A Delhi Court on Saturday extended the judicial custody of Raghav Magunta and Rajesh Joshi till March 28. The duo, along with several others, are accused in the money laundering case of the alleged irregularities in the framing and implementation of the Delhi excise policy 2021-22.
Special judge Vikas Dhull of the Delhi House Revenue court extended the judicial custody of both the accused for 10 days.
Both, Raghav Magunta and Rajesh Joshi were produced before Delhi Rouse Avenue court on Saturday after their previous judicial custody ended.
Regarding Magunta, the ED, probing the money-laundering angle stemming from the Central Bureau of Investigation (CBI) probe into the excise policy case, alleged that he is a manufacturer and involved in the wholesale and retail part of the business which goes against the spirit of the excise policy.
ED also alleged that Magunta owned shares in the company namely Indospirits, which is said to be a vehicle for the recoupment of kickbacks.
On the other hand, ED submitted that Joshi was involved in laundering money by raising fake invoices without any underlying service being provided by him.
Regarding Magunta, the ED, probing the money-laundering angle stemming from the Central Bureau of Investigation (CBI) probe into the excise policy case, alleged that he is a manufacturer and involved in the wholesale and retail part of the business which goes against the spirit of the excise policy.
ED also alleged that Magunta owned shares in the company namely Indospirits, which is said to be a vehicle for the recoupment of kickbacks.
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