Mumbai: It seems the noose is tightening around former Maharashtra minister Chchagan Bhujbal. According to Enforcement Directorate (ED) four individuals of Armstrong Energy have been summoned for questioning, summons have been issued. These individuals were initial shareholders in Singapore based company and Later Armstrong Energy invested in the Singapore based company.
ED sources add that it will summon Bhujbals if the statements of these individuals point to their culpability and ED had written to RBI regarding Bhujbal transferring money to Singapore EEFC (Export Earnings Foreign Currency) account.
The RBI has written back to ED on its query and 5 million USD (Rs 30 crores) was transferred to Singapore. The ED believes these are from the proceeds of crime. ED sources however claim that so far no evidence of Bhujbal purchasing any coal mine yet and the matter under investigation.
The High Court had on December 18, 2014, directed setting up of a Special Investigation Team (SIT) comprising ACB and Enforcement Directorate (ED) to probe 11 different allegations of irregularities relating to money laundering by
private companies run by Bhujbal, his sons and relatives.
Earlier in the Bombay High Court has directed the SIT to submit final report in money laundering probe and on partners in bogus companies in two months. It has also asked for one preliminary report on other allegations by July 20. The next hearing would be on July 22.
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