The ED had pressed cash laundering costs towards the IRS officer (Representational)
New Delhi:
The Enforcement Directorate (ED) has hooked up property value Rs three.88 crore in reference to a cash laundering case towards an IRS officer, who labored within the investigation wing of the Revenue Tax Division in Kolkata, and others.
The central probe company stated, in a press release, that it has issued a provisional order underneath the Prevention of Cash Laundering Act (PMLA) for attaching a residential property value Rs three.15 crore in Mumbai and financial institution steadiness of Rs 73.16 lakh.
The ED had pressed cash laundering costs towards Indian Income Service (IRS) officer Neeraj Singh and his alleged affiliate Govind Agarwal after going by a 2017 Kolkata Police FIR towards them.
Neeraj Singh, the then further commissioner of I-T investigation in Kolkata, was accused by the Kolkata Police of “wrongfully utilizing his energy and capability of a public servant and acquiring big sum of money by unlawful gratification”, the ED stated.
The probe discovered that “Singh saved Agarwal as his frontman and laundered the proceeds of crime by variety of financial institution accounts of varied corporations”, it stated.
“Agarwal used to park the ill-gotten cash of Singh into his corporations. He additionally used to compensate for Singh’s private bills, together with flight tickets, travels and excursions in addition to resort bills,” the ED stated within the assertion.
Neeraj Singh had acquired a residential property in Mumbai in 2014 within the title of one in all his relative, the company claimed.
The ED stated for buying this property, Neeraj Singh routed his “ill-gotten cash” by a lot of corporations 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 financial institution accounts of his relations which have been utilised for buying proceeds of crime,” it added.
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