Bhupinder Singh Honey, nephew of Punjab CM Channi arrested by ED in connection with money laundering case
Punjab Chief Minister Charanjit Singh Channi’s nephew Bhupinder Singh Honey was arrested by the Enforcement Directorate (ED) in connection with a Money Laundering case pertaining to illegal mining in Punjab.
Earlier, on January 18, the agency had raided ten different locations, including Homeland Heights which is the residence of Honey, and had seized about Rs.8 crore cash and “incriminating” documents. Property belonging to a few others was also raided then.
Honey was questioned for the entire day, after which the ED arrested him. He was summoned by the ED for the second time on Thursday, an official said.
Honey was earlier summoned by the ED on January 23 for investigation, but he skipped the first summons on health issues and did not present himself in front of the investigating officials. Honey informed the ED officials that he was Covid positive and was unable to join the probe.
Honey was asked to appear before the ED’s zonal office in Jalandhar. He had to record his statement in connection with the ongoing probe.
The ED officials had recorded the statement of Kudrat Deep Singh, the business partner of Honey.
The ED official had said that they seized incriminating documents pertaining to illegal sand mining, property transactions, cell phones, gold worth above Rs.21 lakh and a watch worth Rs.12 lakh, and cash Rs.10 crore during the raid.
A source said that the documents recovered by them have confirmed that Kudrat Deep Singh was running two firms and Bhupinder Singh Honey was a joint director in them.
As per sources, the firms are basically shell companies, but ED has found a lot of money transactions. One of the firms is Provider Overseas Consultancy Limited, which was incorporated in 2018 with 33.33 percent equal shares.
The ED case is on the basis of a two-year-old FIR under several sections of IPC. The Punjab Police had on March 7, 2018, lodged a case against more than ten accused.
The ED initiated a money laundering probe on the basis of this FIR pertaining to illegal sand mining in Punjab in November last year. Bhupinder Singh Honey was not named in the Punjab Police’s FIR and Kudrat Deep Singh was given a clean chit in the matter.
The ED found that money was being laundered by the accused involved in the case and they started probing the matter.
[With Inputs from IANS]
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