1. Lalu Yadav family money laundering case: Misa Bharti joins probe after I-T dept slaps charges under Benami Transactions Act

Lalu Yadav family money laundering case: Misa Bharti joins probe after I-T dept slaps charges under Benami Transactions Act

Lalu Yadav family Benami property case: After ignoring the Income-Tax Department summons twice, Lalu Yadav's daughter Misa Bharti on Wednesday joined the probe in an alleged money laundering case.

By: | New Delhi | Updated: June 21, 2017 4:01 PM
misa bharti, benami property case, Rashtriya Janata Dal, RJD, Lalu Prasad Yadav, Misa Bharti, Income Tax, Income Tax department, money laundering case, case registered, IT department, benami assets case, benami assets, Chartered Accountant Lalu Yadav family Benami property case: After ignoring the Income-Tax Department summons twice, Lalu Yadav’s daughter Misa Bharti on Wednesday joined the probe in an alleged money laundering case. (PTI)

After ingnoring the Income-Tax Department summons twice, Lalu Yadav’s daughter Misa Bharti on Wednesday joined the probe in an alleged money laundering case, India Today TV reported Wednesday. Misa joined the probe a day after I-T department on Tuesday slapped charges under the stringent Benami Transactions Act in an alleged money laundering case against his wife Rabri Devi, daughter Misa Bharti and Bihar Deputy CM Tejashwi Yadav. Earlier on Monday, it was reported that I-T seized the Benami properties of Misa Bharti, her husband Shailesh Kumar and Bihar deputy CM Tejashwi Yadav in the case, according to news agency ANI. Misa, who has joined the probe now, had skipped two summons to appear before Delhi investigation wing of I-T dept. Taking swift action, the department seized the same properties that were raided in May. Earlier, acting on her failure to appear before the court, I-T slapped two separate penalties of Rs 10,000 on Misa with regard to non-compliance with the I-T department regulations, ANI had reported.

Bharti and her husband were summoned in the case after Rakesh Agrawal, a Chartered Accountant (CA) linked to the former, was detained in connection with an Enforcement Directorate probe into a Rs 8,000 crore money laundering racket. The case involved two Delhi-based businessmen and a few political entities. As per a report, CA Agrawal’s arrest came under the provisions of Prevention of Money Laundering Act (PMLA) for allegedly playing a key role in providing accommodation entries (illegal funds) to launder the money on behalf of businessmen brothers – Virendra Jain and Surendra Jain. Rejecting the charges on his family, Lalu Prasad Yadav had earlier said that there was no merit in the allegations. Lalu, defending his daughter said, “They are indulging in character assassination” while saying that the shell company “does not exist at all.”

  1. A
    Apte
    Jun 21, 2017 at 5:47 pm
    1. Action against family members of former chief minister of Bihar, Shri Lalu Prasad Yadav, by the Income Tax Department (ITD) is welcome. But we cannot overlook the fact that time taken by ITD is pretty long. Is it that ITD does not have competent people to do proper investigations? 2. Any way action has been taken. But usual experience is that actual punishment for alleged acts of money laundering will be awarded, if at all it is awarded, after years of protracted litigation. 3. If ITD and Central Board of Direct taxes, really wish that money laundering activities have to be curbed and penal action is taken against those who are engaged in such activities, then they should set-up special investigation teams to investigate all transactions of politicians, their relatives and associates. It is, I suppose, not very difficult to find out who invests in benami properties. Of course cooperation of concerned State governments’ Revenue departments is prerequisite for this investigation.
    Reply

    Go to Top