ED files supplementary chargesheet in demonetisation scam

by IANS |



New Delhi, Sep 23 (IANS) Enforcement Directorate (ED) on Saturday said that they have filed a supplementary prosecution complaint against Sanjay Jain and 13 others before a Special PMLA Court in Kolkata in connection with converting demonetised currency notes amounting to Rs 7.76 crore.


The ED has made a prayer for the conviction of the accused and confiscation of properties worth Rs 4.80 Crore. The court has taken cognisance of the prosecution complaint.


The ED initiated a PMLA investigation based on an FIR and a charge sheet filed by the CBI against Jain and others in connection with converting demonetised currency notes amounting to Rs 7.76 crore into legal tender by fraudulently opening proprietorship firms and their bank accounts with the help of Amitesh Sinha, the then Deputy Manager at Axis Bank, Burrabazar Branch, Kolkata.


"Jain, in collusion with Amitesh Sinha, was found to have received an amount of Rs 7.76 crore in demonetised currency notes from other persons. They subsequently deposited this cash into illicitly opened bank accounts and transferred the funds to multiple beneficiaries," said the ED.


Earlier, the ED had attached assets in the form of bank accounts and immovable properties worth Rs 3.45 Crore by issuing a Provisional Attachment Order (PAO) in 2019 and later filed a prosecution complaint in August 2020.


Further, the ED attached other assets worth Rs 1.34 Crore by issuing another PAO in March 2022. Both the PAOs were confirmed by the adjudicating authority, PMLA.


Further investigation into the matter is ongoing.



Latest News
How clinical and meticulous planning, execution got India its second U19 Women's T20 WC title Sat, Feb 08, 2025, 03:14 PM
We humbly accept people's verdict: Kejriwal concedes defeat, congratulates BJP Sat, Feb 08, 2025, 03:09 PM
Alex Carey breaks Gilchrist's record with historic 156 in Galle Sat, Feb 08, 2025, 02:51 PM
Mpox deaths in Africa exceed 100 since beginning of 2025 Sat, Feb 08, 2025, 02:45 PM
What to say on Kejriwal's doom: Gaurav Bhatia on AAP's setback in Delhi polls Sat, Feb 08, 2025, 02:36 PM
RBI hints further steps to ensure liquidity, US tariff uncertainties to cool off soon Sat, Feb 08, 2025, 02:31 PM
Zambian President vows commitment to peace efforts in CongoZambian President vows commitment to peace efforts in Congo Sat, Feb 08, 2025, 02:18 PM
Kejriwal's 'greed for money', reason behind AAP setback in Delhi polls: Anna Hazare Sat, Feb 08, 2025, 12:39 PM
Indian origin man gets up to 25 years in drunk driving crash killing 2 teens Sat, Feb 08, 2025, 12:34 PM
Negotiating with US will not solve Iran's problems: Khamenei Sat, Feb 08, 2025, 12:27 PM
Bangar advises Rohit Sharma to 'keep it simple' amid prolonged lean patch Sat, Feb 08, 2025, 12:21 PM
Team India arrive in Cuttack ahead of 2nd ODI against England Sat, Feb 08, 2025, 12:18 PM
Trump cancels Biden clearance for classified briefings Sat, Feb 08, 2025, 12:16 PM
Another Cong decimation on cards, trends show party heading for duck again Sat, Feb 08, 2025, 12:07 PM
Pall of gloom at AAP office after EC trends indicate BJP well above majority mark Sat, Feb 08, 2025, 11:56 AM