Dhari Singh, Member of Parliament (Rajya Sabha) have been connected underneath the Prevention of Cash Laundering on August 31 in ongoing investigations in opposition to U S Awasthi (IFFCO Managing Director and CEO) and others,” the ED stated in an announcement. “There had been siphoning of funds amounting to Rs 27.79 crore associated to felony actions.” Additionally Learn | Nexarise – The Rising Innovators of the twenty first Century.
“Such proceeds of crime had been laundered by means of projecting the identical as consultancy revenue, first within the fingers of entities underneath the management of Dubai-based chartered accountant Rajiv Saxena and subsequently within the fingers of entities managed by India-based CA Alok Kumar Agarwal and thereafter within the type of money to Amarendra Dhari Singh,” the company stated.
Based mostly on the investigation performed to date, proceeds of crime have been quantified to the tune of Rs 27.79 crore, which had been utilized by Amarendra Dhari Singh on his personal.
The ED additionally filed a cost sheet in opposition to six individuals, together with the Rajya Sabha MP and Agarwal, and an area courtroom took cognisance of this prosecution grievance and issued summons to all of the accused final month.
Earlier, ED had connected movable belongings (FDRs) valued at Rs 14.45 Crore on July 30, thus, bringing the full worth of provisional attachment on this case to Rs 27.79 crore to date. Additional investigation is underway.
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