As per the ED probe, the Jain brothers had conspired with their associate Puneet Rungta and CA Jagdish Somani to issue bogus sale and purchase invoices that were utilised to open 1,212 Letters of Credit (LoC) with the bank consortium to avail loans.
“Our investigation into the acquisition of aircraft is at an advanced stage. We have been able to establish financial trails of money flowing into certain NGOs. These NGOs were floated by middlemen and the money came from aircraft manufacturers supplying to the Indian carriers,” a senior ED official said.
The Enforcement Directorate (ED) has registered a case of money laundering in connection with a Rs 600 crore alleged ponzi scheme in Bengaluru in which Ballari mining baron and BJP leader G Janardhana Reddy is alleged to be involved.
Mishra is presently the chief commissioner of Income Tax in Delhi. I-T department sources said he was involved in the probe against NDTV and “guided” the investigation in the National Herald case involving the Gandhi family.
New delhi, Jan 11 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy on Monday said the court will soon send summons to the ministries having documents related to the National Herald case. He informed that the court would send summons to Income Tax (IT), Enforcement Directorate (ED), Ministry of Corporate Affairs, Finance Ministry, Registrar of Companies and Delhi Development Authority (DDA) in connection with this case.