A top ED official said that the matter was related to the diversion of gold jewelry in the domestic sector. This gold came to be sent out of the country. In this case, the DRI i.e. Directorate of Revenue Intelligence started an investigation.
A person named Preet Kumar Aggarwal has been arrested by the Enforcement Directorate on charges of illegally selling gold jewelry made out of around 250 kg of gold/gold exported outside the country. During hawala raids in the case through ED, a large number of hawala transactions have been detected. Also, it has been learned that the accused had also bought a number of Benami properties.
A top ED official said that the matter was related to the diversion of gold jewelry in the domestic sector. This gold came to be sent out of the country. In this case, the DRI i.e. Directorate of Revenue Intelligence started an investigation. During the investigation, the DRI found that the accused involved in the case had purchased this gold from agencies such as MMTC and State Trading Corporation of India as well as Diamond Limited Pvt Ltd and sold the gold illegally to various people in the domestic sector. went.
During the investigation of the DRI, it was also claimed that the accused sold jewelry made of about two and a half kilos of gold. During the investigation, it has been found that this gold was custom duty-free. So its price was also very low. The DRI started a probe in this case by registering a case under sections 132 and 135 of the Customs Act, 1962. According to the ED’s top officer, the matter later came to the ED for investigation.
Raids in Hyderabad
The ED raided five different places in Hyderabad in this case. During this raid, the ED got many such important documents, which proved that hawala transactions have also been done on a large scale through the accused persons. During the investigation, such documents were also found which proved that the accused had bought many properties in the name of others with this money.
The Enforcement Directorate called the accused Preet Kumar Aggarwal for questioning based on the documents recovered from the raids in the case and arrested him under the Prevention of Money Laundering Act i.e. PMLA for not being satisfied with his answers during the interrogation.
According to the ED’s top officer, during interrogation, a person named Preet Kumar Aggarwal was hiding information and was trying to mislead the investigating officers for his purpose. Explain that the investigation of the case is still going on. Now the ED wants to know who went to whom the amount of this scam went and where its wires are connected.