The Special (PMLA) Court here has allowed the confiscation of assets worth around Rs 10 crore in the Bhola drug case on the request of the ED, the agency said on Wednesday.
Enforcement Directorate had attached these assets including immovable properties, Indian currency, foreign currencies, fixed deposits earlier & subsequently filed applications under section 8(7) of the Prevention of Money Laundering Act in respect of four accused persons - Roy Bahadur Nirwal, Mahesh Gaba, Anoop Singh Kahlon & Varinder Singh Raja, who were absconding during the course of the trial.
According to ED, the Court while passing the confiscation order, categorically observed that no objection regarding the confiscation of the properties has come from any quarter in spite of publication in the newspaper.
The Court held that since the properties attached by Enforcement Directorate have been confirmed by the adjudicating authority & the accused persons have been declared as proclaimed offenders by the court for evading the process of law subsequent to the prosecution complaints filed against them, these properties are confiscated to the Central Govt.
In the Bhola drug case, multiple First Information Reports (FIRs) under Narcotic Drugs & Psychotropic Substances (NDPS) Act, IPC & Arms Act were registered by the Punjab Police in 2013 & 2014.
Following this, ED had initiated an investigation in the case pertaining to the multi-crore synthetic drug racket that was operated by wrestler-turned-cop-turned-drug mafia Jagdish Singh also known as Bhola.
During the course of the money-laundering investigation, statements of accused persons & witnesses were recorded & numerous documents from different agencies & authorities were also been obtained, ED said.
The statement said that so far five provisional attachment orders have been issued in this case in which total proceeds of crime amounting to Rs 95 crore has been attached.
Jagdish Singh, who was the kingpin of the crime, was arrested under section 19 of PMLA on Jan 23, 2014, by the ED, & since then he has been in judicial custody.
He had filed 3 bail pleas on various dates to secure his bail. However, all were dismissed by the Special PMLA court.
Source Link
Social media is bold.
Social media is young.
Social media raises questions.
Social media is not satisfied with an answer.
Social media looks at the big picture.
Social media is interested in every detail.
social media is curious.
Social media is free.
Social media is irreplaceable.
But never irrelevant.
Social media is you.
(With input from news agency language)
If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure
0 Comments