NEW DELHI: The Enforcement Directorate has recently filed a chargesheet from a company family in front of a particular court in Hyderabad declared the relatives of supposedly depositing unaccounted money of Rs 111 crore within their accounts following the statement of demonetisation on November 8, 2016.
They functioned Musaddilal Gems and Jewels Pvt Ltd and Vaishnavi Bullion Pvt Ltd companies in Hyderabad and deposited enormous cash by producing false sales statements.
In addition they helped many others to convert their own black cash by purchasing trinkets from them.
Forty others also have already been chargesheeted and all were billed under PMLA.
“They made approximately 5,911 false sale statements attributing fake earnings through the relaxation period between 8 pm to 12 pm and pitched Rs 111 crore within their account,” ED explained.
Family Billed in Rs 111 crore DeMon Instance
