Hawala scam: Vikash Sinha brought to Delhi by ED; interrogation begins
Vikash Sinha, an associate of former Jharkhand chief minister Madhu Koda, was on Sunday brought to the national capital for interrogation by the Enforcement Directorate in the alleged hawala and illegal investments case running into more than Rs 2,000 crore.
Vikash, has been brought from the Jharkhand capital to the ED's zonal office here, after a Ranchi local court gave the directorate his custody for 10 days.
Sources said his interrogation has begun. The ED has framed charges against Vikash, brother of Koda aide Binod Sinha, under sections 409 (criminal breach of trust), 420 (cheating), 465 (forgery), 120-B (criminal conspiracy) of the IPC and other provisions of the Prevention of Corruption Act.
"He will be interrogated about money laundering and Hawala deals that he carried out on behalf of Koda and his men. He is the link to the activities of one of Koda's main associates and his brother Binod Sinha, who is still to depose before us," an ED source said.
Vikash has accepted during questioning by the IT department that he carried a cash of Rs 40 crore from Ranchi to Kolkata and transferred the money for alleged hawala transaction on behalf of his brother Binod and Koda, the ED had claimed earlier.
During the 10-day custody period, Vikash may also be taken to places in and outside the national capital for gathering evidence, the sources added.
According to the ED, Vikash, in his Income Tax returns, mentioned Rs 5,66,526 as income during 2006-07 and it quadrupled to Rs 24 lakh during 2007-08.
The ED, while obtaining Vikash's custody, had told the local Ranchi court that he was working with others for laundering proceeds of the crime.
Persons who brought cash for Binod and family members were introduced by Vikash. His finances are not from legal sources of income, the sources had claimed.
Sources said Vikash allegedly filed false entries to the tune of Rs 4.80 crore from companies which exist only on papers and no business activity is carried out by them.
Source: TOI
Vikash, has been brought from the Jharkhand capital to the ED's zonal office here, after a Ranchi local court gave the directorate his custody for 10 days.
Sources said his interrogation has begun. The ED has framed charges against Vikash, brother of Koda aide Binod Sinha, under sections 409 (criminal breach of trust), 420 (cheating), 465 (forgery), 120-B (criminal conspiracy) of the IPC and other provisions of the Prevention of Corruption Act.
"He will be interrogated about money laundering and Hawala deals that he carried out on behalf of Koda and his men. He is the link to the activities of one of Koda's main associates and his brother Binod Sinha, who is still to depose before us," an ED source said.
Vikash has accepted during questioning by the IT department that he carried a cash of Rs 40 crore from Ranchi to Kolkata and transferred the money for alleged hawala transaction on behalf of his brother Binod and Koda, the ED had claimed earlier.
During the 10-day custody period, Vikash may also be taken to places in and outside the national capital for gathering evidence, the sources added.
According to the ED, Vikash, in his Income Tax returns, mentioned Rs 5,66,526 as income during 2006-07 and it quadrupled to Rs 24 lakh during 2007-08.
The ED, while obtaining Vikash's custody, had told the local Ranchi court that he was working with others for laundering proceeds of the crime.
Persons who brought cash for Binod and family members were introduced by Vikash. His finances are not from legal sources of income, the sources had claimed.
Sources said Vikash allegedly filed false entries to the tune of Rs 4.80 crore from companies which exist only on papers and no business activity is carried out by them.
Source: TOI
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