New Delhi: The Enforcement Directorate on Tuesday mentioned it has arrested a Delhi-based chartered accountant (CA) on cash laundering prices linked to alleged switch of about Rs 40 crore hawala funds from Dubai to India.
Alok Kumar Agarwal, chairman of Alankit Group, was arrested on Monday and the federal company claimed in a press release issued right here that arrested RJD MP A D Singh “obtained an element” of this alleged unlawful cross-border cash switch.
The Rajya Sabha member was arrested final month by the Enforcement Directorate (ED) right here in reference to a cash laundering investigation linked to an alleged fertiliser rip-off and cost of kickbacks to the tune of Rs 685 crore.
The company mentioned that the chartered accountant who’s being probed in the identical fertiliser “rip-off” case was produced earlier than a particular Prevention of Cash Laundering Act (PMLA) courtroom on Tuesday and it despatched him to 10 days of ED custody.
The ED mentioned Agarwal’s Alankit Group is engaged in offering companies like fairness broking and commodity broking, depository participant, GST Suvidha centres, PAN centres and TIN facilitation centres.
“The allegations towards the accused embody routing of proceeds of crime concerned within the impugned investigations by way of his group entities primarily based in India and Dubai,” it mentioned.
“He (Agarwal) facilitated cross border switch of proceeds of crime (roughly Rs 40 crore recognized up to now) to India from Dubai for a financial consideration,” the company alleged.
Probe is underway to determine all the opposite beneficiaries of the unlawful cash change module or hawala being operated by him, it mentioned.
“Investigations carried out up to now have revealed that part of the proceeds of crime has been obtained by Rajya Sabha MP A D Singh by way of this module,” the ED claimed.
The 61-year-old MP was despatched to the Higher Home of Parliament by Lalu Prasad’s get together Rashtriya Janta Dal.
The case pertains to alleged unlawful commissions value over Rs 685 crore allegedly given to the NRI sons of IFFCO Managing Director and CEO U S Awasthi and Indian Potash Ltd (IPL) Managing Director P S Gahlaut in addition to others by abroad suppliers from 2007-14.
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