Tuesday, October 27, 2020

ED confronts Vadra with voluminous statements, documents in money laundering case


The ED Tuesday confronted Robert Vadra with multiple statements of people reportedly known to him and voluminous paper evidence gathered over the time, as he appeared before it in connection with a money laundering case linked to purchase of alleged illegal assets abroad, officials said.

Vadra (50), the brother-in-law of Congress chief Rahul Gandhi, arrived at the agency’s office near India Gate around 10:45 am along with his lawyers. His grilling went on for over five hours.

Official sources said the investigating officer (IO) of the case put across to him at least half-a-dozen statements of his alleged aides which form a purported “link” between him, absconding arms dealer Sanjay Bhandari, Bhandari’s associates and others.

It is understood that Vadra either denied or claimed ignorance of having any dealing or connections with Bhandari or others as his statement was recorded by the IO under Section 50 of the Prevention of Money Laundering Act (PMLA).
The section talks about “powers of authorities regarding summons, production of documents and to give evidence”.

- Advertisement -

The officials said the businessman, husband of Congress general secretary Priyanka Gandhi Vadra, was also shown a number of e-mails, banking and financial papers that are purportedly linked to him as part of the money laundering probe.

Property documents pertaining to at least four alleged illegal assets were presented to Vadra before his statement was recorded.

The businessman, before deposing before the agency, issued a statement on social media saying he was being subjected to “sensation and unnecessary drama”.

He said he was undertaking the questioning exercise before the federal anti-money laundering agency for the 13th time “post almost 80 hours… answering any number of questions, amidst sensation and unnecessary drama around, I stay focused and calm”.

- Advertisement -

Vadra added that “blatantly and carelessly airing my health matters is not correct… but my time spent with people with worst problems, ailing, blind and orphaned kids to see them still smile, gives me the strength to go on”.

“My life is unique and I have fought for almost a decade over baseless accusations. Physically situations can change, but one’s honest mind cannot. I am determined on the truth and it is a book in the making, for the world to read and know clearly, my side…,” he said.

Vadra, during questioning, is also understood to have denied having any acquaintance with Sumit Chadha (Bhandari’s family member) and NRI businessman C C Thampi.

He is understood to have told the IO that he had no “business or personal links” with these people, who are “actively” being probed by the Enforcement Directorate (ED) in the case.

Thampi has reportedly told the ED that the London-based asset under the scanner for PMLA charges was visited by Vadra, a charge denied by the businessman during the latest session of grilling.

These details were also furnished by the ED to the court when it opposed Vadra’s anticipatory bail and prayed for his custodial interrogation.

These questions were reiterated with new facts and evidence during the latest questioning, they said.

A Delhi court on Monday allowed Vadra to travel abroad for six weeks for a checkup and obtain a second medical opinion on an ailment he is suffering from.

Vadra has appeared before the ED multiple times in connection with the case as also in another criminal money laundering case related to alleged irregularities of land allotment in Rajasthan’s Bikaner district.

In this case, the businessman appeared for the 11th time on Tuesday while in the Bikaner case, he has deposed twice before the ED at its Jaipur office.

The ED case against Vadra relates to allegations of money laundering in the purchase of a London-based property at 12, Bryanston Square worth 1.9 million GBP (British pounds), which is allegedly owned by him.

The agency had told a Delhi court that it has received information about various new properties in London which belong to Vadra. These include two houses–one worth 5 million GBP and the other valued at 4 million GBP, six other flats and more properties.

- Advertisement -

The agency, meanwhile, appointed a new IO for the case as the incumbent Rajiv Sharma is set to be promoted.


Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World


Latest News

This Week

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Former Harris County deputy constable pleads guilty to transporting drug money and heroin

A former Harris County deputy constable and her husband pleaded guilty Wednesday to charges of conspiracy to possess with intent to distribute heroin, according...

Australian court approves $920 million Westpac money laundering fine

The Federal Court of Australia has agreed on the deal struck between the Australian Transaction Reports and Analysis Centre (AUSTRAC) and Westpac, ordering the Australian...

Judge opposed dismissal of bribery charge against former Portage mayor Synder

A judge denied Thursday two motions to dismiss a soliciting bribes charge former Portage Mayor James Snyder will be retried on, according to court...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks