The Enforcement Directorate (ED) has connected ₹10.29 crore of the Trinamool Congress (TMC) within the type of demand draft in reference to its cash laundering probe in opposition to Alchemist Group, headed by former Rajya Sabha member Ok D Singh, the company mentioned on Monday.
West Bengal chief minister and Trinamool Congress supremo Mamata Banerjee. (File)
The company alleged that Alchemist Airways Private Limited made funds price ₹10.29 crore to varied aviation or helicopter corporations for aviation companies availed by the TMC get together through the campaigning for the 2014 Lok Sabha elections for its star campaigners like chief minister Mamta Banerjee, Mukul Roy, Munmun Sen, Nusrat Jahan, and others.
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“ED, Delhi Zonal office, has provisionally attached an amount of ₹10.29 crore of All India Trinamool Congress party in the form of a demand draft tendered by it during the investigation into the offence of money laundering by Alchemist Group and others. The Alchemist group is headed by Kanwar Deep Singh, ex-member Rajya Sabha,” ED mentioned in an announcement.
KD Singh was arrested by the monetary crimes probe company in January 2021.
Its probe underneath Prevention of Money Laundering Act (PMLA) relies on a number of first info reviews (FIRs) registered by the Central Bureau of Investigation (CBI), Kolkata police and Uttar Pradesh police in opposition to varied people and group corporations of Alchemist Group.
“ED investigation revealed that Alchemist Group collected funds amounting to more than ₹1,800 crore from investors in its companies namely, Alchemist Holdings Limited and Alchemist Township India Limited on the false promise of providing high returns and giving flats, villas, plots, high rate of interest on the investments to the public or investors. However, the investors were never returned their money and the funds siphoned off or diverted to various group companies of Alchemist Group,” the company mentioned on Monday.
The probe, in response to ED, revealed that “a part of money collected by cheating the public was used by Alchemist Group for making payments to aviation companies on behalf of All India Trinamool Congress”.
“An amount of ₹10.29 crore was paid by Alchemist Airways Pvt Ltd to various aviation or helicopter companies for the aviation services availed by All India Trinamool Congress party during the campaigning for 2014 Lok Sabha elections for its star campaigners like Mamta Banerjee, Mukul Roy, Munmun Sen, Nusrat Jahan, etc,” the company added.
The federal company had claimed in January 2021 after Singh’s arrest that the corporate launched an unlawful collective funding scheme, additionally known as a ponzi or chit fund scheme, and mobilised funds from the general public within the years previous 2015. The agency allegedly launched the scheme “without the approval” of the Sebi (Securities and trade board of India) and led to dishonest of gullible traders, it mentioned at the moment.
Source: www.hindustantimes.com
