1. Black money case: Court to consider charge sheet next month

Black money case: Court to consider charge sheet next month

A special court would consider next month a charge sheet filed against two Delhi-based businessmen in a Rs 8,000-crore money-laundering and black money racket case allegedly linked to political entities.

By: | Published: June 8, 2017 6:47 PM
Special court, Delhi, Charge sheet, Money laundering, Black money racket A special court would consider next month a charge sheet filed against two Delhi-based businessmen in a Rs 8,000-crore money-laundering and black money racket case allegedly linked to political entities.(Image: IE)

A special court would consider next month a charge sheet filed against two Delhi-based businessmen in a Rs 8,000-crore money-laundering and black money racket case allegedly linked to political entities.  Special CBI Judge Naresh Kumar Malhotra fixed the matter for July 3, the next date of hearing.  The court also extended the judicial custody of the accused — Surendra Kumar Jain and his brother Virendra Jain — till June 21.
he charge sheet was filed by the Enforcement Directorate (ED) which had arrested the accused on March 20, claiming that at least 90 shell firms were under its scanner and it had identified 26 of them for allegedly laundering around Rs 62.20 crore.  The case emerged after the ED filed a criminal complaint last month under the Prevention of Money Laundering Act (PMLA) based on a charge sheet of the Serious Fraud Investigation Office against certain individuals and firms.

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