As part of its probe into suspected foreign exchange violations in the funds received by Ananda Heritage Hotels Private Limited (AHHPL), a company controlled by Lalit Modi, the Enforcement Directorate (ED) has issued summons to former directors of the firm, sources said.
According to ED sources, one of the company’s directors – Anoop Bartaria – was questioned by the ED on March 16, and summons have now been issued to two former directors of AHHPL, Sajjan Modi and Satya Narayan.
The ED is probing whether there were any violations of the Foreign Exchange Management Act (FEMA) in routing of Rs 21 crore from a Mauritius-based company, Wilton Investment Limited, to Rajasthan-based AHHPL, in which Modi and his wife Minal were appointed directors on September 18, 2007. Anoop Bartaria was appointed the third director in the company on August 30, 2014.
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The ED opened a preliminary probe into the matter in October 2014, and is already believed to have recorded the statements of some employees of the company and scrutinised its bank records.
Earlier this year, the ED had clarified before the Delhi High Court that it was probing alleged FEMA violations in the case, after the court struck down a criminal probe under the Prevention of Money Laundering Act.
As part of its ongoing probe, the ED has reportedly found that a part of the Rs 21 crore, that AHHPL received from Mauritius, was paid to Niyant Heritage Hotels Pvt Ltd (NHHPL), a firm owned by Rajasthan CM Vasundhara Raje’s son Dushyant Singh — a BJP MP from Jhalawar-Baran — and his wife Niharika.
According to sources, NHHPL allegedly received a total of Rs 11.63 crore from AHHPL, first in the form of an unsecured loan of Rs.3.8 crore in April 2008 and later by purchase of 815 shares of NHHPL in two tranches. AHHPL allegedly acquired NHHPL shares of Rs 10 at a premium of Rs 96,180 each. The ED is probing whether the unsecured loan and acquisition of shares was irregular, sources said.