1. Sanjay Bhandari money laundering case: ED attaches assets of the arms dealer

Sanjay Bhandari money laundering case: ED attaches assets of the arms dealer

The Enforcement Directorate today attached assets worth Rs 21 crore of arms dealer Sanjay Bhandari in connection with a money laundering probe against him

By: | New Delhi | Published: June 1, 2017 6:25 PM
Enforcement Directorate, Sanjay Bhandari, money laundering probe, CBI, ED, Income tax department, Delhi Police Bhandari was booked by the Income Tax department under the new act called Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. (ANI)

The Enforcement Directorate today attached assets worth Rs 21 crore of arms dealer Sanjay Bhandari in connection with a money laundering probe against him, a PTI report said. According to the report, this was the first such order in which the probing agency decided to attach Bhandar’s assets under the Prevention of Money Laundering Act (PMLA). The agency took notice of the new anti-black money act that was notified in 2016 to check the menace and book those people who have shifted their illegal funds or properties in foreign countries.

Bhandari was booked by the Income Tax department under the new act called Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. Under the new law, cases of illegal assets stashed overseas, which were earlier investigated under the Income Tax Act, 1961, attract 120 per cent tax and fine on undisclosed foreign assets and income, apart from the jail term of maximum 10 years.

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ED had booked the arms dealer, who had reportedly left the country for a foreign location recently, under criminal charges of the PMLA law in February. He was also booked by the Delhi Police for alleged violation of the Official Secrets Act (OSA) in 2016, the agency report said. His case was first noticed when the Income tax department conducted search operations against him last year and had recovered some “sensitive” defence documents from his places.

Sleuths also said to have recovered some emails about the renovation of a costly apartment in London in 2010 which was allegedly owned by Congress president Sonia Gandhi’s son in law Robert Vadra. Vadra’s legal company had of him owning the property directly or indirectly, the PTI report further added.

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