ED chargesheet against 3 for money laundering through firms abroad
The Hindu
The probe is based on FIR registered by A.P. police on a complaint from I-T Department against Vaddi Mahesh, others
The Enforcement Directorate has filed a chargesheet against three persons for allegedly laundering ₹1,500 crore through companies in Singapore, Hong Kong and China on the pretext of importing a “customised” software. Among those arraigned are Deepak Agarwal, Ayush Goyal and Pramod Agarwal. The money laundering probe is based on a First Information Report registered by the Andhra Pradesh police on a complaint from the Income Tax Department against Vaddi Mahesh and others. The ED alleged that Mr. Mahesh had floated several firms and shell companies and opened several bank accounts in their names. He remitted funds to the tune of ₹1,500 crore to various companies in Singapore, Hong Kong and China in the guise of outward remittances for import of non-existent “customised” software by submitting fake documents to the banks.More Related News