The Enforcement Directorate (ED) on Wednesday recovered more cash during ongoing raids in connection with illegal sand mining case of Punjab. The ED team conducted raids in Pathankot and in other areas.
"We have recovered around Rs 10 crore cash so far. The team has also found few documents which connect Bhupinder Singh Honey with shell companies," said a source.
The sources in ED have claimed that Bhupinder Singh Honey has alleged connection with sand mafia in Punjab. The ED has recovered a few documents during raid on Wednesday. A source said that the documents recovered by them have confirmed that Kudratdeep was running two firms and Bhupinder was joint director in them. The firms are basically shell companies but ED has found a lot of money transactions.
The ED had on Tuesday recovered Rs 6 crore cash during the raids.
About Rs 4 crore was recovered from the house of Bhupinder singh Honey, the nephew of Punjab CM Charanjit Singh Channi. And Rs two crore was recovered from the house of one Sandeep Kumar.
On Tuesday, the raids were conducted by the ED at more than ten locations including Honey's home.
On Wednesday, the ED team again started conducting raids in Punjab. The ED official were tight lipped over the raids.
As of now they have not shown any arrest in the case.
This is a two years old FIR on the basis of which the Enforcement Directorate (ED) conducted raids at ten different locations including one belonging to Punjab Chief Minster Charanjit Channi's nephew Bhupinder Singh Honey.
Punjab Police had on March 7, 2018, lodged a case against more than ten accused. The ED initiated a money laundering probe on the basis of this FIR.
The FIR has been accessed by IANS which was filed under several sections of the IPC.The ED found that money was being laundered by the accused involved in the case and they started probing the matter.
The ED team that started raids at different premises including of residence of Bhupinder Singh Honey which is at Homeland Heights on Tuesday morning, went on till late Tuesday evening.
--IANS
atk/skp/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU