Tribune News Service
New Delhi, July 23
The Enforcement Directorate (ED) on Thursday mentioned it has summoned a Rajasthan-based businessman, who’s already below scanner for FEMA violation, in reference to its cash laundering probe within the Yes Bank case.
Officials within the ED mentioned, Raman Kant Sharma, who’s already being investigated by the probe company on prices of alleged violation of foreign exchange legal guidelines associated to remittance of over Rs 96 crore from Mauritius, has been summoned to seem earlier than the company within the Yes Bank cash laundering case. A separate summon has additionally been served to him below the Foreign Exchange Management Act (FEMA) for questioning, they added.
In the FEMA violation case Sharma’s alleged enterprise hyperlinks with Vaibhav Gehlot, the son of Rajasthan chief minister Ashok Gehlot, is below scanner, as the 2 had allegedly partnered in a automotive rental firm, the officers mentioned.
The officers mentioned, Sharma has been requested to depose earlier than the investigating officer of the case in Mumbai on July 27 in reference to its Yes Bank cash laundering probe. They mentioned Yes Bank had given a mortgage amounting to Rs 168-crore to Triton Hotels and Resorts by which Sharma is a promoter share-holder.
On his deposition earlier than the Investigating Officer his assertion can be recorded below the Prevention of Money Laundering Act (PMLA) within the Yes Bank case, which is able to assist investigators to know how the resort group was prolonged the financial institution mortgage, the officers mentioned.
The ED arrested Yes Bank co-founder Rana Kapoor on this case in March together with the Wadhawan brothers, Kapil and Dheeraj Wadhawan, of DHFL, as they’ve been accused of laundering proceeds of crime, which is price Rs 4,300 crore by the use of alleged kickbacks in lieu of extending large loans that later become non-performing belongings (NPA).