No papers to show CA's link with offence in Money laundering Case says Court
PrintListen to this Article
The court stated that except two ledger account entries that allegedly show that Aggarwal received “commission”, there is no other relevant document. It also noted that he did not hold any meetings with Surendra Jain and Virendra Jain — market entry operators who are the main accused in the case.
The ED has alleged that Aggarwal played a vital role in the transactions between the Jain brothers and a company — Jagat Properties. Special Judge Naresh Kumar Malhotra considered that Aggarwal was not made an accused in the original complaint filed by the ED against the Jain brothers, and there were reasonable grounds to believe that he is “not guilty” of the offence.
“That applicant (Aggarwal) is in custody since 22.5.2017, I am of the opinion that there are reasonable grounds to believe that he is not guilty of such offences and there is no likelihood that he would commit any such offence while on bail. Accordingly applicant is admitted to bail…,” the judge said.
The ED is probing alleged laundering of over Rs 8,000 crore by the Jain brothers through a maze of shell companies. While both Jains were arrested in March, Aggarwal was arrested in May. The ED reportedly found that CA Rajesh Aggarwal had provided accommodation entries not only for the Jains but for Mishail Packers and Printers. #casansaar (Source - IndianExpress)
Category : CA | Comments : 0 | Hits : 2826
Thank You all for 100K Subscribers on CA Sansaar YouTube Channel Thank you everyone for your continued support. We have now crossed 1,00,000 subscribers on your Youtube channel CA Sansaar. https://www.youtube.com/c/casansaarca
In reply to RTI by Nitin Pandurang Hargude on requirement of signing of project report, un-audited financials and certificate for utilisation of loan funds vide Order No. DOR0021/04.03.001/2020-21 dated April 03 2021 RBI has replied
CA Sansaar is going to organise a Series of Webinar for Members' interest and also for the PM Cares Fund. Seminar Participation Fees :- Rs. 100/- for PM Cares Fund. *(No Need to transfer fees in our bank account, Plz transfer it directly to PM Cares Fund and share details)* Details of Webinars :- (Plz click on the link for Registration and Details or visit in events section of casansaar.co) 08/04/2020 (Wednesday) from 05:00 PM onwards - SEPARATE...
The Vice President of India, Shri M. Venkaiah Naidu has called upon all nations to join hands in ensuring automatic exchange of information on black money and speedy extradition of economic fugitives. Shri Naidu asserted that all countries must speak with one voice to eliminate terror and economic frauds. “As we seek to promote a more equitable and civilized world order these measures essential for healthy economies around the globe”, he added. Speaking at the Platinu...
The Companies Act, 1913 passed in pre-independent India prescribed various books which had to be maintained by a Company registered under that Act. It also required the appointment of a formal Auditor with prescribed qualifications to audit such records. In order to act as an auditor a person had to acquire a restricted certificate from the local government upon such conditions as may be prescribed. The holder of a restricted certificate was allowed to practice only within the province of issue ...
Comments