Rajasthan-Based Businessman Summoned In Yes Bank Money Laundering Case

New Delhi:

The Enforcement Directorate (ED) has summoned Rajasthan-based businessman Raman Kant Sharma in reference to its cash laundering probe within the Sure Financial institution case, officers mentioned on Thursday.

Sharma is already being investigated by means of the central probe company on fees of alleged violation of foreign exchange regulations associated with remittance of over Rs 96 crore from Mauritius and the company has in a similar way summoned him underneath the International Change Control Act (FEMA) for wondering.

The ED may be probing his alleged trade hyperlinks with Vaibhav Gehlot, the son of Rajasthan leader minister Ashok Gehlot, within the FEMA case.

He’s imagined to were a trade spouse of Vaibhav Gehlot in a automotive condo corporate previously.

Within the Sure Financial institution cash laundering case, officers mentioned the businessman has been requested to depose earlier than the investigating officer of the case in Mumbai on July 27.

The officers mentioned the financial institution had given a Rs 168-crore mortgage to Triton Inns and Lodges by which Sharma is a proportion holder and a promoter.

The ED needs to report his commentary underneath the Prevention of Cash Laundering Act (PMLA) within the Sure Financial institution case and know how the lodge team used to be prolonged the financial institution mortgage, they mentioned.

The ED arrested Sure Financial institution co-founder Rana Kapoor on this case in March together with the Wadhawan brothers, Kapil and Dheeraj Wadhawan, of DHFL.

The ED accused Kapoor, his members of the family and others of laundering proceeds of crime price Rs four,300 crore by means of receiving alleged kickbacks in lieu of extending large loans via their financial institution that later become non-performing belongings (NPA).

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