Delhi Excise Policy scam: Proceeds of Crime generated through credit notes, hawala channel, and direct kickbacks
The Enforcement Directorate‘s (ED) ongoing probe into the Delhi Excise Policy scam has revealed that former deputy chief minister Manish Sisodia had allegedly generated Rs.622.67 crore Proceeds of Crime (POC) through different modus operandi, sources said. It has also been revealed that Sisodia had used 43 SIM cards in 14 different mobile phones in connection to the scam.
The ED further alleged that Sisodia facilitated the formation of a special-purpose vehicle to create a recoupment apparatus. The ED sources said the POC was generated through credit notes, the hawala channel, and direct kickbacks.
It has also been alleged that he destroyed the phones to hinder the investigation and erase evidence.
The sources claimed that out of 43 SIM cards, the ED probe revealed that the only five were issued in the AAP leader’s name or were owned by him. The ED sources said that Sisodia had been using an iPhone 13 Max Pro for 11 months, but destroyed it soon after the L-G’s order.
The ED after thoroughly probing the matter they have filed a watertight chargesheet. The ED is also likely to file their fifth chargesheet in the coming days.
“Rs.100 crore kickbacks were paid by the South Group to Vijay Nair. Indospirits acquired an L1 License with the help of Sisodia and Nair, it made a proft of Rs.192.8 crore which is POC. The outstanding payments of three entities controlled by Sarath Reddy, Trident Chemphar, Avantika Contractors and Organomix Ecosystems towards Indospirits is Rs.60 crore. This outstanding payment is POC. Excess Credit Notes of Rs.4.35 crore were issued by Indospirits, profits of Rs.163.5 crore were accrued by Pernod Ricard, this firm formed a super cartel with the South Group and further accrued a profit of Rs.45.77 crore, these are all deemed as POC,” the sources said.
They said the ED further learned that the South Group infused excess cash Rs.41.13 crore into the account of entities belonging to Sarath Reddy. It was nothing but an illegal way to recouping the kickbacks.
When questioned, the finance team failed to provide any satisfactory reason to the ED.
The ED has alleged that apart from this through misuse of Punjab government’s machinery and arm-twisting Mahadev Liquors, two firms — Shiv Associates and Diwan Spirits — accrued a profit of Rs.8.02 crore, accused Amit Arora paid a bribe of Rs.2 crore to Sisodia through Dinesh Arora and bribe of Rs.4.9 crore given by Aman Dhall through an excess credit note, which it nothing but POC.
“If we add up all the POC, it will turn out to be Rs.622.67 crore. We have termed the whole amount as POC,” said the sources.
[With Inputs from IANS]
PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views
For all the latest updates, download PGurus App.
- Khalistani terrorist Pannun plans to create ‘democratic republic of Urduistan’ to separate Kashmir from India - September 25, 2023
- Hydrogen fuel cell powered bus launched as domestic demand expected to rise 4 times - September 25, 2023
- Meta working on generative AI chatbots for younger users; launch expected this week: Report - September 25, 2023