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NEW DELHI: The Directorate of Enforcement (ED) has arrested Satish Kumar, former commandant, 36-Battalion of Border Safety Pressure (BSF) in a cash laundering case associated to cattle smuggling on the Indo-Bangladesh Worldwide Border. He had obtained Proceeds of Crime (POC) of Rs 12.8 crores from Mohammed Enamul Haque, the alleged kingpin of a cattle smuggling racket operating throughout the border, within the accounts of his spouse and his father in regulation.
This Proceeds of Crime have been additional laundered by buying immovable properties and Mutual Funds. He was produced earlier than a metropolis court docket within the nationwide capital on Saturday and he has been remanded to ED custody for 3 days.
That is the second arrest on this matter. Earlier, Haque was in February and presently, he’s in judicial custody. One prosecution criticism was filed on this case on April 16 earlier than a Delhi court docket.
The court docket took the cognizance of the criticism. Within the criticism, three –Haque, two brothers– Vinay and Vikas Mishra and three corporations associated to those people particularly Hoque Industries Pvt Ltd, Hoque Mercantile Pvt Ltd and Anant Tradecom Pvt Ltd have been arrayed as accused. Vinay is former Trinamool Congress youth wing chief.
ED initiated money-laundering investigation on the idea of an FIR registered in September 2020 by the Central Bureau of Investigation (CBI) towards Satish Kumar, Haque, Mohammed Anarul SK, Mohammed Golam Mustafa and different officers of BSF and Indian Customs.
The whole proceeds of crime associated to the criticism filed is Rs 25 Crore on this case.
“Throughout the course of investigation on this PMLA case, 24 searches have been carried out to this point. Until date properties value greater than 18.5 Crore have been hooked up on this case. Additional, investigation within the case is in progress,” stated the ED.
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