HYDERABAD: In the case of fraudulent gold purchases registered against Musaddilal Jewellers here, the Enforcement Directorate has collected certain documents from sleuths of the central crime station in an ongoing parallel probe.
On December 7, income tax department officials lodged a complaint with the Banjara Hills police alleging fraud by Musaddilal Gems & Jewellers Pvt Ltd, Vaishnavi Bullion Pvt Ltd and Musaddilal Jewellers Pvt Ltd in the exchange of denomentised currency notes.
The IT department said that around `100 crore was deposited in the bank accounts of the three jewellery stores, using 5,200 fake purcahse receipts.
Later, the case was handed over to the central crime station of Hyderabad for further probe. During the probe, it was found that the money was deposited into two bank accounts of Musaddilal Jewellers and later split into several accounts.
“The amount was further disbursed into different bank accounts. The prime accused in the case and one of the directors of the three accused establishments, Nitin Gupta, has said that the money was paid to other establishments from which gold was purchased,” a senior police officer told Express.
“The Enforcement Directorate has also sought certain documents pertaining to the case and is doing a parallel probe to find out more about the fraudulent transactions,” the officer said. Responding to a query, the officer said that the accused was not cooperating with the investigators.