ED attaches property price Rs 7.90 crore in Punjab drug instances
New Delhi, January 23
Property price Rs 7.90 crore have been connected beneath the anti-money laundering legislation in reference to a probe linked to 2 narcotics trafficking instances of Punjab, the Enforcement Directorate (ED) stated Monday.
The cash laundering case stems from separate FIRs filed by the Punjab Police beneath varied sections of the Narcotic Medicine and Psychotropic Substances Act (NDPS) in opposition to Gurdeep Singh Rano and Rajesh Kumar.
The ED case has been registered beneath the legal sections of the Prevention of Cash Laundering Act (PMLA).
“The connected property embody 16 immovable properties (land and constructing) in Punjab of Gurdeep Singh Rano and his members of the family and 11 immovable properties of Rajesh Kumar and his members of the family.
“The property additionally embody movable properties like steadiness in financial institution accounts, money and gold ornaments,” the federal probe company stated in an announcement.
The ED, quoting the police FIR, alleged that Rano had “hyperlinks” with suspected medication smugglers, Simranjit Singh and Tanvir Bedi, who’re residing overseas.
“Rajesh Kumar was promoting intoxicant medication within the guise of a medical retailer run by him,” it stated.
In each the instances, the ED stated, “many of the immovable properties had been purchased in money and the accused weren’t in a position to produce any documentary proof in help of the supply of money”.
“Investigation discovered that in some instances, money was deposited within the financial institution accounts of recognized individuals to layer the proceeds of crime for buying immovable properties,” it stated.