The probe company had in 2018 hooked up property value Rs 26.65 crore on this case
New Delhi:
The Enforcement Directorate on Monday stated it has hooked up flats in Noida and stuck and financial institution deposits value Rs 2.18 crore in reference to a 2018 money-laundering case towards journalist Upendra Rai and a few others.
Mr Rai, the CMD and Editor-in-Chief of Bharat Categorical, a Hindi information channel, refuted the costs made towards him and stated he’s ”deeply shocked and anxious” with the contents of the Enforcement Directorate (ED) press launch.
A provisional order beneath the Prevention of Cash Laundering Act (PMLA) has been issued to connect these properties.
”The immovable properties are within the type of flats owned by accused Upendra Rai positioned in Noida, Uttar Pradesh, and movable properties are within the type of fastened deposits (FDs) and stability in financial savings account,” the federal company stated in a press release.
In accordance with the ED, the cash laundering case towards Mr Rai stems from two Central Bureau of Investigation (CBI) FIRs.
Mr Rai stated, ”I’ve challenged these prosecutions (of the CBI and the ED) and the allegations made therein and I’m hopeful that the hon’ble courts will discover no deserves in these allegations” ”There aren’t any proceeds of crime on this prompt case and attachments in addition to the prosecution filed by the ED don’t have any validity within the eyes of the legislation,” he claimed.
The ED press launch, he stated, has been made solely to trigger prejudice to ”my case and to conduct a media trial”, which is unwarranted in legislation.
Mr Rai additionally stated that the flats hooked up within the newest order ”don’t belong to me or my members of the family”.
The journalist was first arrested by the CBI and later the ED in Might 2018. He subsequently received bail.
The ED investigation discovered that Mr Rai, his brother Narender Rai and different associates ”had been concerned in extortion of cash from numerous individuals/entities by threatening motion from investigative businesses.”
”The cash so extorted was obtained in money/sort in numerous financial institution accounts within the garb of consultancy companies. The full cash, extorted as proceeds of crime within the case, is to the tune of Rs 52.55 crore,” the company alleged.
The company had in 2018 hooked up property value Rs 26.65 crore on this case and filed two cost sheets that 12 months. The full worth of the property beneath the present attachment is Rs 2.18 crore, the company stated.
(Aside from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)