Money launderer amasses property in S'pore to hide wealth

Yxxxone SG

The Enforcement Directorate and Income Tax Department have conducted raids at the residence and offices of the chartered accountant of Koda's associates. The raids were conducted at Sanjay Nareti's residence and offices in Jamshedpur, Sanjay Nareti is Binod Sinha and Sanjay Chaudhry's chartered accountant.

Many documents and information about Sinha and Chaudhry's bank accounts have been recovered during the raid. Lookout notices have also been issued for Koda's key aides - Binod Sinha and Sanjay Chaudhry. This is because the Enforcement Directorate suspects they may leave the country to avoid investigation.

The Directorate has also taken copies of vital documents of investments and ownerships of Koda and his associates in Ranchi from IT authorities. "Yes, Koda would soon be called for questioning regarding the Hawala transactions under the PMLA Act," official sources said.

Koda and eight others have been accused of amassing property worth hundreds of crores of rupees including those in places like UAE, Thailand, Indonesia, Singapore and Liberia.

Read full story here:
http://www.timesnow.tv/More-trouble-...ow/4331288.cms

- singapore news alternative

Bentsb05 SG

money launderer hide money here goooooooood....

hopefully we get to keep all these money then later hor..govt takes all these seized money and give to us as goodies lah...

aiyoh, like that you dont know meh??

we welcome all money, legal or illegal.....if not even if dont come here, will go elsewhere...

money money money, very funny.................