ED attaches Rs 21 cr assets of arms dealer Sanjay Bhandari

This is the first attachment of assets order issued by the central probe agency under the Prevention of Money Laundering Act.

Published: 01st June 2017 06:13 PM  |   Last Updated: 02nd June 2017 05:34 AM   |  A+A-

Arms dealer Sanjay Bhandari

By Express News Service

NEW DELHI: The Enforcement Directorate on Thursday attached assets worth Rs 21 crore belonging to controversial arms dealer, Sanjay Bhandari, in an ongoing money laundering probe against him. “This is the first attachment in the Black Money (Undisclosed Foreign Income and Assets) case,” the Enforcement Directorate said in a statement.         

The agency attached Bhandari’s assets under the new anti-black money law, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, notified by the Centre last year to impound the offshore properties and funds of suspected money launderers.

Earlier, the Income Tax Department had booked Bhandari under the Act. The new law stipulates a fine amounting to 120 per cent of the value of undisclosed foreign assets and income, besides a jail term of 10 years. The Enforcement Directorate had booked Bhandari under the Prevention of Money Laundering Act (PMLA) in February. Bhandari is separately being probed by the Delhi Police for violation of the Official Secrets Act.

Bhandari’s case first came to light after the I-T department conducted searches against him in April last year and recovered certain “sensitive” official defence documents from his premises. As part of these raids, the taxman is also said to have recovered certain e-mails that talk about renovation of a costly apartment in London in 2010 which was allegedly owned by Robert Vadra, son-in-law of Congress president Sonia Gandhi. Vadra’s legal firm has denied that he owned the London property. (With PTI inputs)

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp