Tuesday, October 20, 2020
Home News Reports Congress leader Ahmed Patel's involvement in 5000 cr bank fraud case resurfaced as ED...

Congress leader Ahmed Patel’s involvement in 5000 cr bank fraud case resurfaced as ED tightens investigation

A Delhi court remanded a man named Ranjit Malik, alias Jonny, in the one-day custody of the Enforcement Directorate (ED), for his involvement in 5000 crore bank fraud case for allegedly sending Rs 25 lakh cash to the official residence of a senior Congress leader, Ahmed Patel.

The ED produced Jonny before the duty magistrate, Bhavna Kalia, who granted his custody to the agency for a day, despite the ED pleading for a 15-day custody of the man saying he was required to be questioned in connection with the case and the transactions, and directed it to produce him before the court concerned.

According to the investigation carried out by the ED, Malik had sent through a courier, named Rakesh Chandra 25 lakh to 23, Mother Teresa Crescent, which is the official address of Congress leader Ahmed Patel.

Earlier too, Sunil Yadav, employed by the Sandesara group, which is being investigated by ED for money laundering, had alleged the involvement of senior Congress leader Ahmed Patel, his son, Faisal Patel, and his son-in-law, Irfan Siddiqui in the same, through his written statement to the directorate.

Yadav in his written statement to the ED confessed that he had handed over cash to Faisal Patel’s chauffeur and that the cash was to be delivered to Ahmed Patel’s son “on behalf of Chetan Sandesara”. Yadav’s written statement also mentions Chetan Sandesara, one of the owners of Sterling group, involved in the money laundering, would frequently visit Ahmed Patel’s residence (23 Mother Crescent, New Delhi) and that Patel’s residence would be described as ‘Headquarters 23’ by Sandesara. Siddiqui, Yadav said, would be referred as J2 and Faisal Patel as J1 by Sandesara.

The seized materials, telephonic chats, and bank account statements contain a lot of financial transactions including cash transactions revealed connections of Sterling Biotech group in this money laundering case.

The chargesheet, filed before Additional Sessions Judge Satish Arora, has accused the company of taking loans of over Rs 5,000 crore from a consortium led by Andhra Bank and diverting the same for personal use. The loans later turned into non-performing assets. As per the chargesheet, owners of Sterling Group, Nitin Sandesara, and Chetan Sandesara, had floated close to 300 shell companies to fraudulently move and layer the loan money abroad.

The ED registered a money laundering case in this instance after taking cognizance of an earlier CBI FIR. and put more than 50 foreign bank accounts and several other assets and properties situated abroad, related to the Sterling Group under the scanner,” the agency said.

The CBI had last year booked Sterling Biotech, its directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Dixit, Nitin Jayantilal Sandesara and Vilas Joshi, chartered accountant Hemant Hathi, Garg and some unidentified persons in connection with the alleged bank fraud case. The FIR alleged that the total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016.

Though the ED has been probing the case extensively and trying to dig out as many swindlers involved in this 5000 crores bank fraud case, present development might further help to dig out many hidden crummy facts, which the directorate are carefully inspecting.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

Related Articles

Trending now

Game over for India Today? CBI registers FIR in TRP Scam after UP Govt recommends probe based on private complaint

CBI has registered an FIR to investigate the TRP scam after a private complaint was registered in Lucknow, Uttar Pradesh.

‘Lockdown over but Coronavirus still here’: As PM Modi rings warning bell ahead of festive season, here are key takeaways from his address

In his 12-minute address, PM Modi urged people to maintain caution and wear masks while stepping out of their homes

The social hierarchy of Muslim society: Is the caste system a problem unique to Hindus?

Often ignored by the media, there is wide scale discrimination present in Muslim society between two factions- Ashraf and Ajlaf.

The MP who was sentenced to death: In Bihar elections, Anand Mohan Singh’s wife and son are now RJD candidates

Son and wife of Anand Mohan Singh, first-ever MP to get death sentence, are contesting in upcoming Assembly Elections in Bihar

FT publishes damning investigation implicating China, WHO and their role in the spread of Coronavirus: Here are 7 takeaways

The Financial Times carried out an investigation about China's initial mismanagement and complacency that led to a global coronavirus pandemic

After Mumbai Police harasses Arnab Goswami, ex-cop Iqbal Shaikh approaches court to stop Republic TV from reporting on TRP scam: Read details

Iqbal Shaikh accused Arnab Goswami and Republic TV of engaging in a smear campaign against Mumbai Police.

