News Analysis India

Tag: money laundering case

  • Delhi HC dismisses Satyendar Jain’s plea challenging transfer of money laundering case 

    By PTI

    NEW DELHI: The Delhi High Court on Saturday dismissed a plea by Delhi minister Satyendar Jain challenging a lower court order to transfer the money laundering case against him to another court.

    Justice Yogesh said all facts were duly considered by the Principal District and Session’s Judge while transferring the case, which is being probed by the Enforcement Directorate (ED), and it cannot be held that the decision suffered from any illegality or needed interference.

    “The question is not of an integrity or uprightness of the judge but is of an apprehension in the mind of a party,” the court stated.

    “The petition is therefore, dismissed,” the court said in its order.

    Jain had moved the high court last month challenging the September 23 order of the Principal District and Sessions Judge Vinay Kumar Gupta, who transferred the money laundering case to Special Judge Vikas Dhull from Special Judge Geetanjali Goel, who was hearing his bail plea.

    The district judge’s order was passed on an application for transfer moved by the investigating agency.

    The agency, in its transfer application before the district judge, had argued that while there was no complaint against the judge hearing the matter, it was “a case of probable bias” in favour of the Delhi minister and there was an apprehension that it might not get an independent and impartial hearing.

    The AAP leader argued before the high court that the ED cannot be allowed to “brow beat” a judge and seek transfer of the case citing “bias” without any basis.

    The ED had arrested Jain and two others in the money laundering case based on a Central Bureau of Investigation FIR lodged against the AAP leader in 2017 under the Prevention of Corruption Act.

    Jain is accused of having laundered money through four companies linked to him.

    NEW DELHI: The Delhi High Court on Saturday dismissed a plea by Delhi minister Satyendar Jain challenging a lower court order to transfer the money laundering case against him to another court.

    Justice Yogesh said all facts were duly considered by the Principal District and Session’s Judge while transferring the case, which is being probed by the Enforcement Directorate (ED), and it cannot be held that the decision suffered from any illegality or needed interference.

    “The question is not of an integrity or uprightness of the judge but is of an apprehension in the mind of a party,” the court stated.

    “The petition is therefore, dismissed,” the court said in its order.

    Jain had moved the high court last month challenging the September 23 order of the Principal District and Sessions Judge Vinay Kumar Gupta, who transferred the money laundering case to Special Judge Vikas Dhull from Special Judge Geetanjali Goel, who was hearing his bail plea.

    The district judge’s order was passed on an application for transfer moved by the investigating agency.

    The agency, in its transfer application before the district judge, had argued that while there was no complaint against the judge hearing the matter, it was “a case of probable bias” in favour of the Delhi minister and there was an apprehension that it might not get an independent and impartial hearing.

    The AAP leader argued before the high court that the ED cannot be allowed to “brow beat” a judge and seek transfer of the case citing “bias” without any basis.

    The ED had arrested Jain and two others in the money laundering case based on a Central Bureau of Investigation FIR lodged against the AAP leader in 2017 under the Prevention of Corruption Act.

    Jain is accused of having laundered money through four companies linked to him.

  • Jacqueline Fernandez gets interim bail in Rs 200 crore extortion case

    By ANI

    NEW DELHI: Bollywood actor Jacqueline Fernandez on Monday arrived at the Patiala House Court which had summoned her in connection with the Enforcement Directorate case related to Rs 200 Crore money laundering case involving conman Sukesh Chandrashekar and others.

    Actor Jacqueline Fernandez’s lawyers have moved a bail plea in the money laundering case.

    Additional Sessions Judge Shailender Malik sought a response from the ED on the bail plea, till then her regular bail is pending before the court. At the request of Jacqueline’s lawyer, the court granted interim bail to Jacqueline on a bail bond of Rs 50,000.

    The next date of hearing is October 22 this year.

    Earlier on Wednesday, the court issued a summons to the actor to appear before it physically on September 26 this year.

    On August 17, this year, a supplementary chargesheet filed by the Enforcement Directorate in the Rs 200 crore extortion case against conman Sukesh Chandrashekar in a Delhi Court mentioned the name of Bollywood actor Jacqueline Fernandez as an accused.

    The Additional Sessions Judge Praveen Singh on Wednesday after taking cognizance of the supplementary chargesheet, directed the newly made accused Jacqueline Fernandez to appear before it on September 26, 2022.

