Goemkarponn Desk
DELHI: The Enforcement Directorate (ED) has seized 80 lakh in cash, various digital devices and incriminating documents in raids conducted in Delhi, Mumbai and Goa in a `18 crore fraud case allegedly committed by a tax consultancy firm.
A total of `78 lakh in Indian currency, foreign currency equivalent to `2 lakh, various digital devices and incriminating documents were seized from the residence of Ajay Harinath Singh and his associates during search operations conducted under the provisions of the Prevention of Money Laundering Act at nine locations in Delhi, Mumbai and Goa, said the agency.
ED’s Delhi zonal office conducted the search operations in the case of Dlehman Rea-IT Trade Pvt Ltd, which is a private limited company involved in legal, auditing and tax consultancy activities and is run under the directorship of Hariprasad Akaloo Paswan and Ramesh Yadav Kumar; it is controlled by Ajay Harinath Singh.
The ED initiated an investigation on the basis of a first information report registered by the Delhi police under Section 420 of the Indian Penal Code. The ED has alleged that Dlehman Rea-IT Trade Pvt Ltd and others fraudulently transferred `18 crore from the bank account of Vestige Marketing Private Limited (VMPL) into the its own accounts in 2020.
During the search operations, the ED said it was found that “by submitting a fraudulent investment agreement before the sole arbitrator and by a fake authorised representative, Md Shamshuddin, Dlehman Rea-IT Trade Pvt Ltd transferred `18 crore from the bank account of the VMPL.”
“On the same day of the above fraudulent transactions, the amounts were layered into multiple bank accounts of the Darwin Group of Companies and the personal bank accounts of the family members and some close associates of Ajay Harinath Singh,” said the ED in a statement.
It was further revealed that the directors of Dlehman Rea-IT Trade Pvt Ltd namely Hariprasad Akaloo Paswan and Ramesh Yadav Kumar were dummy directors and the entire transactional benefit was reaped by the Darwin Group of Companies owned by Ajay Harinath Singh.
