The post ED Seizes ₹55 Crore Across 13 Reliance Infrastructure Bank Accounts in FEMA Violation Probe appeared first on The Edge Media.
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According to the agency, Reliance Infrastructure Ltd (R-Infra) and its special purpose vehicles (SPVs) allegedly diverted public money allocated for National Highways Authority of India (NHAI) construction projects. The ED claims the funds were moved out of India through unlawful channels.
read also: CBI Books Anil Ambani’s Son, Jai Anmol Ambani, in Rs 228 Crore Cheating Case Involving Union Bank of India
In its statement, the agency said that 13 bank accounts with a total balance of ₹54.82 crore have been seized for FEMA violations. The ED further alleged that the diverted funds were routed to shell companies in Mumbai through fraudulent sub-contracting arrangements.
R-Infra has not yet issued a comment on the development.
The agency also noted that Anil Ambani had been summoned for questioning in connection with the case last month but did not appear before investigators.
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]]>12 big names from the industry including Rana Daggubati, Ravi Teja, Puri Jagannadh, Navdeep and others have been summoned by the agency for questioning. Many of these personalities were previously questioned by a Special Investigation Team (SIT) of Telangana’s Prohibition and Excise department. The drugs racket was busted on July 2, 2017 when customs officials arrested Calvin Mascarenhas, a musician, and two others and seized drugs valued at Rs 30 lakh from their possession.
They had reportedly told the investigators that they are supplying drugs to film celebrities, software engineers, and even students of some corporate schools. Mobile numbers of some Tollywood celebrities were allegedly found in their contact lists.
The Excise Department had constituted SIT for a comprehensive probe. A total of 12 cases were registered, 30 people were arrested, while 62 individuals including 11 people connected with Tollywood were examined by it under Section 67 of the Narcotic Drugs and Psychotropic Substances (NDPS) Act and Section 161 of Criminal Procedure Code.
The SIT had collected blood, hair, nail and other samples from some of those who appeared before it for question and sent them for analysis. Ravi Teja, Charmme Kaur, Mumaith Khan, Jagannadh and young actors Tarun Kumar and Navadeep were among the stars who were questioned by the SIT.
Cinematographer Shyam K. Naidu, actors Subbaraju, Tanish, Nandu and Teja’s driver were also among those questioned. The SIT filed chargesheet in eight out of 12 cases. It, however, gave clean chit to the film personalities who were questioned as part of the investigation.
The accused against whom cases were booked include Rafeal Alex Victor, a South African citizen, Puttakar Ranson Joseph, working in the film industry as a manager. Joseph was the manager of leading actor Kajal Agarwal who sacked him after his arrest. An NGO, however, alleged that no attempt was made to trace the customers of the accused.
The authorities had recovered 3,000 units of Lysergic Acid Diethylamide (LSD), 105 grams of MDMA (commonly known as ecstasy), 45 grams of cocaine and other narcotic and psychotropic substances from the accused.
-With ANI inputs
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]]>She is the second Tollywood personality to appear before ED. Earlier, director Puri Jagannadh was questioned for nearly 10 hours on Tuesday. The ED last week issued notices to 10 persons connected to Tollywood and two others including a private club manager as part of a money laundering probe linked to the drugs racket.
Actors Rakul Preet Singh, Rana Daggubati, Ravi Teja, Charmee Kaur, Navdeep, Mumaith Khan and director Puri Jagnnadh have been asked to appear before ED between August 31 and September 22. Tanish, Nandu, actor Ravi Teja’s driver Srinivas are also among those summoned in connection the drugs racket which was busted with the arrest of drug peddlers in 2017.
The ED also gathered details of the investigations conducted by the Special Investigation Team (SIT) of Telangana’s prohibition and excise department. The drugs racket was busted on July 2, 2017 when customs officials arrested Calvin Mascarenhas, a musician, and two others and seized drugs worth Rs 30 lakh from their possession.
They had reportedly told the investigators that they are supplying drugs to film celebrities, software engineers, and even students of some corporate schools. Mobile numbers of some Tollywood celebrities were allegedly found in their contact lists.
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]]>Besides Jagganadh, actors Rakul Preet Singh, Rana Daggubati, Ravi Teja, Charmee Kaur, Navdeep, Mumaith Khan have been asked to appear before ED between August 31 and September 22
Tanish, Nandu, actor Ravi Teja’s driver Srinivas were also among those summoned.