    The court also directed ED to supply a copy of the chargesheet to all the accused in the present case.

    Meanwhile, a lawyer appeared for Delhi Police Economic Offences Wing (EOW) which is also probing the same case informed the court that Jacqueline Fernandez was recently asked to appear for it on August 29, 2022, but she didn’t appear so we have issued a fresh summons to her to join the investigation. To that lawyer appeared for Jacqueline assuring that she will join the investigation and co-operate with the probe agency.

    Jacqueline Fernandez has also been summoned by ED several times in the matter for the purpose of investigation.

    Advocate Prashant Patil appeared for Jacquline and stated that she has always cooperated with the investigation agencies and attended all the summons to date. “She has handed over all the information to the best of her ability to the ED.

    ED’s earlier chargesheet did not mention her name as an accused but mentioned the detail of the statement recorded by Bollywood actors Jacqueline Fernandez and Nora Fatehi in the matter.

    According to ED’s earlier Chargesheet, Bollywood actresses Jacqueline Fernandez and Nora Fatehi examined and stated that the actresses got top models of BMW cars, the most expensive gifts from the accused Sukesh.

    ED chargesheet clearly stated that “during the investigation, statements of Jacqueline Fernandez were recorded on 30.08.2021 and 20.10.2021 Jacqueline Fernandez stated she received gifts viz three designer bags from Gucci, Chanel, and two Gucci outfits for gym wear. A pair of Louis Vuitton shoes, two pairs of diamond earrings and a bracelet of multi-coloured stones, two Hermes bracelets. She also received a Mini Cooper which she returned.”

    “According to ED, Sukesh was confronted with Jacqueline on October 20, 2021. Jacqueline Fernandez stated that Sukash Chandrasekhar had arranged private jet trips and her hotel stay on different occasions for herself.

    Statements of Nora Fatehi were recorded under section 50 of PMLA, 2002 on September 12, 2021, abd October 14, 2021, wherein she stated that she got a booking for a charity event and during the event, she was gifted a Gucci Bag and one iPhone by Leena Paulose. (Wife of Chandrashekhar)

    Nora further stated that Leena Paulose had called her husband and put the phone on the speaker where he thanked her and said that they were her fans. She then announced that they would gift her a brand new BMW car as a token of love and generosity.

    According to ED, during the investigation, searches were conducted at various places linked to Sukesh Chandrashekar and his associates. During the search, 16 high-end vehicles were seized under section 17 PMLA and these cars are either in the name of the firms of Leena Paulose or in the name of third parties. It is further submitted that it has emerged that Sukesh knowingly created the structure for layering and transferring proceeds of crime and thus, actively participated in the process of money laundering.

    NEW DELHI: Bollywood actor Jacqueline Fernandez on Monday arrived at the Patiala House Court which had summoned her in connection with the Enforcement Directorate case related to Rs 200 Crore money laundering case involving conman Sukesh Chandrashekar and others.

    Actor Jacqueline Fernandez’s lawyers have moved a bail plea in the money laundering case.

    Additional Sessions Judge Shailender Malik sought a response from the ED on the bail plea, till then her regular bail is pending before the court. At the request of Jacqueline’s lawyer, the court granted interim bail to Jacqueline on a bail bond of Rs 50,000.

    The next date of hearing is October 22 this year.

    Earlier on Wednesday, the court issued a summons to the actor to appear before it physically on September 26 this year.

    On August 17, this year, a supplementary chargesheet filed by the Enforcement Directorate in the Rs 200 crore extortion case against conman Sukesh Chandrashekar in a Delhi Court mentioned the name of Bollywood actor Jacqueline Fernandez as an accused.

    The Additional Sessions Judge Praveen Singh on Wednesday after taking cognizance of the supplementary chargesheet, directed the newly made accused Jacqueline Fernandez to appear before it on September 26, 2022.

    The court also directed ED to supply a copy of the chargesheet to all the accused in the present case.

    Meanwhile, a lawyer appeared for Delhi Police Economic Offences Wing (EOW) which is also probing the same case informed the court that Jacqueline Fernandez was recently asked to appear for it on August 29, 2022, but she didn’t appear so we have issued a fresh summons to her to join the investigation. To that lawyer appeared for Jacqueline assuring that she will join the investigation and co-operate with the probe agency.

    Jacqueline Fernandez has also been summoned by ED several times in the matter for the purpose of investigation.

