Tag: BSF money laundering

  • ED arrests former BSF commandant in livestock smuggling case

    By way of Specific Information Provider

    NEW DELHI: The Directorate of Enforcement (ED) has arrested Satish Kumar, former commandant, 36-Battalion of Border Safety Pressure (BSF) in a cash laundering case associated with livestock smuggling on the Indo-Bangladesh World Border. He had gained Proceeds of Crime (POC) of Rs 12.8 crores from Mohammed Enamul Haque, the alleged kingpin of a livestock smuggling racket operating around the border, within the accounts of his spouse and his father in regulation.

    This Proceeds of Crime had been additional laundered by way of buying immovable homes and Mutual Finances. He was once produced ahead of a town court docket within the nationwide capital on Saturday and he has been remanded to ED custody for 3 days.

    That is the second one arrest on this subject. Previous, Haque was once in February and recently, he’s in judicial custody. One prosecution criticism was once filed on this case on April 16 ahead of a Delhi court docket.

    The court docket took the cognizance of the criticism. Within the criticism, 3 –Haque, two brothers– Vinay and Vikas Mishra and 3 firms similar to those folks particularly Hoque Industries Pvt Ltd, Hoque Mercantile Pvt Ltd and Anant Tradecom Pvt Ltd were arrayed as accused. Vinay is former Trinamool Congress early life wing chief.

    ED initiated money-laundering investigation at the foundation of an FIR registered in September 2020 by way of the Central Bureau of Investigation (CBI) towards Satish Kumar, Haque, Mohammed Anarul SK, Mohammed Golam Mustafa and different officers of BSF and Indian Customs.

    The whole proceeds of crime associated with the criticism filed is Rs 25 Crore on this case.

    “Throughout the process investigation on this PMLA case, 24 searches were carried out to this point. Until date homes value greater than 18.5 Crore were hooked up on this case. Additional, investigation within the case is in development,” stated the ED.