July 9, 2020


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Cash laundering case: ED questions Ahmed Patel for second time | India Information – Instances of India

NEW DELHI: The Enforcement Directorate (ED) investigators on Tuesday started the second spherical of questioning of senior Congress chief Ahmed Patel at his home right here in reference to the Sandesara brothers financial institution fraud and money laundering case probe, officers mentioned.
A 3-member group of the central company together with few different officers reached Patel’s 23, Mom Teresa Crescent house within the Lutyens’ zone of central Delhi round 10:30am.
The group members have been seen carrying information and sporting masks and gloves as a precautionary measure in view of the coronavirus pandemic.
Company sleuths had questioned Patel, 70, for the primary time for about eight hours at his residence on June 27 on this case.
He was allowed questioning at house by the company after the Congress Rajya Sabha MP from Gujarat refused to go to the ED workplace citing prevailing COVID-19 tips that discourage senior residents from going out.
Officers mentioned Patel’s assertion is being recorded beneath the Prevention of Cash Laundering Act (PMLA) throughout the newest session.
Patel, additionally the Congress social gathering treasurer, has earlier served because the political secretary to UPA chairperson and Congress president Sonia Gandhi and was thought of one of the crucial highly effective individuals within the grand outdated social gathering.
This cash laundering case pertains to the alleged Rs 14,500 crore financial institution mortgage fraud that’s mentioned to have been perpetrated by the Vadodara-based pharma agency Sterling Biotech and its principal promoters and directors– Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara and Deepti Sandesara — all of whom are absconding.
Nitin and Chetankumar are brothers.
The company has alleged that this can be a larger financial institution rip-off in quantity than the PNB fraud involving diamantaires Nirav Modi and Mehul Choksi.
The entire fraud quantity pegged within the PNB case is about Rs 13,400 crore.
The Sandesaras are additionally dealing with separate probes by the CBI and the Earnings Tax Division for his or her alleged nexus with some high-profile politicians and fees of corruption and tax evasion, respectively.
At current, they’re acknowledged to be primarily based in Albania, from the place India is making an attempt to extradite them.
The ED registered a felony case in reference to the alleged financial institution mortgage fraud on the idea of an FIR and a cost sheet filed by the CBI.
It’s alleged that the corporate took loans of over Rs 5,383 crore from a home consortium led by the Andhra Financial institution, which had became non-performing belongings.
Patel, whereas chatting with reporters on Saturday, had mentioned he replied to the questions that the “company” of the federal government posed to him.
“I’m shocked that as an alternative of combating China… coronavirus and unemployment, the federal government is combating the opposition,” he had mentioned.
The regulation must be allowed to take its course and somebody who has not completed any mistaken shouldn’t concern, Patel had mentioned.
He had accused the federal government of “utilizing probe companies each time it confronted a disaster or when there was an election”.

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