Enforcement Directorate on Thursday attached an amount of Rs.1,02,16,000 in case of Kishore Bhajiawala involved in post demonetization frauds.
The CBI, ACB, Gandhinagar has filed a FIR against the accused based on the
report of Income Tax (Investigation), Surat wherein it was alleged that Bhajiawala family had amassed new high denomination currency notes through impersonation, forgery and criminal conspiracy.
Accordingly, investigation under the provisions of PMLA, 2002 was initiated against Kishore Bhajiawala and his sons Jignesh Bhajiawala and Vilas Bhajiawala and others by Directorate of Enforcement based on the said FIR registered by CBI, Gandhinagar.
Jignesh Bhajiawala and Shri Vilas Bhajiawala used modus operandi of forging thousands of Exchange forms in names of various persons assisted by various bank officials and obtained the proceeds of crime in the form of new high denomination currency, amounting to Rs.1,02,16,000, post demonetization.
The same was seized by the Income Tax Authorities. Jignesh Bhajiawala was arrested by ED on January 19, 2017 and he is presently in judicial custody.
The said proceeds of crime amounting to Rs.1,02,16,000, has now been provisionally attached under PMLA on February 21, 2017 with further investigations under progress.
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