Recently Popular

After Chinese phones blocking weather data for Arunachal and Ladakh, now Twitter shows Leh as part of China

Security analyst Nitin A Gokhale found that Twitter has labelled Leh in Ladakh as part of People's Republic of China (PRC)

During 26/11 Mumbai attack, Param Bir Singh refused to be on ground and take on terrorists, then Mumbai CP Hasan Gafoor had said

Hasan Gafoor, who was the Mumbai Commissioner of Police during the 26/11 Mumbai terror attacks, had accused senior police officials, including Param Bir Singh of not taking on the terrorists.

In 2012 ‘out of town’ Salman Khan partied with Parambir Singh in Mumbai on day Bandra cops could not serve him Court summons for...

As reported by Mid-Day in 2012, Salman Khan and Parambir Singh were both found attending a Christmas party hosted by Sunny Dewan and his wife Anu Dewan in Mumbai. This when the Bandra cops claimed Khan was not in town.

Rajdeep Sardesai and India Today secure a gag order against social media user who had said they took 8 crores for Rhea interview

Issuing an order on India Today petition, the Delhi HC has ordered Twitter to suspend the man named Anurag Srivastava, and Google to remove the content from search results.

Anti-Trump legal analyst of CNN and The New Yorker contributor suspended after masturbating on Zoom call

Jeffrey Toobin has offered an apology for masturbating on the Zoom video call and said that he thought he had put the video and audio on mute.

TimesNow joined the Left in condemning Republic TV to hell, now, the Left is gunning for them too

The 'TRP scam' started off when Mumbai Police Commissioner Parambir Singh named Republic TV and hid the fact that the FIR which was filed, based on the Hansa Research Report, named India Today
- Advertisement -

Game over for India Today? CBI registers FIR in TRP Scam after UP Govt recommends probe based on private complaint

CBI has registered an FIR to investigate the TRP scam after a private complaint was registered in Lucknow, Uttar Pradesh.

Paris beheading case: Victim Samuel Paty to be conferred France’s highest order, mosque to be shut down

Days after the history teacher beheading by a radical Islamist in Paris, the French govt has decided to confer the highest order of merit Legion d'Honneur posthumously.

‘Lockdown over but Coronavirus still here’: As PM Modi rings warning bell ahead of festive season, here are key takeaways from his address

In his 12-minute address, PM Modi urged people to maintain caution and wear masks while stepping out of their homes

The social hierarchy of Muslim society: Is the caste system a problem unique to Hindus?

Often ignored by the media, there is wide scale discrimination present in Muslim society between two factions- Ashraf and Ajlaf.

UK: 37-year-old paedophile named Rehan Baig jailed for raping chickens to death while his wife filmed it

Rhan Baig's wife had also joined him in the videos and at one point he alternated between having sex with his wife and the chickens.

#Tweet4Bharat: Here is a list of the winners in the English category and their winning tweet threads!

The participation exceeded expectations greatly and finally, after much deliberation, we are now in a position to declare the winners.

Madrasas are breeding grounds for terrorists: MP cabinet minister Usha Thakur

BJP MLA from Indore, Usha Thakur said that government funding to all madrasas should come to an end

The benign gibberish on AajTak: How a clueless anchor and a clueless journalist discussed how clueless they are

Since no news channel seem to have any prior information about the PM's message, Aaj Tak probably decided to share random sentences repeatedly.

Unless Mohua Moitra is a Hindu from Pakistan, her comment on CAA makes no sense: Here is how the TMC leader made a fool...

The Citizenship Amendment Act does not affect the Indian citizens but TMC MP Mahua Moitra said she would not furnish her papers for the CAA

The MP who was sentenced to death: In Bihar elections, Anand Mohan Singh’s wife and son are now RJD candidates

Son and wife of Anand Mohan Singh, first-ever MP to get death sentence, are contesting in upcoming Assembly Elections in Bihar

Connect with us

245,563FansLike
465,234FollowersFollow
18,800SubscribersSubscribe