    Advocate Prashant Patil appeared for Jacquline and stated that she has always cooperated with the investigation agencies and attended all the summons to date. “She has handed over all the information to the best of her ability to the ED.

    ED’s earlier chargesheet did not mention her name as an accused but mentioned the detail of the statement recorded by Bollywood actors Jacqueline Fernandez and Nora Fatehi in the matter.

    According to ED’s earlier Chargesheet, Bollywood actresses Jacqueline Fernandez and Nora Fatehi examined and stated that the actresses got top models of BMW cars, the most expensive gifts from the accused Sukesh.

    ED chargesheet clearly stated that “during the investigation, statements of Jacqueline Fernandez were recorded on 30.08.2021 and 20.10.2021 Jacqueline Fernandez stated she received gifts viz three designer bags from Gucci, Chanel, and two Gucci outfits for gym wear. A pair of Louis Vuitton shoes, two pairs of diamond earrings and a bracelet of multi-coloured stones, two Hermes bracelets. She also received a Mini Cooper which she returned.”

    “According to ED, Sukesh was confronted with Jacqueline on October 20, 2021. Jacqueline Fernandez stated that Sukash Chandrasekhar had arranged private jet trips and her hotel stay on different occasions for herself.

    Statements of Nora Fatehi were recorded under section 50 of PMLA, 2002 on September 12, 2021, abd October 14, 2021, wherein she stated that she got a booking for a charity event and during the event, she was gifted a Gucci Bag and one iPhone by Leena Paulose. (Wife of Chandrashekhar)

    Nora further stated that Leena Paulose had called her husband and put the phone on the speaker where he thanked her and said that they were her fans. She then announced that they would gift her a brand new BMW car as a token of love and generosity.

    According to ED, during the investigation, searches were conducted at various places linked to Sukesh Chandrashekar and his associates. During the search, 16 high-end vehicles were seized under section 17 PMLA and these cars are either in the name of the firms of Leena Paulose or in the name of third parties. It is further submitted that it has emerged that Sukesh knowingly created the structure for layering and transferring proceeds of crime and thus, actively participated in the process of money laundering.

  • National Herald: ED issues notices to Congress leaders from Andhra, Telangana 

    By PTI

    NEW DELHI: The Enforcement Directorate has issued notices to some Congress leaders from Telangana and Andhra Pradesh in connection with its ongoing money laundering investigation into the operations of the Congress party-owned National Herald newspaper, officials said on Friday.

    While some of the politicians belonging to the party have been summoned for questioning here over the next few weeks, others have been given notices to explain certain payments made to Young Indian, the company that owns the news outlet.

    Officials said four leaders have been issued the notices.

    Earlier this week, Karnataka Congress President D K Shivakumar had told reporters after finishing his questioning session with the ED in Delhi that he was questioned about certain transactions made by him to this company in the past.

    “Surprisingly, they (ED officials) have asked me about the payment from one of my trust, from me and my brother, to Young Indian,” he told reporters on September 19.

    Shivakumar said he had sought more time from the agency to furnish details about his assets and liabilities.

    Congress President Sonia Gandhi and her son and MP Rahul Gandhi, apart from some other Congress leaders, have been questioned by the ED over the last few months in the National Herald money laundering case.

    The National Herald newspaper is published by Associated Journals Ltd and the ED had in August searched the Young Indian office located at ITO in Delhi as part of this probe.

    NEW DELHI: The Enforcement Directorate has issued notices to some Congress leaders from Telangana and Andhra Pradesh in connection with its ongoing money laundering investigation into the operations of the Congress party-owned National Herald newspaper, officials said on Friday.

    While some of the politicians belonging to the party have been summoned for questioning here over the next few weeks, others have been given notices to explain certain payments made to Young Indian, the company that owns the news outlet.

    Officials said four leaders have been issued the notices.

    Earlier this week, Karnataka Congress President D K Shivakumar had told reporters after finishing his questioning session with the ED in Delhi that he was questioned about certain transactions made by him to this company in the past.

    “Surprisingly, they (ED officials) have asked me about the payment from one of my trust, from me and my brother, to Young Indian,” he told reporters on September 19.

    Shivakumar said he had sought more time from the agency to furnish details about his assets and liabilities.

    Congress President Sonia Gandhi and her son and MP Rahul Gandhi, apart from some other Congress leaders, have been questioned by the ED over the last few months in the National Herald money laundering case.

