By Divyesh Singh: The Enforcement Directorate has submitted a chargesheet in the Maharashtra State Cooperative (MSC) Bank case. According to the details, the chargesheet mentioned the names of two business entities and a CA. The two entities that are mentioned in the chargesheet are Guru Commodity Services Ltd, Jarandeshwar Sugar Mills Pvt Ltd. Yogesh Bagrecha, who is said to be a chartered accountant, has also been mentioned in the ED chargesheet.
ED officials in 2021 had said that company-linked NCP leader Ajit Pawar and his wife had majority holding in the firm holding majority shares in the sugar mill. The chargesheet hasn’t named Pawar and his wife Sunetra.
WHAT IS IN ED CHARGESHEET
As per the chargesheet, the directors of Jarandeshwar Sugar Mills Pvt. Ltd, Guru Commodity Services Pvt. Ltd have influenced officials of MSCB to do functions as per their wishes. The facts mentioned above clearly establish that directors of the above-mentioned companies have directly indulged in the acquisition, possession and use of proceeds of crime in an illegal manner at a throwaway price.
From the investigation and evidence gathered, it is revealed that the accused committed the offence of money laundering as defined under Section 3 and/or Section 70 of the act and they are liable to be prosecuted and punished under Section 4 of the act and the attached properties vide the provisional attachment orders are liable to be confiscated in terms of Section 8 (5) of the act.
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Till now, no chargesheet has been filed by the predicate agency. Accordingly, further investigation is going on to identify the real beneficiaries of the company Jarandeshwar Sugar Mills Pvt. Ltd. The ownership and shareholding pattern of Jarandeshwar Sugar Mills Pvt. Ltd. has changed a number of times in due course of time. The relationship between Jarandeshwar Sugar Mills Pvt. Ltd. and Guru Commodity Services Pvt. Ltd is also being investigated, read the chargesheet.
It further added that Jarandeshwar Sugar Mills Pvt. Ltd. has taken a loan of Rs 826 crores by leasing the assets of Guru Commodity Services Pvt. Ltd. The scrutiny of the utilisation of the loan amount of Rs 826 crore is also being carried out. Further, the connivance between the officials of MSCB, Guru Commodity Services Pvt. Ltd. and Jarandeshwar Sugar Mills Pvt. Ltd. is also being investigated.
The investigation into specific roles and activities of various other persons suspected to be involved in the offence of money laundering is likely to take more time, said the ED.
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