Moin Qureshi case: Have extra names, ED tells court docket

NEW DELHI: The function of extra people within the cash laundering case involving meat exporter Moin Qureshi has come to the fore, the Enforcement Directorate (ED) advised a Delhi court docket on Thursday.

Custodial interrogation of Hyderabad-based businessman Satish Babu Sana has revealed this, the ED advised the court docket. Sana, who was a “witness” for the central company, was arrested final month. The court docket on Thursday remanded him in additional custody until August 9. Sana has failed to clarify the “precise goal” of paying Rs 1.5 crore to Qureshi as “real enterprise bills”. He has disclosed that this cost was made in money as Qureshi wished it in money solely, the company stated.

In its remand paper, the ED advised the court docket that “Sana is spinning tales and an internet of lies in his quest to undertaking this cost as pre-operative bills”.

In keeping with the company, Sana claimed that he didn’t have any paperwork or different proof to show the aim of this cost. The investigation has additional revealed that Qureshi took Rs 11.09 crore from completely different sources for acquiring undue favours from public servants after exercising his private affect over them by means of unlawful means. Proceeds of crime have been laundered by means of hawala operators to international jurisdictions after which reached the specified beneficiaries, ED stated.

Even for a Rs 50 lakh funding claimed to be in farmland enterprise, Sana has admitted that the traditional precautions to be taken for a real funding weren’t taken by him, in accordance with the remand paper.

Sana has additionally admitted that he didn’t confirm the veracity of claims made by Qureshi in regards to the so-called funding proposal. He additionally had no details about the shareholders/administrators of the corporate nor did he try and work together with them, it stated.

The enforcement company claims to have discovered the path of proceeds of crime. Different related transactions are additionally below ED lens. Sana has been confronted with numerous entries showing in his steadiness sheet for the related interval.

The ED sought Sana’s additional custody stating that it was required to decipher your complete cash path, together with the precise supply of tainted cash and supreme beneficiaries of it. The company has already issued summons to the accused to establish the backward path of the proceeds of crime in order that the actual goal might be unearthed.