Enforcement Directorate under IPS Officer Karnal Singh Cracks Down on Moin Qureshi, Registers Money Laundering Case against Meat Exporter

• CBI Arrests Enforcement Officials at Jt. Director Level

• Case Seems as Retaliation for CBI Action against Enforcement Official in IPL Betting Case

The Enforcement Directorate (ED) has registered a money laundering case against meat exporter Moin Qureshi on 29 September. He is alleged as a conduit for 2G Money. Fingers of suspicion on two former CBI Directors and two Ministers in the erstwhile Congress Government with links to the meat exporter have been raised. With the agency filing the fresh case under the Prevention of Money Laundering Act (PMLA), proceedings against Moin in criminal prosecution. The fresh action is a stronger case since the earlier cases under Foreign Exchange Management Act (FEMA) and Income Tax Act are civil in nature. 

The I-T department’s charge sheet (also called prosecution complaint) against Qureshi in their alleged tax evasion case in a local court which ground work is being used for PMLA which falls under criminal law.

I-T department shared documents indicating hawala and alleged contravention of forex laws through the hawala route to Dubai, London and few other overseas destinations in Europe.

Moin’s assets may be attached as part of the fresh proceedings under money laundering laws. The I-T department, during its probe, had found Moin had 11 bank lockers which were in the names of his employees and associates. Over Rs 11.26 crore in cash and jewellery worth over Rs 8.35 crore were found in these lockers.

Moin is accused of laundering over $100 million across the world through his Pakistani wife Nasreen’s blood relatives and business associates.

His wife Nasreen and daughters Pernia and Sylvia Qureshi are alleged to have been used by Qureshi and the French architect Jean Louise Denoit are suspects Qureshi’s hawala transactions.

Qureshi is linked former CBI Directors Ranjit Sinha and AP Singh and former Interpol chief Ronald Noble. The Interpol Chief is also good friends of Lalit Modi and his dealings in IPL.

In April this year, Income tax department had handed over dossier to ED, giving details of his foreign accounts and his several hawala routes to amass wealth disproportionate to his income.

Retaliation of CBI Arrest of Enforcement Jt. Director in Ahmedabad

The CBI on 23rd September carried out searches at the Enforcement Directorate’s Ahmedabad branch after registering a case of alleged corruption against Joint Director J P Singh, a 2000 batch Indian Revenue Service officer of Customs and Excise wing, on the basis of a complaint received from the Directorate itself which is headed by Karnal Singh, an IPS officer. It is alleged that Rs 15 crore was handed over as bribe to Singh’s father-in-law, SKS Somvanshi , a retired IRS officer of 1978 batch, by hawala dealers and tax consultants for giving relief and extending favours to suspects in two cases probed by ED.

The ED’s Ahmedabad unit was probing two important cases - Rs 2,000 crore IPL betting scandal and Rs 5,000 crore money laundering case against alleged hawala operator Afroz Fatta in which the suspects allegedly sought favours.CBI carried out searches the ED office in Ahmedabad and residences of Singh and Additional Directors Sanjay Kumar and P S Srinivas, both ED cadre officers in Ahmedabad, and Somvanshi here in Delhi.