Money laundering case: ED questions Lalu Yadav's son-in-law Shailesh Kumar

Joanna Estrada
July 8, 2017

The Enforcement Directorate on Saturday conducted raids at three Delhi farmhouses of Misa Bharti, RJD MP and daughter of party chief Lalu Prasad, her husband and a firm linked to them, in a money laundering case probe. In a statement issued by ED, it has been stated, "The team today conducted raids at the Mishail Packers and Printers Pvt Ltd and its directors Shailesh and Misa Bharti in Delhi". Two more farmhouses are in the lists and may be searched later. "During the raids, incriminating documents, electronic devices including mobile phones have been recovered and seized".

Surendra Kumar Jain, Virendra Jain and Shri Rajesh Kumar Agarwal have already been arrested by the ED and are under Judicial Custody. Agrawal was arrested from Delhi for his involvement in money laundering and the black money racket.

"Jain Brothers were providing accommodation entries by accepting cash from their beneficiaries through mediators and converting the same into share premium transactions in the beneficiary company", the ED statement said.

The agency said it was detected that 1,20,000 shares of M/s Mishail Printers and Packers Private Limited were bought during 2007-08 at Rs 100 per share by four shell companies - M/s Shalini Holdings Limited, M/s Ad-Fin Capital Services (India) Pvt. Ltd. and Diamond Vinimay Pvt. Ltd. "The same shares were then bought back by Bharti at Rs 10 per share", a senior ED official told HT, adding they suspect an agricultural land in Delhi was also purchased using this money.

This money was used to purchase a plush farmhouse on Bijvasan at the throw away price of Rs 1.41 crores in 2008-09 the actual value might be somewhere above Rs 50 crores.

The IT Department action came in the wake of the May 16 searches at 22 places in and around Delhi in connection with the alleged benami property deals involving RJD chief and his children Tejashwi Yadav, Health Minister Tej Pratap Yadav and Misa Bharti.

On June 21, Income Tax (IT) officials interrogated Bharti for five hours in connection with the case.

Last month, the I-T department attached a total of 12 plots of Misa Bharti and her husband Shailesh Kumar, Deputy Chief Minister Tejaswi Yadav and ex chief minister Rabri Devi, and sisters Ragini and Chanda Yadav.

Other reports by Click Lancashire

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