The questioning is likely to bring to light new facts about the racket which was busted with the arrest of drug peddlers in 2017.
Before beginning the questioning of Tollywood personalities, the ED gathered details of the investigations conducted by the Special Investigation Team (SIT) of Telangana’s prohibition and excise department.
The questioning by the ED has brought the focus back on the case, which was in cold storage and was even considered dead by many due to the clean chit given by SIT to the film personalities.
The racket was busted on July 2, 2017 when customs officials arrested Calvin Mascarenhas, a musician, and two others and seized drugs worth Rs 30 lakh from their possession.
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]]>The ED on Wednesday issued notices to 10 persons connected to Tollywood and two others including a private club manager as part of a money laundering probe linked to the drugs racket.
The ED has asked actors Rakul Preet Singh, Rana Daggubati, Ravi Teja, Charmee Kaur, Navdeep, Mumaith Khan and director Puri Jagnnadh to appear before it between August 31 and September 22.
Tanish, Nandu, actor Ravi Teja’s driver Srinivas are also among those summoned.
The development has created ripples in Tollywood as the two leading actors who were not questioned by the Special Investigation Team (SIT) of Telangana excise and prohibition department two years ago, have also been summoned by the ED.
Tollywood circles are worried over the questioning of the film personalities about their possible involvement in drugs and money laundering. However, an ED official has clarified that for now they will be treated only as witnesses.
Rakul Preet has been asked to appear on September 6 while Rana has been summoned on September 8. Both were not in the list of celebrities questioned by SIT earlier.
The ED has asked Ravi Teja to appear on September 9 and Mumaith Khan has been summoned on September 15.
Last month, a court in Hyderabad had accepted the charge sheets filed by the Special Investigation Team of Telangana’s excise and prohibition department.
The drugs racket was busted on July 2, 2017 when customs officials arrested Calvin Mascarenhas, a musician, and two others and seized drugs worth Rs 30 lakh from their possession.
They had reportedly told the investigators that they are supplying drugs to film celebrities, software engineers, and even students of some corporate schools. Mobile numbers of some Tollywood celebrities were allegedly found in their contact lists.
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]]>The post Mehbooba Mufti says, “My mother has been summoned by the ED over unknown charges.” appeared first on The Edge Media.
]]>On the day PDP chose not to meet the Delimitation Commission, ED sent a summon to my mother to appear in person for unknown charges. In its attempt to intimidate political opponents, the government of India doesn’t even spare senior citizens. Agencies like the National Investigation Agency (NIA) and ED are now its tools to settle scores,” the People’s Democratic Party president wrote on Twitter.
Mufti’s allegations come on a day the delimitation commission, headed by former Supreme Court judge Ranjana Prakash Desai, arrived in Srinagar to hold talks over the next four days with various stakeholders on the ongoing process of carving out new constituencies in the region. Earlier in the day, the PDP wrote to Desai stating they won’t attend the exercise which, the party alleged, was “pre-planned” and aimed at “disempowering” the people of Jammu and Kashmir.
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]]>The post On the night of demonetisation, jewelers companies deposited Rs 111 crore in just four hours in the bank appeared first on The Edge Media.
]]>They quickly showed fake cash receipts and sales receipts to the banks, stating that 6,000 customers made huge purchases of gold and silver and jewelery in their showrooms from 8 pm to midnight on November 8, 2016. This disclosure was made on Tuesday by the Enforcement Directorate (ED), the central agency investigating the cases related to money laundering.In fact, the ED has seized assets worth Rs 130 crore from Jewelers Houses of Hyderabad and their promoters in this case of financial irregularities related to money laundering during demonetisation. According to the ED, the action was taken against Musuddilal Gems & Jewels Private Limited, Vaishnavi Bullion Private Limited and Musuddilal Jewelers Private Limited. The agency has filed two charge sheets in this case in September last year.
According to the ED, of the assets seized, 41 are in real estate and the rest in the form of investments in stocks, gold-silver and jewelery. Their total value is Rs 130.57 crore. The ED claims that the companies of Kusash Chand Gupta, promoters of Musuddilal James and his sons, met their chartered accountant (CA) Sanjay Sharda to create fake receipts to justify fake sources of income and large amounts deposited. Sharda advised them to keep the fake receipt amount below Rs 2 lakh, so that there is no need to keep the KYC or PAN records of the customers. CA was given a hefty amount in exchange for this advice.
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