Nagpur: A special court hearing case under the money laundering law has resisted the guarantee of the Baheti Ajaykumar businessman from Nanded.
The defendant was arrested for the alleged transfer of large amounts of important commodities such as grains and rice from Indian food companies (FCI) which was intended for the Public Distribution System (PDS) to his company India Mega Agro Anaj Limited, causing loss of crores to exfequer.
He was ordered under 56, 406, 409, 420, 467, 468, 471, 477A and 120B IPC and Section 3 and 7 Essential Commodity Act.
Allegations have provided guarantees, which are opposed by the Enforcement Directorate (ED) through the Special Prosecutor Special Sudirik and assisted by Divya Gontia.
“No doubt, the violation is very serious and as observed by the Supreme Court, this court must look very serious on economic violations and its implications for the health of state financial and influence on the poor and those who need to whom the food grains are intended.
“Additional session Judge Py Ladekar said before rejecting the request.
“Considering all aspects, the seriousness of crime, the need for further investigation and the adverse effects of the economic action on the economic conditions of the country, the deprivation of the poor and in need of whom food grains must be supplied, grants, grants.
The guarantee for the defendant will not be Decent choice, “he added added.
According to puranics, a large number of food grains intended for PDS, targeted at the poor and in need, are obtained illegally and accumulated by the defendant.
Baheti was also involved in the alleged money laundering activity in accordance with Part 3 of the money laundering law and collecting countless properties from more than RS55 Crore, he said.