Enforcement Directorate Questions Ahmed Patel Over Money Laundering Case

Sandesara Brothers case: Congress chief Ahmed Patel questioned by Enforcement Directore (File)

New Delhi:

The Enforcement Directorate questioned senior Congress chief Ahmed Patel on Saturday in reference to a Rs 8,100 crore cash laundering case involving the Sandesara brothers.

A 3-member staff of the company visited Mr Patel at his residence in central Delhi to report his assertion underneath the PMLA (Prevention of Cash Laundering Act).

Mr Patel, 70, had beforehand been summoned for questioning twice by the company however cited the lockdown and the COVID-19 outbreak pointers that asks senior residents to remain indoors; the virus is believed to be notably harmful to these above 65 years of age.

The case pertains to a probe towards Chetan and Nitin Sandesara, and some others, over alleged multi-crore financial institution fraud by Gujarat-based agency Sterling Biotech.

The unique charge-sheet, filed underneath the varied provisions of PMLA, accused the corporate of taking loans from a consortium led by Andhra Financial institution which had became non-performing property (NPAs) or unhealthy loans.

The cost sheet mentioned the accused manipulated figures within the stability sheets of their flagship firms and induced banks to sanction greater loans.

Mr Patel, a Rajya Sabha MP from the state, was additionally summoned by the Revenue Tax Division in March in reference to a tax evasion probe linked to financial transactions of his social gathering.

He was despatched a discover to seem in his capability because the social gathering’s treasurer. Mr Patel advised information company PTI that he was shocked to see the summons.

“Our accounts are clear and clear. Higher they (the I-T division) ought to have appeared on the record-breaking donations of the BJP. They’ve known as me and I’ll undoubtedly go, however I have no idea the explanation why they’ve known as me,” he mentioned.

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