CBI charge sheets Fixer-cum-Editor Upendra Rai for fake documents & suspicious transactions above Rs.100 crores in a year

Upendra Rai charge-sheeted by the CBI for fake documents and suspicious transactions of over Rs.100 crores in a year

Upendra Rai charge-sheeted by the CBI for fake documents and suspicious transactions of over Rs.100 crores in a year
Upendra Rai charge-sheeted by the CBI for fake documents and suspicious transactions of over Rs.100 crores in a year
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The Fixer-cum-Editor Upendra Rai was charge-sheeted by the Central Bureau of Investigation (CBI) in its first case for obtaining the sensitive Airport Entry Pass (AEP) using fake documents and for huge transactions of above Rs.100 crores ($14.6 million) just during the period 2017-2018 from un-explainable sources. CBI is set to file another charge sheet against Upendra Rai for blackmailing and extorting Rs.15 crores ($2.2 million) from a real estate firm for not publishing the news report and promising to settle the cases with highly placed Income Tax officials. The Enforcement Directorate (ED) is also expected to file a charge sheet against this notorious extortionist working in the garb of a journalist for money laundering of more than Rs. 100 crores.

PGurus has written a detailed article about the huge assets and fleet of vehicles and posh homes across India and abroad of Upendra Rai amassed through the extortion using the garb of journalism[2].

The charge sheet was filed by the CBI on August 1 against Upendra Rai, who was arrested by the agency for his involvement in dubious financial transactions. Rai is presently cooling his heels in Tihar prison from May 3 onwards.  The charge sheet, filed before the Special CBI Judge Santosh Snehi Mann, also named Assistant Director, Bureau of Civil Aviation Security, Rahul Rathore, Chairman-cum-Managing Director – Air One Aviation Alok Sharma, and an aviation firm as accused. The court will take cognizance of the charge sheet on 6 August.

The CBI had arrested him on May 3rd, for indulging in dubious financial transactions and getting an airport access pass made by the Bureau of Civil Aviation Security by furnishing false information. Interestingly, Upendra Rai was also holding the Press Information Bureau’s (PIB) Accreditation Card in the Editor Category, claiming himself as a full time journalist. He was Editor-in-Chief of Shara Group’s media organisations and Tehelka Magazine and is currently running a portal that goes by the name Print Line.

In its charge sheet, the agency said that going by the value of the transactions of over Rs.1 lakh each during 2017, Rai’s accounts received Rs.79 crores, while Rs.78.51 crores was debited from it during the same period. The ED had arrested him in a money laundering case, related to alleged extortion and dubious financial transactions, registered on the basis of the CBI First Information Report (FIR).

In the name of his extortionist website called as Print Line, Upendra Rai had threatened a real estate company White Lion’s owner Balwinder Singh Malhotra. Showing Income Tax documents, Rai told Malhotra to pay Rs.15 crores to avoid adverse reporting and also promised to settle the Income Tax case[1]. As per Malhotra’s complaint, CBI had registered a second FIR against Upendra Rai and is expected to file a charge sheet soon.

PGurus has written a detailed article about the huge assets and fleet of vehicles and posh homes across India and abroad of Upendra Rai amassed through the extortion using the garb of journalism[2]. Upendra Rai, who claims to be only 36 years of age is having two flats in Mumbai, one in Hazratganj in Lucknow, one in Pune and a huge bungalow in his village and a flat in London purchased along with Sandeep Wadhwa of the tainted Sahara group. He is also having a big bungalow worth Rs.30 crores in Delhi, Greater Kailash – 1.

Upendra Rai also owns flat worth Rs.10 crores ($1.48 million) in Asha Deep Building, Flat No 801, 9, Hailey Road, New Delhi which was bought from Naresh Prasad Sareen and Madhu Sareen for an amount of Rs.6.5 crores.

The tainted journalist cum extortionist is having a Maybach car worth Rs.4.5 crores ($0.7 million). Upendra Rai also has an Audi 6 bearing registration number DL 3CCN 6148 worth Rs.70 lakhs, a Toyota Innova Crysta (DL3CCN 1915) worth Rs.25 lakhs,  Maruti SX4 (DL9CX 3081) worth Rs.11 lakhs, and a Honda Accord (DL3CBA 5300) worth Rs.26 lakhs – all registered in his name.
Note:
1. The conversion rate used in this article is 1 USD = 68.54 Rupees.

References:

[1] CBI takes custody of Editor-cum-Fixer Upendra Rai for extorting Rs.15 crores from a real estate firmJul 16, 2018, PGurus.com

[2] More details of huge illegal assets & money laundering of Chidambaram’s benami petitioner Upendra RaiApr 22, 2018, PGurus.com

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