    The National Herald newspaper is published by Associated Journals Ltd and the ED had in August searched the Young Indian office located at ITO in Delhi as part of this probe.

  • Satyendar Jain bail: SC directs sessions court to hear on Sept 22 ED plea seeking transfer of hearing

    By PTI

    NEW DELHI: The Supreme Court on Wednesday directed a sessions court here to take up on September 22 an Enforcement Directorate application seeking transfer of bail hearing of Delhi minister Satyendar Jain in a money laundering case to another judge.

    Observing that any accused is entitled to an expeditious hearing of his bail plea, a three-judge bench headed by Justice D Y Chandrachud asked the principal district and sessions judge of the Rouse Avenue court to take up the petition for hearing.

    “We clarify that any party aggrieved by the decision on transfer petition can seek appropriate remedies available in law. The forum for hearing of bail will depend upon the decision of the District Judge,” said the bench also comprising Justices Hima Kohli and P S Narasimha.

    Principal District and Sessions Judge Vinay Kumar Gupta had on September 19 stayed the proceedings of the bail hearing and issued notice to Jain and other co-accused in the case on an ED application seeking transfer of the case to another judge.

    The ED had arrested Jain and two others in a case based on a Central Bureau of Investigation (CBI) FIR lodged against the Aam Aadmi Party leader in 2017 under the Prevention of Corruption Act.

    Jain is accused of having laundered money through four companies linked to him.

    NEW DELHI: The Supreme Court on Wednesday directed a sessions court here to take up on September 22 an Enforcement Directorate application seeking transfer of bail hearing of Delhi minister Satyendar Jain in a money laundering case to another judge.

    Observing that any accused is entitled to an expeditious hearing of his bail plea, a three-judge bench headed by Justice D Y Chandrachud asked the principal district and sessions judge of the Rouse Avenue court to take up the petition for hearing.

    “We clarify that any party aggrieved by the decision on transfer petition can seek appropriate remedies available in law. The forum for hearing of bail will depend upon the decision of the District Judge,” said the bench also comprising Justices Hima Kohli and P S Narasimha.

    Principal District and Sessions Judge Vinay Kumar Gupta had on September 19 stayed the proceedings of the bail hearing and issued notice to Jain and other co-accused in the case on an ED application seeking transfer of the case to another judge.

    The ED had arrested Jain and two others in a case based on a Central Bureau of Investigation (CBI) FIR lodged against the Aam Aadmi Party leader in 2017 under the Prevention of Corruption Act.

    Jain is accused of having laundered money through four companies linked to him.

  • Jacqueline Fernandez submits list of gift items she received from conman Sukesh

    By ANI

    NEW DELHI: Bollywood actor Jacqueline Fernandez on Monday revealed that she received expensive bags, jewellery and other gift items that she jotted down on a list which she submitted to the Economic Offences Wing (EOW) of the Delhi Police.

    According to the information, actor Jacqueline Fernandez was questioned by the EOW of the Delhi Police for several hours in connection with Rs 200 crore money laundering case involving conman Sukesh Chandrashekhar.

    Interrogation with Fernandez majorly involved questions related to gifts accepted by Jacqueline. Police also questioned the actor regarding the chartered flight ride booked by conman Sukesh for her.

    ALSO READ | Delhi police puts before Jacqueline Fernandez list of 100 questions in Rs 200 crore scam case

    As per the sources, Jacqueline accepted that she has earlier counted on him for chartered flight rides not once but multiple times.

    Further, Jacqueline has been asked to be present whenever the investigation teams need her for questioning, however, there is no immediate summon for her.

    Meanwhile, fashion designer, Lepakshi has been summoned on September 21, 2022.

    Earlier on September 14, Jacqueline Fernandez appeared before the EOW of Delhi Police in connection with the Rs 200 crore money laundering case involving conman Sukesh Chandrashekhar.

    On September 15, Nora Fatehi and Pinky Irani were questioned by the EOW for more than four hours in connection with the Rs 200 crore money laundering case involving jailed conman Sukesh Chandrashekhar.

    Apparently, Pinky Irani introduced Jacqueline Fernandez and Nora Fatehi to conman Sukesh Chandrashekhar. 

    NEW DELHI: Bollywood actor Jacqueline Fernandez on Monday revealed that she received expensive bags, jewellery and other gift items that she jotted down on a list which she submitted to the Economic Offences Wing (EOW) of the Delhi Police.

