ED summons Lalu's daughter Misa Bharti, husband in PMLA case

July 11 2017

The Enforcement Directorate (ED) has summoned RJD supremo Lalu Yadav's daughter Misa Bharti and her husband Shailesh Kumar for questioning under the Prevention of Money Laundering Act (PMLA).

The agency had asked Shailesh to join probe on Monday but he did notturn up, sources in the agency stated. Further, the agency has asked Misa to join the investigation on Tuesday. "We have asked them to join the probe, said a senior officer adding that they are looking forward toquestioning them pertaining to the money laundering.

The agency had carried out raids on Saturday on the premises of Mishail Packers and Printers Pvt. Ltd. at Bijwasan and the residential premises of its directors — Shailesh Kumar and Misa Bharti — at Ghitorniand Sainik Farms in New Delhi in connection with Prevention of Money Laundering Act investigation.

The officer also had stated that during searches various incriminating documents, electronic devices including mobile phones havebeen recovered and seized.

Investigation by probe agencies has also pointed out that a man identified as Vinay Mittal has played a pivotal role in helping Lalu's family to purchase properties not only in Delhi but also in Bihar. Both Income Tax and ED found that Mittal introduced Lalu's son-in-law Shailesh to chartered accountant Rajesh Agarwal, who is already arrestedby ED in a money laundering racket. Through an intricate network of shell companies, Agarwal had laundered money into Mishail Packers and Printers Pvt. Ltd.

Sources in the agencies said that they are now probing how Shailesh allegedly got the black money or who gave it to him.

During probe, ED found that in 2007 Shailesh enquired from Mittal how to converted ill gotten money into white. Mittal then introduced to his brother-in-law Rajesh Aggarwal. Mittal is also being quizzed by probe agencies into the matter.

Mittal during interrogation has stated that he got in touch with Shailesh through Amit Katyal, under whom he was working. It is alleged was Katyal had felicitated land deals for Lalu's family in Patna. "We are also probing the role of Katyal," said the officer.

Further, Agarwal introduced Shailesh to businessmen Virendra and Surendra Jain. The Jain brothers were arrested by ED in Rs 8,000 crore money laundering case this year.

During probe against Jain brothers it has come out that the 1,20,000shares of Mishail Packers and Printers Pvt. Ltd. were bought during 2007 and 2008 at the rate of Rs 100 per share by four shell companies — Shalini Holdings Ltd, Ad-Fin Capital Services (India) Pvt. Ltd., Mani Mala Delhi Properties Pvt. Ltd. and Diamond Vinimay Pvt. Ltd.

Out of these shell companies, except Diamond Vinimay Pvt. Ltd, were registered at Delhi and were managed and controlled by Jain Brothers. The company Diamond Vinimay Pvt. Ltd is a Kolkata based company. The above mentioned 1,20,000 shares were bought back by Misa at the price ofRs 10 per share.

During investigation, it has been gathered that Agarwal had providedcash of Rs 90 lakh to Jain brothers in advance so as to invest in Mishail Packers and Printers Pvt Ltd as share premium. It was also foundthat Mishail Packers and Printers Pvt. Ltd was registered at the address 25, Tuglak Road, New Delhi till the shares were bought back by Misa. It was only during 2009 and 2010 that the address was changed to Farm number 26 Palam Farms, Bijwasan in New Delhi.

Now the agency is probing from who arranged the cash and how three farms houses were purchased.

ED summons Lalu's daughter Misa Bharti, husband in PMLA case