Goa: Enforcement Directorate (ED) has filed a prosecution complaint against three persons in reference to a money laundering case in Goa.
The company filed the fees against Sunil Kumar, Ankit Kumar, Synthia Durbhatkar Jain and M/s Sanatan Financers & Real Estate Pvt. Ltd. earlier than the Special Court (PMLA), Mapusa in the dishonest case.
ED initiated an investigation on the idea of FIRs registered by Goa Police against M/s Sanatan Financers & Real Estates Pvt Ltd., Ankit Kumar and Sunil Kumar on the complaints lodged by many international nationals.
The investigation revealed that the duo had acquired money to the tune of Rs 7.73 crore from many international nationals by way of Foreign Direct Investment (FDI) route in the accounts of assorted shell corporations fashioned by them.
Thereafter, the money was laundered by way of varied shell corporations and credited in the financial institution accounts of M/s Sanatan Financers & Real Estates Pvt Ltd. and used for the development of flats and villas in their challenge named “Peace Valley” at Quepem, Goa.
Foreign nationals have been induced to speculate in shell corporations fashioned by the accused for buy of flats and villas in the challenge. However, the possession of stated flats and villas was by no means transferred to the patrons.
ED had provisionally connected a complete 72 flats and villas located at 172/1, Peace Valley, Goa and financial institution balances belonging to M/s Sanatan Financers & Real Estates Pvt. Ltd. discovered to be concerned in money laundering.
Earlier, Ankit Kumar was arrested by ED in the case and searches have been additionally carried out on the premises of M/s Sanatan Financers & Real Estates Pvt. Ltd.
