Hyderabad: An afternoon after officers from the Enforcement Directorate (ED) filed a prosecution grievance in opposition to Sanjay Agarwal, the managing spouse of Ghanshyamdas Gem stones and Jewels, in a cash laundering case, the company intensified its probe to seem into unlawful finances that had been diverted to overseas international locations by means of him.

He no longer best travelled out of the country on a faux passport but in addition opened a brand new retailer within the title of his worker Avinash Soni and diverted finances got via financial institution loans.

 

The company officers will search to grasp from the place Soni had gained cash to arrange a gold outlet. On getting permission from the courtroom, the ED will prosecute Agarwal.

Circumstances registered in opposition to Sanjay Agarwal

October 19, 201: The CBI, Financial institution Safety and Fraud Cellular (BS&FC), Bangalore registered instances in opposition to Ghanshyamdas Gem stones and Jewels and its companions for fraudulently inducing SBI into liberating 250 KG of steel gold at the energy of cast financial institution promises submitted by means of Sanjay Agarwal, purportedly issued by means of Punjab Nationwide Financial institution (PNB).

 

April 6, 2018: DRI officers arrested Agarwal in Kolkata airport whilst he was once looking to smuggle gold to Hyderabad.

February 11, 2022: ED officers arrested Agarwal and hooked up 9 immovable homes, belonging to him, his members of the family and benamis.

April 13, 2022: ED officers issued a provisional attachment order and filed a prosecution grievance ahead of the courtroom for financial institution fraud and different instances.

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