    According to the information, actor Jacqueline Fernandez was questioned by the EOW of the Delhi Police for several hours in connection with Rs 200 crore money laundering case involving conman Sukesh Chandrashekhar.

    Interrogation with Fernandez majorly involved questions related to gifts accepted by Jacqueline. Police also questioned the actor regarding the chartered flight ride booked by conman Sukesh for her.

    ALSO READ | Delhi police puts before Jacqueline Fernandez list of 100 questions in Rs 200 crore scam case

    As per the sources, Jacqueline accepted that she has earlier counted on him for chartered flight rides not once but multiple times.

    Further, Jacqueline has been asked to be present whenever the investigation teams need her for questioning, however, there is no immediate summon for her.

    Meanwhile, fashion designer, Lepakshi has been summoned on September 21, 2022.

    Earlier on September 14, Jacqueline Fernandez appeared before the EOW of Delhi Police in connection with the Rs 200 crore money laundering case involving conman Sukesh Chandrashekhar.

    On September 15, Nora Fatehi and Pinky Irani were questioned by the EOW for more than four hours in connection with the Rs 200 crore money laundering case involving jailed conman Sukesh Chandrashekhar.

    Apparently, Pinky Irani introduced Jacqueline Fernandez and Nora Fatehi to conman Sukesh Chandrashekhar. 

  • ED arrests former NSE MD and CEO Ravi Narain in money-laundering case

    By Online Desk

    The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officials.

    According to sources, ED is investigating phone tapping and co-location matters. However, there is no clarity in which case ED has arrested Narain.

    The anti-money laundering agency had registered a case against him, along with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey under criminal sections of the Prevention of Money Laundering Act (PMLA) on July 14.

    Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed vice-chairman, in a non-executive category on the company’s board from April 1, 2013, to June 1, 2017.

    Further details are awaited.

    The Enforcement Directorate (ED) on Tuesday arrested former NSE MD and CEO Ravi Narain in a money-laundering case, say officials.

    According to sources, ED is investigating phone tapping and co-location matters. However, there is no clarity in which case ED has arrested Narain.

    The anti-money laundering agency had registered a case against him, along with ex-NSE chief Chitra Ramakrishna and former Mumbai Police Commissioner Sanjay Pandey under criminal sections of the Prevention of Money Laundering Act (PMLA) on July 14.

    Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed vice-chairman, in a non-executive category on the company’s board from April 1, 2013, to June 1, 2017.

    Further details are awaited.

  • Sisodia ready to go behind bars but won’t bow down: AAP after ED registers money laundering case

    By PTI

    NEW DELHI: After the Enforcement Directorate registered a money laundering case over the Delhi excise policy, the AAP on Tuesday said it had to happen as Deputy Chief Minister Manish Sisodia rejected the BJP’s offer to join it to free himself from charges in the matter.

    Sisodia is ready to go behind bars but he would not “bow down” before the BJP, the Aam Aadmi Party (AAP) added.

    Official sources said the Enforcement Directorate (ED) has registered a money laundering case to probe alleged irregularities in the excise policy allegedly involving Sisodia and others.

    The federal agency has filed the case under the criminal sections of the Prevention of Money Laundering Act (PMLA) after taking cognisance of a CBI FIR that has named Sisodia and 14 others.

    Reacting to the news about the registration of the case by the ED, AAP national spokesperson and Rajya Sabha MP Sanjay Singh said in a tweet in Hindi, “This had to happen. They (from BJP) had threatened Manish ji that if he does not join the BJP, the ED case will also be registered and he will be sent to jail,” 

    “Manish ji is ready to go to jail but not ready to bow down,” he added.

    The CBI had conducted raids in the case last week and had covered the Delhi residence of Sisodia and several other locations across seven states and Union Territories.

    Sisodia holds multiple portfolios in the Chief Minister Arvind Kejriwal-led Delhi government including that of excise and education.

    The ED will probe if alleged irregularities were done in the formulation and execution of the Delhi excise policy brought out in November last year.

    Sisodia on Monday claimed that he was “offered the CM’s post” by the BJP and closure of all cases if he quit AAP and joined the saffron party.

    The BJP hit back, accusing him of trying to deflect attention from the corruption charges.

    NEW DELHI: After the Enforcement Directorate registered a money laundering case over the Delhi excise policy, the AAP on Tuesday said it had to happen as Deputy Chief Minister Manish Sisodia rejected the BJP’s offer to join it to free himself from charges in the matter.

