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New Delhi:
The Enforcement Directorate (ED) has hooked up property value Rs 3.88 crore in reference to a cash laundering case towards an IRS officer, who labored within the investigation wing of the Income Tax Department in Kolkata, and others.
The central probe company mentioned, in a press release, that it has issued a provisional order underneath the Prevention of Money Laundering Act (PMLA) for attaching a residential property value Rs 3.15 crore in Mumbai and financial institution stability of Rs 73.16 lakh.
The ED had pressed cash laundering fees towards Indian Revenue Service (IRS) officer Neeraj Singh and his alleged affiliate Govind Agarwal after going by means of a 2017 Kolkata Police FIR towards them.
Neeraj Singh, the then extra commissioner of I-T investigation in Kolkata, was accused by the Kolkata Police of “wrongfully using his power and capacity of a public servant and obtaining huge amount of money through illegal gratification”, the ED mentioned.
The probe discovered that “Singh kept Agarwal as his frontman and laundered the proceeds of crime through number of bank accounts of various companies”, it mentioned.
“Agarwal used to park the ill-gotten money of Singh into his companies. He also used to compensate for Singh’s personal expenses, including flight tickets, travels and tours as well as hotel expenses,” the ED mentioned within the assertion.
Neeraj Singh had acquired a residential property in Mumbai in 2014 within the identify of certainly one of his relative, the company claimed.
The ED mentioned for buying this property, Neeraj Singh routed his “ill-gotten money” by means of plenty of firms floated by Govind Agarwal and eventually positioned them into the accounts of his relative in guise of loans prolonged from an organization.
“Singh possessed and used bank accounts of his relatives which were utilised for acquiring proceeds of crime,” it added.
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