Police have additionally filed 25 chargesheets in at the very least 12 circumstances, the probe company stated. (Representational)
New Delhi:
The Enforcement Directorate on Wednesday stated it has filed a chargesheet in opposition to Indian Overseas Service officer Neeharika Singh, her husband, and his firms as a part of an alleged funding fraud linked cash laundering case.
A particular courtroom in Lucknow has taken cognisance of the prosecution criticism (chargesheet) on November 25. It was filed on September 2, the company stated in an announcement.
The IFS officer, her husband Ajit Kumar Gupta, Anee Bullion and Industries Pvt. Ltd., Anee Commodity Brokers Pvt. Ltd., and Anee Securities Pvt. Ltd. have been named as accused within the chargesheet filed underneath numerous sections of the Prevention of Cash Laundering Act (PMLA).
Singh was questioned by the ED on this case and he or she was final said to have been posted with the Ministry of Exterior Affairs (MEA) in Delhi.
The cash laundering investigation started in 2019 after the ED took cognisance of 33 FIRs registered by the Uttar Pradesh Police in opposition to Gupta and numerous different individuals/entities, for “dishonest and fraud” value Rs 110 crore by “luring” numerous folks to spend money on “fraudulent” schemes with the intention to defraud them between 21.02.2020 to 26.10.2020, in accordance with the ED.
Police have additionally filed 25 chargesheets in at the very least 12 circumstances, it stated.
Gupta, the company alleged, in connivance along with his different associates collected large cash from gullible traders by floating “fraudulent” schemes like each day deposit schemes, month-to-month recurring deposit schemes, and stuck schemes via his proprietorship concern Anee Bullion Dealer with a promise of “exorbitant” price of returns at 40 per cent every year, which they “failed” to return.
Later, he began amassing cash from traders through the use of the account of Eye Imaginative and prescient Credit score Co-operative Society Ltd. via his shut associates who have been the workplace bearers of the stated society within the title of recent return-linked funding schemes, the probe discovered.
These investments have been “by no means returned” and harmless folks have been cheated to the tune of Rs 60 crore, the ED alleged.
“The proceeds of crime generated by Ajit Gupta by luring the gullible traders was additional layered via numerous firms of Anee Group and was used for buy of assorted immovable properties like home, agriculture land and so forth. for himself and within the title of his IFS spouse Neeharika Singh and others,” it stated.
Belongings value greater than Rs 9 crore have been connected by the ED on this case earlier.
(Apart from the headline, this story has not been edited by EDNBOX employees and is printed from a syndicated feed.)