    Sisodia is ready to go behind bars but he would not “bow down” before the BJP, the Aam Aadmi Party (AAP) added.

    Official sources said the Enforcement Directorate (ED) has registered a money laundering case to probe alleged irregularities in the excise policy allegedly involving Sisodia and others.

    The federal agency has filed the case under the criminal sections of the Prevention of Money Laundering Act (PMLA) after taking cognisance of a CBI FIR that has named Sisodia and 14 others.

    Reacting to the news about the registration of the case by the ED, AAP national spokesperson and Rajya Sabha MP Sanjay Singh said in a tweet in Hindi, “This had to happen. They (from BJP) had threatened Manish ji that if he does not join the BJP, the ED case will also be registered and he will be sent to jail,” 

    “Manish ji is ready to go to jail but not ready to bow down,” he added.

    The CBI had conducted raids in the case last week and had covered the Delhi residence of Sisodia and several other locations across seven states and Union Territories.

    Sisodia holds multiple portfolios in the Chief Minister Arvind Kejriwal-led Delhi government including that of excise and education.

    The ED will probe if alleged irregularities were done in the formulation and execution of the Delhi excise policy brought out in November last year.

    Sisodia on Monday claimed that he was “offered the CM’s post” by the BJP and closure of all cases if he quit AAP and joined the saffron party.

    The BJP hit back, accusing him of trying to deflect attention from the corruption charges.

  • Yes Bank-DHFL case: ED attaches Rs 415 cr worth assets of builders Avinash Bhosale, Sanjay Chhabria

    By PTI

    NEW DELHI: Assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in the Yes Bank-DHFL bank loan fraud linked money laundering case, the Enforcement Directorate said on Wednesday.

    Both the builders were taken into custody by the federal agency in the case in June and they are in judicial custody at present.

    The Enforcement Directorate (ED) had issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the assets of Bhosale, worth Rs 164 crore, while Chhabria’s assets are worth Rs 251 crore.

    The attached assets of Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth Rs 116.5 crore, 25 per cent equity shares of Chhabria’s company held in a land parcel located in Bengaluru worth Rs 115 crore, a flat located at Santacruz, Mumbai worth Rs 3 crore, profit receivable from a hotel belonging to Chhabria located at the Delhi airport worth Rs 13.67 crore and three high-end luxury cars worth Rs 3.10 crore, the ED said in a statement.

    The properties of Pune-based businesman Avinash Bhosale that have been attached are in the form of a duplex flat in Mumbai worth Rs 102.8 crore, a land parcel located in Pune worth Rs 14.65 crore, another Pune located land parcel worth Rs 29.24 crore, a land parcel in Nagpur worth Rs 15.52 crore and another portion of land located at Nagpur valued at Rs 1.45 crore, it said.

    The ED and the CBI are investigating this case and the two central agencies have booked the two builders, Yes Bank co-founder Rana Kapoor and DHFL promoter-directors Kapil Wadhawan and Dheeraj Wadhawan in their separate complaints.

    While the Wadhawans were arrested in this case by the ED in May, Kapoor was arrested in March. They too are in judicial custody at present like the two builders.

    It was alleged by the Central Bureau of Investigation (CBI) in its complaint that Rana Kapoor entered into a “criminal conspiracy” with Kapil Wadhawan and others for extending financial assistance to DHFL by Yes Bank Ltd in lieu of substantial “undue benefit” to himself and his family members through the companies held by them.

    The ED alleged that Rana Kapoor through Yes Bank Ltd got invested Rs 3,700 crore in the short term non-convertible debentures of DHFL and Rs 283 crore in Masala Bonds of DHFL.

    “Simultaneous to this investment made by Yes Bank in DHFL, Kapil Wadhawan, through DHFL, paid a kickback of Rs 600 crore, in the garb of loan, to one of Rana Kapoor’s beneficially owned company — DOIT Urban Ventures (India) Pvt Ltd.

    “Immediately after the said transfer of funds to the tune of Rs 3,983 crore by Yes Bank to DHFL appraised and sanctioned loans to Radius Group of Sanjay Chhabria and received funds to the tune of Rs 2,317 crore as loan from DHFL in the name of development of his project ‘Avenue 54’ at Santacruz, Mumbai, and then Chhabria diverted the same without using it for the declared purpose,” it said.

    Sanjay Chhabria “connived” with Avinash Bhosale and “diverted” funds to the latter in his various beneficially owned companies, the ED claimed.

