HYDERABAD: The Enforcement Directorate (ED) on Tuesday filed closing chargesheet (prosecution criticism ) from 25 jewellers and chartered accountants from town in connection with demonetisation scam, even in which it had been alleged ‘they intentionally contributed their black cash in demonetised money for transformation to golden’.
ED has called 41 detained, such as promoters of all Musaddilal Gems and Jewels along with their loved ones, at the chargesheet.
It’s alleged that the Rs 111 crore black currency was converted to gold and a gain of Rs 28 crore has been created.
The scam will be worth $139 crore.
ED has Thus Far connected Rs 130 crore from the fraud under the Prevention of Money Laundering Act.
ED reasoned a money-laundering analysis against Musaddilal Gems and Jewels.
The analysis was done depending on the FIR registered by fundamental offense channel sleuths, Hyderabad.
Following the statement of demonetisation on November 8 2016, Musaddilal Gems and Jewels, Vaishnavi Bullion and Musaddilal Jewellers had deposited demonetised notes of Rs 500 and Rs 1,000 to the tune of Rs 111 crore within their banks.
The accused increased fake money receipts and purchase statements regarding alleged golden jewelry purchases by 6,000 false clients between 8pm to midnight the afternoon demonetisation declared.
ED alleged Kailash Chand Gupta along with his sons, together with the help of chartered accountants, made invoices under Rs two lakh, therefore that there would not be a need KYC or even PAN of consumers.
The accused accumulated black currency cash from different jewellers/friends and obtained exactly the same deposited into their account to convert it to Gold by accepting a commission.
ED has said loved ones of Kailash Gupta, Neel Sundar Tharad, Paavan Agarwal donated their very own black cash to the tune of Rs 88 crore and made additional gain.
ED termed L Bajrang Pershad Jewellers, Vijay Jewellers, M Rajender Kumar Jewellers along with Pearl Dealers, Vijay Vithaldas Jewellers, Inderlal Balmukund Jewellers, Murari Exports, Preethi Jewellers, Sri Yash Jewellers, Navdurga Gems and Jewellers, Vonamala Jagadeeshwaraiah, Surajbhan Jewellers, Sree Kalpataru Jewellers, Tibarumal Ramnivas Gems Jewels and Pearls, Sanjay as accused that led black cash for transformation.
ED termed chartered accountants Sanjay Sharda, Ashish Jain, Manish Gupta of Musaddilal, Tarun Jain Chartered accountant, Praveen Agarwal Tej Prakash Agarwal of P Satyaranayann Stone and trademarks and Prem Kumar Sachdev and Nityesh Sachdev and Aditya Saraogi along with Awani Saraogi of Picture decoration were also called as drunk.
An prosecution complaint has been registered before ahead of the PMLA court along with an additional prosecution complaint was filed at September 2020.