'Kripa's family invested in commodity market, loaned money'

The Mumbai police have said that former Maharashtra minister Kripashankar Singh and his family members willingly incurred losses by investing in commodities and providing unsecured loans to some Bollywood personalities, including Salman Khan, to "regularise" their ill-gotten money.
Police said this in an investigation report filed in the special court for anti-corruption cases here along with the charge sheet in the disproportionate assets case against the state Congress leader and his family.
The charge sheet says that Singh's wife, Maltidevi, started trading at Multi Commodity Exchange of India (MCX) in 2008 and incurred losses of Rs 37 lakh in a single year.

Singh's son Narendra traded in her name, the charge sheet says, because he believed in "luck factor". Maltidevi had no "knowledge, experience, expertise in the business of commodity market", it adds.
This trading was in fact a "face-saving exercise to regularise the ill-gotten money," it says.
Further, there was an unsecured and outstanding loan between Narendra and Bollywood actor Salman Khan, it says.

The charge sheet also questions Maltidevi's and Narendra's role in the purchase of two flats in a society in suburban Bandra, which were eventually acquired by Salman's parents Salim Khan and Salma Khan.
According to the report, Narendra "forged" 12 stamp papers including two given to film director-producer Anurag Kashyap in 2009 for producing the film 'Udan'.

Narendra, the report says, also asked Kashyap if he required office premises in 2007 when the latter was making the film 'Dev D'. An office in Andheri-West, owned by another director, was rented out to Kashyap.
Sanjay Tiwari, a local activist, had filed a PIL before the Bombay High court earlier, alleging that Singh and his relatives had disproportionate assets worth Rs 320 crore. The High Cort directed the police to conduct a probe.