    Apart from this, Bhosale “connived” with Kapil Wadhawan and received about Rs 71.82 crore from DHFL in the garb of providing certain services to DHFL and other entities. “However, the said so called services have never been provided and same was utilised by Bhosale for his beneficial use,” it said.

    The total attachment in this case now stands at Rs 1,827 crore, it said.

    NEW DELHI: Assets worth Rs 415 crore of arrested Maharashtra builders Avinash Bhosale and Sanjay Chhabria have been attached in the Yes Bank-DHFL bank loan fraud linked money laundering case, the Enforcement Directorate said on Wednesday.

    Both the builders were taken into custody by the federal agency in the case in June and they are in judicial custody at present.

    The Enforcement Directorate (ED) had issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) on Tuesday to attach the assets of Bhosale, worth Rs 164 crore, while Chhabria’s assets are worth Rs 251 crore.

    The attached assets of Chhabria are in the form of a land parcel located in Santacruz, Mumbai worth Rs 116.5 crore, 25 per cent equity shares of Chhabria’s company held in a land parcel located in Bengaluru worth Rs 115 crore, a flat located at Santacruz, Mumbai worth Rs 3 crore, profit receivable from a hotel belonging to Chhabria located at the Delhi airport worth Rs 13.67 crore and three high-end luxury cars worth Rs 3.10 crore, the ED said in a statement.

    The properties of Pune-based businesman Avinash Bhosale that have been attached are in the form of a duplex flat in Mumbai worth Rs 102.8 crore, a land parcel located in Pune worth Rs 14.65 crore, another Pune located land parcel worth Rs 29.24 crore, a land parcel in Nagpur worth Rs 15.52 crore and another portion of land located at Nagpur valued at Rs 1.45 crore, it said.

    The ED and the CBI are investigating this case and the two central agencies have booked the two builders, Yes Bank co-founder Rana Kapoor and DHFL promoter-directors Kapil Wadhawan and Dheeraj Wadhawan in their separate complaints.

    While the Wadhawans were arrested in this case by the ED in May, Kapoor was arrested in March. They too are in judicial custody at present like the two builders.

    It was alleged by the Central Bureau of Investigation (CBI) in its complaint that Rana Kapoor entered into a “criminal conspiracy” with Kapil Wadhawan and others for extending financial assistance to DHFL by Yes Bank Ltd in lieu of substantial “undue benefit” to himself and his family members through the companies held by them.

    The ED alleged that Rana Kapoor through Yes Bank Ltd got invested Rs 3,700 crore in the short term non-convertible debentures of DHFL and Rs 283 crore in Masala Bonds of DHFL.

    “Simultaneous to this investment made by Yes Bank in DHFL, Kapil Wadhawan, through DHFL, paid a kickback of Rs 600 crore, in the garb of loan, to one of Rana Kapoor’s beneficially owned company — DOIT Urban Ventures (India) Pvt Ltd.

    “Immediately after the said transfer of funds to the tune of Rs 3,983 crore by Yes Bank to DHFL appraised and sanctioned loans to Radius Group of Sanjay Chhabria and received funds to the tune of Rs 2,317 crore as loan from DHFL in the name of development of his project ‘Avenue 54’ at Santacruz, Mumbai, and then Chhabria diverted the same without using it for the declared purpose,” it said.

    Sanjay Chhabria “connived” with Avinash Bhosale and “diverted” funds to the latter in his various beneficially owned companies, the ED claimed.

    Apart from this, Bhosale “connived” with Kapil Wadhawan and received about Rs 71.82 crore from DHFL in the garb of providing certain services to DHFL and other entities. “However, the said so called services have never been provided and same was utilised by Bhosale for his beneficial use,” it said.

    The total attachment in this case now stands at Rs 1,827 crore, it said.

  • FIR against Sanjay Raut on complaint of woman witness in money laundering case 

    By PTI

    MUMBAI: City police on Sunday registered a First Information Report (FIR) against Shiv Sena MP Sanjay Raut on the charge of insulting the modesty of a woman on the complaint lodged by a witness in a money laundering case being probed by the Enforcement Directorate claiming she was threatened.

    The complaint was lodged at Vakola police station by the witness, Swapna Patkar, a police official said on Sunday night.

    Patkar had approached the police recently claiming she was given rape and murder threat in a typed paper, which was inserted in a newspaper delivered to her on July 15, he said.

