Meat exporter Moin Qureshi under Enforcement Directorate scanner for transactions in Dubai, Europe

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Published: September 23, 2017 3:55:31 PM

The Enforcement Directorate (ED) in connection with a money laundering case against meat exporter Moin Qureshi is preparing to send fresh letters rogatory (LRs) to two foreign countries.

Enforcement Directorate, Dubai, Moi Qureshi, moin qureshi case, Meat exporter,Hong Kong , money laundering, Foreign Exchange Management ActSources have traced malicious transactions in connection to Qureshi in Dubai and a European country. (IE)

The Enforcement Directorate (ED) in connection with a money laundering case against meat exporter Moin Qureshi is preparing to send fresh letters rogatory (LRs) to two foreign countries. To extract the financial transaction associated with Qureshi, two LRs have been sent to Dubai and Hong Kong, Indian Express reported. Sources have traced malicious transactions in connection to Qureshi in Dubai and a European country. An ED official said that everything is being done to gather information related to the transaction. “The necessary formalities are being done. We will soon ask the competent court to issue LRs. We need further details and evidence on these transactions. We have already sent two LRs to Dubai and Hong Kong in related matters,” the official said.

Qureshi was arrested on August 26 on charges of money laundering on behalf of public servants. The LR sent by ED to Dubai and Hong Kong pertain to the money spent by Qureshi’s wife and daughter while shopping in these places.Reportedly, Qureshi had arranged money for the shopping spree, amounting to lakhs, through hawala channels. In 2015, ED had registered a case against Qureshi under the Foreign Exchange Management Act (FEMA) with regard to the purchases. It later registered a case of money-laundering when the CBI filed an FIR against Qureshi.

The central agencies are probing alleged charges of receiving bribes on behalf of government officials from businessmen on Qureshi. Sources in the ED, however, insisted that the agency had more than just BBM messages as evidence against Qureshi and the government officials. “There are property trails that we have substantiated to an extent. We are verifying a few things after which we will begin attaching properties,” said an ED official.

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