ED attaches Rs 7.90 cr property in drug circumstances
New Delhi, January 23
Property value Rs 7.90 crore have been connected below the anti-money laundering regulation in reference to a probe linked to 2 narcotics trafficking circumstances of Punjab, the Enforcement Directorate (ED) mentioned on Monday.
The case was based mostly on FIRs filed by the Punjab Police below numerous sections of the Narcotic Medicine and Psychotropic Substances (NDPS) Act in opposition to Gurdeep Singh Rano and Rajesh Kumar, the company mentioned in an official assertion.
27 properties connected
The connected property embrace 16 immovable properties (land and buildings) 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. —ED
“The connected property embrace 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 ED mentioned. It mentioned, “The property additionally embrace movable properties like stability in financial institution accounts, money and gold ornaments.”
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,” the ED alleged.
In each the circumstances, the ED mentioned, “most immovable properties have 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 circumstances, money was deposited in financial institution accounts of recognized individuals to layer the proceeds of crime,” the ED alleged.