ED questions V K Singh’s ex-aide in money laundering case

A former defence contractor had allegedly supplied false documents relating to contracts for supplying tents for Assam Rifles at the time of applying for the loan.

By: Express News Service | New Delhi | Updated: October 13, 2016 10:51 am
Enforcement directorate, Enforcement directorate general VK singh, VK singh, prevention of money laundering act, money laundering, loan, fraud, money laundering, cheating, VK singh aide, India news Shambhu had earlier been named political attache to V K Singh for Ghaziabad, the former Army chief’s Lok Sabha constituency. (Source: File Photo)

THE ENFORCEMENT Directorate (ED) Wednesday questioned a former aide of Union minister V K Singh and recorded his statement under the Prevention of Money Laundering Act (PMLA) for allegedly defaulting on a bank loan of approximately Rs 30 crore and providing bogus documents while securing the loan.

A former defence contractor, Shambhu Prasad Singh had allegedly supplied false documents relating to contracts for supplying tents for Assam Rifles at the time of applying for the loan, a source in ED said, and confirmed that he was questioned today.

Shambhu had earlier been named political attache to V K Singh for Ghaziabad, the former Army chief’s Lok Sabha constituency.

In April last year, the ED had registered a PMLA case against Shambhu and others for alleged financial irregularities in supply of prefabricated shelters.

The ED case was based on an FIR registered by CBI in October 2014 against unknown officials of Cabinet Secretariat and Special Frontier Force (SFF) and three directors of a private firm — Sai Baba Builders and Consultants —linked to Shambhu, for allegedly repeatedly showing undue favours in supply of prefabricated shelters to SFF. It is estimated to have resulted in an undue gain of Rs 21.6 crore for suppliers .

While CBI had only named three directors of the firm — Shambu’s wife Manjari, Shyam Sunder Bhatter and J P N Singh in the FIR — the agency’s officials had said Shambhu was “very much under the scanner”.

The CBI’s allegations pertained to tweaking of tender conditions, cartelisation of firms bidding for the contracts, supplying forged documents to secure contracts and not providing bank guarantees.

The irregularities were alleged to have taken place between 2009 and 2013, with contracts worth Rs 3.96 crore secured by the firm between 2009 and 2011 and contracts worth Rs 17.6 crore from 2010 to 2013.

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  1. J
    jai hind
    Oct 13, 2016 at 2:05 am
    Not surprising that another "alleged scam" is being leaked as the UP elections are round the corner .. this has been the modus opei of the BJP for all the polls since 2014 ... By the way what has happened to all those alleged scams leaked before this ?
    Reply
    1. M
      Mayur Panghaal
      Oct 13, 2016 at 3:45 am
      Lately there ws another blow up in face of vk singh when his wife alleged that someone was black mailing her for 1 crore on basis of some recordings he had of her.lt;br/gt;Point is...if youve not done anything why shd you be worried abt anyone saying anything ?lt;br/gt;Daal me kuch kala hai
      Reply
      1. M
        Mayur Panghaal
        Oct 13, 2016 at 3:41 am
        VK Singh paid 1.19 cr cash to ghulam mir (who was pdp min in abdullah govt) to help engineer dismissal of the govt.At aby the same time disturbances over koran desecration were fomented and people were killed.When caught,vk singh claimed every govt did it since independence.lt;br/gt;Not only this...he funded NGOs in Kashmir to file cases agst gen bikram singh to prevent him from becoming Chief.Then he filed affidavit abt his age to become chief of army.When it came time for retirement,he filed case agst army for mere 9 more months of service.He withdrew case when SC warned him if strict action.lt;br/gt;He then tried to raise bribery allegations to try and blackmail govt into relenting on the age issue and dragged ak antony into it.lt;br/gt;Then there was his TSD unit which was involved in all sorts of financial hanky panky.Claiming 8 crores of funds as part of covert ops in enemy territory without giving accounts or proof.lt;br/gt;Those who ignore history are condemned to repeat it.
        Reply
        1. W
          WF CRASTO
          Oct 13, 2016 at 7:06 am
          VK Singh your time is very close, if BJP don't stop the investigation.
          Reply