India
ED takes three associates of Shahjahan Seikh into custody for alleged money laundering | India News
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NEW DELHI: The Directorate of Enforcement (ED), Kolkata Zonal Office, on Tuesday said that it has taken Shib Prasad Hazra, Sekh Alomgir, and Didar Boksh Molla — all associates of Shahjahan Seikh—into its custody. This action follows an order from the prevention of money laundering act (PMLA) court granting 10 days of ED custody.
Earlier, Shahjahan Seikh had been detained for 13 days by the ED.Investigations have revealed that Seikh allegedly ran fisheries on lands illegally acquired from tribals and farmers. Proceeds of Crime (PoC) were purportedly accrued through the sale of fish and shrimp from these lands under the guise of his firm, SK Sabina Fish Supplier. Additionally, Seikh is accused of profiting from various other businesses, including brick kilns.
The cash generated from these criminal activities is believed to have been laundered through firms like Magnum Export, projecting the PoC as clean money. Seikh allegedly acquired numerous movable and immovable properties using the proceeds from these criminal activities.
In response to these findings, the ED has already attached various movable and immovable properties belonging to Shahjahan Seikh, estimated to be worth around Rs. 12.78 Crores.
The case underscores the ED’s ongoing efforts to crack down on alleged money laundering activities and illegal acquisitions of wealth. As investigations continue, further developments are anticipated in this high-profile case.
(With inputs from agencies)
Earlier, Shahjahan Seikh had been detained for 13 days by the ED.Investigations have revealed that Seikh allegedly ran fisheries on lands illegally acquired from tribals and farmers. Proceeds of Crime (PoC) were purportedly accrued through the sale of fish and shrimp from these lands under the guise of his firm, SK Sabina Fish Supplier. Additionally, Seikh is accused of profiting from various other businesses, including brick kilns.
The cash generated from these criminal activities is believed to have been laundered through firms like Magnum Export, projecting the PoC as clean money. Seikh allegedly acquired numerous movable and immovable properties using the proceeds from these criminal activities.
In response to these findings, the ED has already attached various movable and immovable properties belonging to Shahjahan Seikh, estimated to be worth around Rs. 12.78 Crores.
The case underscores the ED’s ongoing efforts to crack down on alleged money laundering activities and illegal acquisitions of wealth. As investigations continue, further developments are anticipated in this high-profile case.
(With inputs from agencies)
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