ED attaches assets worth Rs26 crore of defence dealer Sanjay Bhandari
The Enforcement Directorate on Wednesday said it has attached properties worth Rs26.6 crore belonging to controversial defence consultant and arms dealer Sanjay Bhandari and others under the Foreign Exchange Management Act (FEMA) in the National Capital Region.
 
An ED official told IANS: "We have seized assets worth Rs 26.61 crore of Sanjay Bhandari and others in lieu of undisclosed assets held abroad by him under sections of Foreign Exchange Management Act (FEMA) held in his name, in the name of his wife and as well as his various companies on Tuesday."
 
The agency's action comes in the wake of its ongoing investigation into the case it registered under criminal charges of the Prevention of Money Laundering Act (PMLA) in February this year and also under the FEMA.
 
According to agency officials, Bhandari has acquired assets worth over Rs 150 crore outside India, which he had not declared for taxation purposes before the Income Tax authorities. 
 
This is the second attachment of assets by the probe agency against Bhandari. 
 
Earlier on June 1, the financial probe agency attached properties worth Rs 21 crore belonging to him in Delhi over his involvement in a money laundering case, which included -- commercial properties in Panchsheel Shopping Complex, Panchsheel Park, residential house in Vasant Vihar in south Delhi and another house in Gurugram, that were registered in his name, his wife's name as well as the various companies he ran. 
 
The Income Tax department had registered a case against Bhandari under the Black Money Act, notified in 2016 to curb the stashing of unaccounted wealth and properties abroad by Indians.
 
The case first came to light after the I-T Department conducted searches against him in April 2016 and recovered certain "sensitive" official defence documents from his premises.
 
The Delhi Police had also booked him for alleged violation of the Official Secrets Act (OSA) last year.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

  • User

    COMMENTS

    Ravindra Malve

    2 years ago

    WIll others ,who were involved along with SB in sharing pie of a cake too get ED's stringent action like this? Many big politicians from Cong and BJP too are involved in it.Lets hope ED will disclose their names

    SuchindranathAiyerS

    2 years ago

    This means the judiciary will grant him bail within an hour and he will be declared not guilty within three months. This man is a celebrity. Like Bollywoodies, Dalits, Moslems, Judges, IAS/IPS/IFS/IRS/MLA/MP etc. @narendramodi may even give him a Padma vi Bhushan.

    Criminal cases against three new Gujarat ministers: ADR
    Three ministers in the newly-formed Gujarat government have criminal cases registered against them and 19 of them are 'crorepatis' (millionaires) while only one minister is a woman, said election watchdog Association for Democratic Reforms (ADR).
     
    It also said nine ministers have declared their education qualification to be between Class 5 and Class 12 while nine are graduates or have higher degrees. One has a diploma in Electrical Engineering.
     
    On Tuesday, Vijay Rupani was sworn-in as the Chief Minister of Gujarat for the second time along with 20 other ministers.
     
    In its report prepared after studying the election affidavits of the new ministers, the ADR said Minister Parsotambhai Solanki has six criminal cases registered against him, of which three are serious in nature such as forgery and cheating. 
     
    The other two Ministers, Jayeshbhai Radadiya and Pradipsinh Jadeja, have two and one cases registered against them, respectively.
     
    The ADR said the average assets of 20 ministers have been found to be Rs 13.34 crore and Saurabh Patel is the richest minister in the council, having declared property worth Rs 123.78 crore.
     
    Solanki has declared total assets of over Rs 45 crore.
     
    As per the report, three ministers have declared their age to be between 31 and 50 years while 17 are aged between 51 and 70. 
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • User

    COMMENTS

    Manoj

    2 years ago

    Yet again, the hypocrisy of those demanding absolute compliance to unfair laws is in full display. Thanks to subservience of the natives, such charlatans continue to 'rule' (and not represent public interests) .

    shadi katyal

    2 years ago

    One cannot blame PM Modi or his new appointee CM of Gujarat for having criminal activist as Ministers. Modi promised to clean up but have more MP with such criminal records. Does the nation needs such people,I doubt that but parties do to control voting booths and for money.
    Ministers with no education,how can they help the nation when they have no idea how the govt works but this India and SUB CHAKLTA HAI BHAI

    Submit details of assets by January-end, bureaucrats told
    The Centre has asked all IAS officers to submit details of their assets by January-end, warning them that following the instruction was a pre-requisite to getting vigilance clearance necessary for their promotions and foreign postings.
     
    In its order, the Department of Personnel and Training (DoPT) asked all Central government departments, states and union territories to direct the IAS officers working with them to submit details of their Immovable Property Returns (IPRs) by January 31, 2018. 
     
    A senior officer said the order is an annual practice and it follows DoPT's April 4, 2011 instruction which reiterates that "failure to ensure timely submission of IPR would result in denial of vigilance clearance".
     
    "Those who do not submit property details on time will not be considered for any posts of the central government including foreign postings," the officer said.
     
    According to the DoPT, as many as 5,004 Indian Administrative Service (IAS) officers work across the country. 
     
    The department said there is an online system to file IPR for the IAS officers who can upload its hard copy by the scheduled date.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • User

    COMMENTS

    Manoj

    2 years ago

    This is an age old procedure in the government - from peons to masters, everyone fills this statement. Dont know whats newsworthy about it - making it online??

    SuchindranathAiyerS

    2 years ago

    We see that foreign postings are still a quasi promotion. Naturally. Delhi is at best, a Third World Country compared to Second World Countries such as Kenya, Srilanka or Malaysia. As for assets, most IAS officers declared inflated assets right at the time of joining. Perhaps their assets have exceeded their initial estimates of extortion in very quick time?

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