Hyderabad: The enforcement directorate has attached 45 non-moving properties worth RS 363 Crore Private Jewellers Limited, MBS Impex Private Limited and the promoter to be suspected of deceiving the Metal and Mineral Corporation of India (MMTC) limited to Rs 504 Crore.
Promoter of Mbs – Sukesh Gupta Group, Anurag Gupta, Neetu Gupta and Vandana Gupta – and their other group entities are ordered under the prevention of money laundering laws.
Ed initiated a money laundering investigation based on the FIR submitted by the CBI, Hyderabad branch, against Sukesh and his company to cheat MMTC Ltd in purchasing gold bars under the buyer’s credit scheme.
The MBS and Sukesh Herur Advice Group Rajesh Kumar said that despite living in a high court, Ed had issued an attachment command which was a violation of the order of the stay.
Ed accused the Sukesh company continued to lift gold from the alleged MMTCthe edged: “Sukesh in Active Convance with several MMTC Hyderabad officials continued to lift gold without a forex cover and without adequate security deposits.
The contribution was consistently wrongly reported to the MMTC head office and without the loss there.
“Furthermore said:” The company continues to lift gold from MMTC Ltd.
for their personal advantage.
This has caused the loss of public money for RS 504 Crore songs, including interest in RS 277 Crore to MMTC Ltd.
“during the investigation, ed found that based on profiles His business, Sukesh took a loan, crashed into real estate offers and expanded his business.
“All through the investigation, Sukesh’s behavior has avoided and is not cooperative.
He also failed to release the burden of proof being worn by him under PMLA,” he said.
In another case under FEMA, Ed judged and collected a sentence from Rs 222 Crore in the MBS group.
Sukesh also signed a one-time solution (OTS) with MMTC Ltd.
in 2019.
However, according to the latest report from MMTC Ltd, Sukesh did not deposit funds and OTs did not produce results.
The CBI first submitted a chargesheet against Sukesh and the other in 2014.