The Enforcement Directorate on Saturday filed a supplementary chargesheet against Gujarat cadre IAS official Pradeep N. Sharma over money laundering charges.
The Directorate had initiated investigation against Mr. Sharma on the basis of FIRs registered by the Criminal Investigation Department (CID) Crime division in Rajkot.
It was alleged by the CID that Mr. Sharma, as the then District Collector of Bhuj, had abused his power and allotted land to Welspun at lower rates and thereby caused loss to the exchequer.
The ED alleged that Mr. Sharma had made an investment of Rs. 1 lakh in the name of his wife in 2008 in a firm, Value Packaging, for channelling Rs. 29 lakh in the guise of profit distribution by the said firm.
The accused used the NRO bank account of his wife for the purpose of layering the proceeds of crime, received from Value Packaging, where his wife was one of the partners.
About Rs. 10 lakh was transferred to the account of Mr. Dewashrayee, brother-in -law of Mr. Sharma, which has been attached by the Directorate.
Mr. Sharma had allegedly invested in immovable properties and also transferred Rs. 1 crore outside the country through the “hawala” channels into the account of his wife in the United States.
Accordingly, the agency has attached assets worth Rs. 1.19 crore in the case so far.
As Bhuj Collector, Pradeep Sharma allegedly abused his power and allotted land to Welspun at lower rates
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