    Recently, an audio clip in which a male voice can be heard threatening a woman using foul language went viral.

    On Saturday, a non-cognisable (NC) case was registered under section 507 (Criminal intimidation by an anonymous communication) of the Indian Penal Code, which was converted into an FIR on Sunday, the official said.

    ALSO READ | ED detains Sena’s Sanjay Raut in Patra Chawl land scam case after day-long raids

    Police have invoked sections 504 (insult with intent to provoke breach of the peace), 506 (Punishment for criminal intimidation), and 509 (intending to insult the modesty of a woman) of the IPC against Raut.

    Meanwhile, Patkar on Sunday registered her statement with the police, the official said, adding that she was provided security as requested by her.

    Earlier in the day, the ED conducted a search at the residence of Raut in connection with the money laundering case linked to the Patra Chawl land ‘scam’ and he was taken to the ED office in south Mumbai.

    MUMBAI: City police on Sunday registered a First Information Report (FIR) against Shiv Sena MP Sanjay Raut on the charge of insulting the modesty of a woman on the complaint lodged by a witness in a money laundering case being probed by the Enforcement Directorate claiming she was threatened.

    The complaint was lodged at Vakola police station by the witness, Swapna Patkar, a police official said on Sunday night.

    Patkar had approached the police recently claiming she was given rape and murder threat in a typed paper, which was inserted in a newspaper delivered to her on July 15, he said.

    Recently, an audio clip in which a male voice can be heard threatening a woman using foul language went viral.

    On Saturday, a non-cognisable (NC) case was registered under section 507 (Criminal intimidation by an anonymous communication) of the Indian Penal Code, which was converted into an FIR on Sunday, the official said.

    ALSO READ | ED detains Sena’s Sanjay Raut in Patra Chawl land scam case after day-long raids

    Police have invoked sections 504 (insult with intent to provoke breach of the peace), 506 (Punishment for criminal intimidation), and 509 (intending to insult the modesty of a woman) of the IPC against Raut.

    Meanwhile, Patkar on Sunday registered her statement with the police, the official said, adding that she was provided security as requested by her.

    Earlier in the day, the ED conducted a search at the residence of Raut in connection with the money laundering case linked to the Patra Chawl land ‘scam’ and he was taken to the ED office in south Mumbai.

  • ED files charge sheet before court against Satyendar Jain

    By PTI

    NEW DELHI: The Enforcement Directorate on Wednesday filed a charge sheet before a court here against Delhi Minister Satyendar Jain and others in an alleged money laundering case. Special Judge Geetanjali Goel posted the matter for July 29 for cognisance.

    According to court sources, the final report has named Jain, his wife Poonam Jain, Vaibhav Jain, Ankush Jain, Ajit Prasad Jain, and Sunil Jain, besides four private firms, as accused.

    Satyendar Jain is currently in judicial custody. During the hearing, the court also examined the interim bail plea of Satyender Jain on medical grounds. He was taken into custody under criminal sections of the Prevention of Money Laundering Act (PMLA).

    The ED initiated a money laundering investigation based on a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI) on August 24, 2017, under the sections of the Prevention of Corruption Act against Satyendar Jain and others.

    The CBI alleged that Satyendar Jain, while holding the office as a Minister in the Government of Delhi, during the period February 14, 2015, to May 31, 2017, had acquired assets that are disproportionate to his known sources of income.

    NEW DELHI: The Enforcement Directorate on Wednesday filed a charge sheet before a court here against Delhi Minister Satyendar Jain and others in an alleged money laundering case. Special Judge Geetanjali Goel posted the matter for July 29 for cognisance.

    According to court sources, the final report has named Jain, his wife Poonam Jain, Vaibhav Jain, Ankush Jain, Ajit Prasad Jain, and Sunil Jain, besides four private firms, as accused.

    Satyendar Jain is currently in judicial custody. During the hearing, the court also examined the interim bail plea of Satyender Jain on medical grounds. He was taken into custody under criminal sections of the Prevention of Money Laundering Act (PMLA).

    The ED initiated a money laundering investigation based on a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI) on August 24, 2017, under the sections of the Prevention of Corruption Act against Satyendar Jain and others.

    The CBI alleged that Satyendar Jain, while holding the office as a Minister in the Government of Delhi, during the period February 14, 2015, to May 31, 2017, had acquired assets that are disproportionate to his known sources of income.