Sivasankar knowingly assisted Swapna in layering and usage of proceeds of crime, says ED
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The company even suspects that the proceeds of the crime, which was seized by NIA from the protected lockers of Swapna, might belong to Sivasankar.
The Enforcement Directorate (ED) believes that “Sivasankar has knowingly assisted Swapna in layering and usage of proceeds of the crime on the pretext of untainted money” contemplating the supplies it has gathered in the case.
The company made these revelations in a press release, which was filed earlier than the Principal Sessions Court, which can be the Special Court for making an attempt offences underneath the Prevention of Money Laundering Act.
The ED even suspects that the proceeds of the crime, which was seized by National Investigation Agency (NIA) from the protected lockers of Swapna, might belong to Mr. Sivasankar. Mr. Sivasankar had an curiosity in the funds of Swapna, it submitted.
The NIA had seized round ₹1 crore from the financial institution lockers of Swapna, that are the proceeds of the crime. The proceeds of the crime have been generated by Swapna with the lively assist of Mr. Sivasankar. The accused remained evasive and non-cooperative when confronted with these details, the ED submitted.
During the investigation, in line with the company, it was revealed that Mr. Sivasankar was concerned in the fee of the offence. The Whatsapp chats between Mr. Sivasankar and Swapna revealed that she had requested Mr. Sivasankar to intervene with the terminal supervisor/airport authortiers/Customs for some work on the airport/clearance of diplomatic baggage with out Customs examination.
The chartered accountant, P Venugopal, had admitted that Mr. Sivasankar needed to handle the funds of Swapna and Mr. Venugopal had submitted the Whatsapp chats to that impact, it acknowledged.
The company submitted that Mr. Sivasankar had accepted that he had spoken to a senior Customs officer and made the request as per the needs of Swapna, which clearly confirmed his lively involvement and data in regards to the offences dedicated by Swapna. In reality, Mr. Sivasankar had additionally spoken/despatched messages to an sofficer in April 2019 for the clearance of some diplomatic baggage, which was to be examined by the Customs authorities, it acknowledged.
Mr. Sivasankar made the decision following a determined request made by Swapna. Though Mr. Sivasankar had denied making the decision, the ED stated, it was in possession of the Whataspp messages between him and Swapna, which indicated that he had intervened for the cleareave of the diplomatic baggage as newest as April 2019.
The evaluation of the evidences gathered and the statements of varied individuals, clearly established that he was responsible of the act of cash laundering as outlined underneath Section 3 of the Prevention of Money Laundering Act, the ED submitted.
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