PFI Bank Accounts Received Over Rs 100 Crore Over Years: Probe Agency Tells Court

PFI Bank Accounts Received Over Rs 100 Crore Over Years: Probe Agency Tells Court

December 24, 2020 Off By admin


Enforcement Directorate searched workplaces of PFI, residences of its workplace bearers throughout India

Kochi, Kerala:

The Enforcement Directorate (ED), probing the cash laundering probe towards the Popular Front of India (PFI), informed a court docket in Kochi at present that its investigation to this point has revealed that the Kerala-based outfit has obtained over Rs 100 crore in its financial institution accounts over time.

The company, whereas in search of custody extension of PFI’s scholar wing chief KA Rauf Sharif, arrested in reference to a cash laundering probe, made the submission within the Special court docket for Prevention of Money Laundering Cases in Kochi.

Considering ED’s utility, the court docket prolonged Sharif’s custody for 3 extra days.

In its affidavit, ED said that the supply and disbursal of those funds are beneath investigation.

“The investigation conducted by the Directorate against PFI has so far revealed that more than Rs 100 crore have been deposited in the accounts of PFI over the years, and that a large part of the same has been deposited in cash,” the ED mentioned.

It additionally alleged that since 2013, PFI has been indulging in numerous scheduled offences and the cash transfers and money deposits have additionally considerably elevated after 2014.

Investigation has additionally revealed that PFI has been concerned in anti-CAA protests and funds, through the interval of December 2019 to February 2020, might have been used for this goal, the affidavit mentioned.

ED additionally talked about the position and involvement of PFI members within the Delhi riots in February this 12 months have come to its discover within the ongoing investigation into the cash laundering.

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“There are also indications that PFI has linkages with the recent violence in Bangalore city in which its political wing – SDPI – was found to be involved.

PFI has also been involved in various cases in the past in which public order was disturbed and various offences of grave nature were committed by the members of the organisations”, ED mentioned within the affidavit.

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The ED, which carried out searches on the workplaces of PFI and on the residences of its workplace bearers throughout India, mentioned incriminating paperwork and digital units had been seized through the raids.

It alleged that PFI has been gathering big quantities of funds overseas and that targets for international assortment of funds have additionally been fastened.

Seeking custody of Rauf Sharif, nationwide normal secretary of PFI’s scholar wing, the ED mentioned it’s evident that the outfit and its related organisations like CFI have been constantly concerned in cash laundering and have been utilizing the proceeds of crime for committing illegal actions throughout India.

The non-cooperative and evasive angle of Sharif alongside together with his deliberate makes an attempt to keep away from becoming a member of the inquiry and to flee the nation set off additional suspicion about his actions and involvement in cash laundering actions, the ED submitted.

He was produced earlier than the particular court docket as his seven days’ custody granted to final week ended at present.

When Sharif knowledgeable the court docket that he was mentally tortured by the company, the choose warned and directed ED to not repeat it.

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The ED arrested Sharif after he was caught by authorities at Thiruvananthapuram airport a fortnight in the past.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)



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