NEW DELHI: The ED has filed its first charge sheet in money laundering cases resulting from demonetisation against officials of an Axis bank branch here and others for alleged illegal conversion of scrapped currency notes.
The agency filed the charge sheet, called prosecution complaint in the Enforcement Directorate (ED) parlance, before a special Prevention of Money Laundering Act court here yesterday.
The agency has named two bank officials, working at the Kashmere Gate branch here, Vineet Gupta (Branch head) and Shobhit Sinha (Operations head) who with “active connivance” of a private person Rajeev S Kushwaha deposited “huge amount of demonetised currency to the tune of Rs 40 crore of various firms and companies run by Kushwaha for a huge commission and converted it into monetised form like RTGS transfers and gold.”
The case was first detected by Delhi Police after it intercepted three persons with about Rs 3.7 crore cash in old notes in front of the Axis Bank branch in November last year. The ED took cognisance of the police FIR and slapped money laundering charges against the accused. (AGENCIES)