Wednesday, January 20, 2021

India: Deputy customs commissioner faces money laundering allegations

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The Enforcement Directorate (ED) at Lucknow registered a case of money laundering against deputy commissioner of customs on Thursday.

ED, during its probe, has revealed that Rs 3.56 crore was acquired by Shashikant during his posting in Dadri (Gautum Budh Nagar) as deputy commissioner (customs/import) which was more than his known sources of income. This was amassed from a period of 1998-2013.

Shashikant has also been arrested by the Central Bureau of Investigation (CBI) on charges of graft of Rs 5 lakh in 2013, and the case is under trail in the court.

On Thursday, a case of Prevention of Money Laundering Act was registered against the officer.

ED found movable properties including bank balance in various bank accounts of Shashikant to the tune of Rs 47.58 lakh, while investments in mutual funds to the tune of Rs 91.75 lakh while insurance policies to the tune of Rs 74.00 lakh.

Whereas, immovable properties including a four piece of land having value of Rs 52.43 lakh in Jharkhand and a flat in Bihar having value of Rs 35 lakh was found to be in his possession.

ED also found jewellery worth Rs 40.33 lakh.

In 2013, the CBI had arrested Shashikant for releasing seized shipment comprising tyres, belonging to the East of Kailash-based company Aban Exim, from the customs department at Inland Container Depot in Dadri.

CBI had then seized Rs 14.75 lakh in cash, a gold brick, jewellery and documents pertaining to investments worth over Rs 1 crore from his residence.

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