ED files chargesheet against 10 people in Rs 77.36-cr bank loan fraud case

 The Enforcement Directorate (ED) has filed a chargesheet against one Gyan Prakash Sarawgi and nine others in connection with money laundering case related to a bank loan fraud.

The Enforcement Directorate (ED) has filed a chargesheet against one Gyan Prakash Sarawgi and nine others in connection with money laundering case related to a bank loan fraud. The prosecution complaint was filed before a special PMLA court in Ranchi which has taken the cognizance of the matter on June 3. “The prosecution complaint was preceded by a provisional attachment order of May 25, 2020 attaching therewith 10 immovable properties worth Rs 4.25 crore identified as proceeds of crime,” said an ED official.

The case relates to bank fraud wherein the accused persons availed bank loans fraudulently amounting to Rs 77.36 crore on the pretext of trading in textiles, garments and construction items. After getting the loan amount, the accused laundered all the money through a maze of transactions involving many intermediary companies and were finally used into the activities of Sarawgi Builders and Promoters Pvt Ltd which was primarily engaged in the business of real estate.

PMLA case: NCP leader Praful Patel appears before ED for second day

The case emerges from a criminal complaint registered by the ED for alleged irregularities in fixing air slots for international airlines that purportedly led to losses for Air India

Previous common flying pastor and NCP pioneer Praful Patel showed up before the Enforcement Directorate for a moment day Tuesday for addressing regarding a tax evasion test identified with misfortunes endured via Air India as a feature of an asserted multi-crore avionics trick, authorities said.

Patel showed up before the office at its headquarter here in Khan Market around 10.00 am. On Monday likewise, he was examined by the office for concerning right hours. The researching officer of the case recorded Patel’s announcement under the Prevention of Money Laundering Act (PMLA) on Monday and the previous Union bureau priest of the UPA government was comprehended to have “participated” with the office.

The Rajya Sabha MP was approached to show up again on Tuesday as the scrutinizing and recording of his announcement needs to proceed, authorities said. The case rises up out of a criminal objection enlisted by the ED for supposed abnormalities in fixing air spaces for universal aircrafts that purportedly prompted misfortunes for Air India, the national bearer. A case for buy of 111 flying machine for the national Air transporter during Praful Patel‘s residency is additionally under test.

Praful Patel, 62, has additionally been named in an ongoing chargesheet documented by the government office under the steady gaze of a court, as an individual known to supposed avionics lobbyist Deepak Talwar. Talwar was captured by the ED at some point back. The Nationalist Congress Party (NCP)leader, who was incharge of the common aeronautics service somewhere in the range of 2004 and 2011, has not been referenced as a charged for the situation.

The ED has just scrutinized various individuals in the senior administration of the state-claimed aircraft and the aeronautics service. The ED had said in the chargesheet that “the examination so distant from the denounced and others uncover that Patel is a dear companion ofDeepak Talwar”. Patel had before told the media that “he will be glad to collaborate with the ED for their comprehension of the complexities of the flight area”.

Source : Business Standard

Aviation scam: Praful Patel appears before ED in connection with PMLA case

His statement will be recorded under the Prevention of Money Laundering Act (PMLA) and he is expected to face a series of questions

Previous common flight pastor and NCP pioneer Praful Patel Monday showed up before the ED regarding a tax evasion test identified with misfortunes endured via Air India as a component of an affirmed multi-crore avionics trick, authorities said. Patel showed up before the office around 10:30 am here, they said.His proclamation will be recorded under the Prevention of Money Laundering Act (PMLA) and he is relied upon to confront a progression of inquiries.

The case rises up out of a criminal grumbling enlisted by the Enforcement Directorate (ED) for supposed abnormalities in fixing air openings for global aircrafts that purportedly prompted misfortunes for Air India, the national aeronautics carrier. Praful Patel, 62, has additionally been named in an ongoing charge sheet recorded by the government office under the steady gaze of a court as an individual known to supposed avionics lobbyist Deepak Talwar, captured by the ED at some point back.

The Nationalist Congress Party (NCP) pioneer, who was responsible for the common flying service somewhere in the range of 2004 and 2011, has not been referenced as a charged in the case. Sources had revealed to PTI that the ED had just scrutinized various individuals in the senior administration of the state-possessed aircraft and the aeronautics ministry. Patel, a Rajya Sabha MP, was relied upon to be tested about the announcements and disclosures made by Talwar, authorities said…