Editor–cum-Extortionist Upendra Rai is facing the music of law now. The Delhi Metropolitan Magistrate’s Court on Saturday granted the Enforcement Directorate (ED) seven days custody of Upendra Rai in a money laundering case related to extortion and dubious financial transactions.
Rai was arrested under the Prevention of Money Laundering Act (PMLA) at the Tihar jail here last evening, moments after he secured bail in CBI case related to the current matter
Upendra Rai was arrested by the ED on Friday after he got bail after spending 40 days in prison in the Central Bureau of Investigation (CBI)’s case. CBI arrested him on May 3 for perjury of documents to get the sensitive Airport Entry Pass and for huge transactions of money into his accounts. During 2017-2018, Upendra Rai’s accounts witnessed a flow of more than Rs.100 crores. CBI also registered another case against him for extorting more than Rs.15 crores from a Mumbai based businessman. Following this ED also registered cases against Upendra Rai under Prevention of Money Laundering Act.
Metropolitan Magistrate Dharmender Singh granted the remand to the ED, which had sought his custody for 14 days to question him about the alleged wrongdoings. Special Public Prosecutors N K Matta and Nitesh Rana, appearing for the ED, told the court that the accused was extorting money from various persons citing he had information against them as he was a journalist. A huge amount involving hundreds of crores of rupees was extorted, they alleged.
Rai was arrested under the Prevention of Money Laundering Act (PMLA) at the Tihar jail here last evening, moments after he secured bail in CBI case related to the current matter. In the application moved through advocate A R Aditya, the agency said that a number of documents, both in hard copies as well as in pen drives, have been recovered and Rai was required to be confronted with them.
The agency told the court that Rai frequently traveled abroad to park his ill-gotten money and his custodial interrogation was required to unearth the larger conspiracy. For the past two decades, Upendra Rai who was Editor of Sahara Group of publications and Tehelka magazine was engaged in nefarious activities. He was so close to many political leaders including tainted Finance Minister P Chidambaram and former Union Minister and cricket administrator Rajiv Shukla.
PGurus have published a series of articles about his ill gotten wealth by misusing journalism.
 More details of huge illegal assets and money laundering of Chidambaram’s benami petitioner Upendra Rai – Apr 22, 2018, PGurus.com
- Delhi HC grants bail to 2 accused in more than Rs.250 crore cheating in taxi app fraud case - January 18, 2022
- Supreme Court directs Supertech to enter into a contract within a week with the firm to demolish 40 storey twin-towers - January 17, 2022
- Delhi HC tells Centre to clarify its stand on marital rape criminalization. Centre seeks time to formulate a “considered stand” - January 17, 2022