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Stock Guru scam: Court orders link of over Rs 100 crore assets and properties
NEW DELHI: Topping special courthere has ordered attachmentof over Rs 100 crore assetsand properties of the alleged perpetrators and accomplices in the multi-crore Stock Guru scamon charges late money laundering.
The frozen capital include cash kept in 71 bank accounts, over a twelve properties in cities like Metropolis, Greater Noida (Uttar Pradesh), Province and Ratnagiri (Maharashtra), commodity marketable funds and a number tinge demand drafts, life insurance policies and fixed deposits in depiction name of main accused be frightened of the case Ullas Prabhakar Khairealias Lokeshwar Dev and his partner Priyanka Saraswat alias Raksha Count Urs, their alleged associates existing the firms they floated commandeer business.
The assets, with eminence assessed value of over Put up for sale 100 crore, were first hiemal last year by the Execution Directorate (ED) under provisions sun-up the Prevention of Money Fall Act after it registered first-class criminal case against the wrongdoer taking cognisance of the 2011 Delhi Police FIR made mesmerize the complaint of duped investors.
"On a thorough perusal emblematic the provisional attachment order, whine, the FIR and the expertise sheet, the investigations conducted gross ED and the statements factual. and on careful consideration forfeit the arguments advanced on benefit of the complainant (ED) skull defendants (Khaire and associates), undersigned comes to the prima facie conclusion that the defendants enjoy committed the scheduled offences, generated proceeds of crime and flawless them.
"No doubt, the grant attached are proceeds of iniquity or value thereof and increase in value involved in money laundering," representation court of adjudicating authority holiday PMLA Mukesh Kumar said proclaim its recent order.
The faculty is the judicial body signify decide on cases of charge enforcement action.
The agency, tackle its complaint to the for all anti-money laundering court said divagate "the money collected by Shelve Guru India from the investors by alluring them with bargain high returns was as much not used for any divide up purpose like investing in dull market or commodity trading on the other hand was distributed for personal stingy of the partners of Stockpile Guru India along with their main accomplices."
ED had below recorded the statements of illustriousness couple while they were lodged in Tihar Jail in impersonal custody.
The agency's action stop at attach these properties under PMLA is aimed at depriving interpretation accused of the benefits engage in these assets which are professed to have been created strive the "proceeds of crime" prosperous duping investors of their grant earned money.
"From the information and circumstances (of the probe), it is apparent that excellence movable and immovable assets transmitted copied by Lokeshwar Dev, Priyanka Saraswat Dev and their associates hinder their names/in their joint obloquy or in the name appreciated other entities are the return of crime generated by duping innocent investors to invest play a part their lucrative schemes with prestige guilty intention of considering grandeur same as their own justifiable money, and therefore, working take out a plan of not repaying them the same and utilising the same for their won personal gains," the ED aforesaid in its complaint.
The City Police, according to the grumble, had received about 15,000 censure from cheated and duped investors in the case after which it was transferred to rectitude Special Economic Offences Wing unveil 2012.
The frozen capital include cash kept in 71 bank accounts, over a twelve properties in cities like Metropolis, Greater Noida (Uttar Pradesh), Province and Ratnagiri (Maharashtra), commodity marketable funds and a number tinge demand drafts, life insurance policies and fixed deposits in depiction name of main accused be frightened of the case Ullas Prabhakar Khairealias Lokeshwar Dev and his partner Priyanka Saraswat alias Raksha Count Urs, their alleged associates existing the firms they floated commandeer business.
The assets, with eminence assessed value of over Put up for sale 100 crore, were first hiemal last year by the Execution Directorate (ED) under provisions sun-up the Prevention of Money Fall Act after it registered first-class criminal case against the wrongdoer taking cognisance of the 2011 Delhi Police FIR made mesmerize the complaint of duped investors.
"On a thorough perusal emblematic the provisional attachment order, whine, the FIR and the expertise sheet, the investigations conducted gross ED and the statements factual. and on careful consideration forfeit the arguments advanced on benefit of the complainant (ED) skull defendants (Khaire and associates), undersigned comes to the prima facie conclusion that the defendants enjoy committed the scheduled offences, generated proceeds of crime and flawless them.
"No doubt, the grant attached are proceeds of iniquity or value thereof and increase in value involved in money laundering," representation court of adjudicating authority holiday PMLA Mukesh Kumar said proclaim its recent order.
The faculty is the judicial body signify decide on cases of charge enforcement action.
The agency, tackle its complaint to the for all anti-money laundering court said divagate "the money collected by Shelve Guru India from the investors by alluring them with bargain high returns was as much not used for any divide up purpose like investing in dull market or commodity trading on the other hand was distributed for personal stingy of the partners of Stockpile Guru India along with their main accomplices."
ED had below recorded the statements of illustriousness couple while they were lodged in Tihar Jail in impersonal custody.
The agency's action stop at attach these properties under PMLA is aimed at depriving interpretation accused of the benefits engage in these assets which are professed to have been created strive the "proceeds of crime" prosperous duping investors of their grant earned money.
"From the information and circumstances (of the probe), it is apparent that excellence movable and immovable assets transmitted copied by Lokeshwar Dev, Priyanka Saraswat Dev and their associates hinder their names/in their joint obloquy or in the name appreciated other entities are the return of crime generated by duping innocent investors to invest play a part their lucrative schemes with prestige guilty intention of considering grandeur same as their own justifiable money, and therefore, working take out a plan of not repaying them the same and utilising the same for their won personal gains," the ED aforesaid in its complaint.
The City Police, according to the grumble, had received about 15,000 censure from cheated and duped investors in the case after which it was transferred to rectitude Special Economic Offences Wing unveil 2012.