Rescued Document

dinesIN THE COURT OF SH.
BALBIR SINGH, SESSIONS JUDGE / SPECIAL COURT UNDER THE

PREVENTION OF MONEY LAUNDERING ACT, 2002, CHANDIGARH
PROSECUTION COMPLAINT CASE NO. : ______/ 2018
Assistant Director (PMLA),

Directorate of Enforcement,
Chandigarh Zonal Office, Chandigarh.
��..COMPLAINANT
Versus
1. Ashu Mehra s/o Sh. Roop Lal Mehra (Staff Member, Roll No. 43425, Asst. Manager,
Forex Department, Chandigarh Main Branch, S.C.O. 11, Madhya Marg, Sector � 7C,
Chandigarh � 160019) and Resident of House No. 267, Sector 10, Chandigarh.
2. Dinesh Kumar S/o Sh. Lahori Lal, Resident of 3086/1, Sector � 47D, Chandigarh.
3. M/s Vision Procon (through its proprietor Dinesh Kumar), 3086/1, Sector � 47D,
Chandigarh.
4. M/s Al Dishu Trading FZE, SM Office, H 1 Bldg Office No. 231 C, Ajman Free Zone
Area, St Ajman Free Zone, Nr Ajman Port, PO Box 50424, Ajman Emirate, Ajman
(Through its proprietor Dinesh Kumar). Dinesh Kumar having resident address at
3086/1, Sector � 47D, Chandigarh
5. Amanpreet Singh Sodhi S/o Sh. Inderjit Singh Sodhi, Resident of 26-B, Sargodha
Colony, Pakhowal Road Ludhiana,
6. M/s Heights International (through its proprietor Amanpreet Singh Sodhi), SCO-8
& 9, Sector-17B, Chandigarh. Also at 1681/1A/5 Subhash Nagar, Bhagwan Nagar Road,
Basti Jodhewal, Ludhiana, Punjab.
7. M/s Geoxa Steels Private Limited (Through its Director Amanpreet Singh Sodhi),
Works: Village Kube, Tehsil Samrala Ludhiana Punjab 141418.
8. M/s Colour Wave (H K) Ltd. (Through its Director Amanpreet Singh Sodhi) having
office address at G/F, CAR, PO, Commercial Building, 18-20 Lyndhurst Terrace
Central Hongkong. Also At 4/E, Flat D-E, Wah Factory Building, 50-60, Wong Chuk
Hang Road, Aberdeen.
9. M/s Besco International FZE, Office No. E-51G-28, Ground Floor, PO Box: 50424,
Hamriyah Free Zone, Sharjah, United Arab Emirates (Through its partner Atul Kumar
Garg). Atul Kumar Garg having permanent address as B � 59, Coral Spring Colony,
Kila Road, Meerut � 250001.
10. M/s Saibhakti Impex Pvt. Ltd., 306, Industrial Area A, Ludhiana (Through its
Director Gaurav Kirpal and Aman Kirpal).
11. M/s Best Exports situated at 306, Industrial Area � A, Ludhiana. (Through its
Proprietor Gaurav Kirpal)
12. M/s Omkara Worldwide Traders Pvt. Ltd., Regd. Office: H. No. 135, 1st Floor,
Sector 28A, Chandigarh (through its major share-holder owner Ms. Vandana Johar)
13. Aman Kirpal, Director of M/s Sai Bhakti Impex Pvt. Ltd., Resident of Villa 14A,
Janpath Estate, Canal Road, Ludhiana.
14. Gaurav Kirpal, Director of M/s Saibhakti Impex Pvt. Ltd., Resident of House No.
531 (Second Floor), Sector 16D, Chandigarh.
15. Brigadier (Retd.) M.S. Dullat S/o S. B.S Dullat, Resident of House No. 1563,
Sector 34D, Chandigarh.
16. M/s Heights International Tradehub Private Limited, SCO 210 � 211, Third Floor,
Sector 34A, Chandigarh � 160022. (Through its Director Ashu Mehra)
17. M/s Mekaster Ecosystems Private Limited, 908, Ansal Bhawan, 16, Kasturba Gandhi
Marg, New Delhi. (Through its Directors Amanpreet Singh Sodhi & Virender Mohan
Trehan)
18. M/s Mekaster Engineering Limited, 908, 9th Floor, Ansal Bhawan, K G Marg,
Connaught Place, Hindustan Times Building, New Delhi � 110001. (Through its
Director Virender Mohan Trehan)
19. Virender Mohan Trehan, 908, 9th Floor, Ansal Bhawan, K G Marg, Connaught Place,
Hindustan Times Building, New Delhi � 110001.
20. M/s Keshav International, 16-R, Model Town, Ludhiana. (Through its proprietor
Vandana Johar)
21. M/s RAP Events, H. No. 127, Sector 10, Panchkula, Haryana. (Through its
Partners Rakesh Kumar & Rohitaaz Kumar)
22. M/s Pioneer Knitting, 306, Industrial Area A, Ludhiana. (Through its Proprietor
Surinder Kumar Palta)
23. Surinder Kumar Palta s/o Late Sh. Ramji Das Palta, 1128, 1st Floor, Sector 15,
Chandigarh
24. M/s Prithvi Infradevelopers Pvt. Ltd., SCO No. 210-211, Sector 34A, Chandigarh.
(Through its Directors Amanpreet Singh Sodhi and Dinesh Kumar)
25. M/s Dreamheight Homes Pvt. Ltd., SCO 210-211, IIIrd Floor, Sector 34A,
Chandigarh. (Through its Director Dinesh Kumar)
26. M/s Global Trade Matrix Pvt. Ltd., House No. 267, Sector 10A, Chandigarh.
(Through its Director Ashu Mehra)
27. M/s G B Creative Line, 306, Industrial Area A, Near Cheema Chowk, Ludhiana �
141003. (Through its Proprietor Bhawna Kirpal / Authorized person Gaurav Kirpal)
28. M/s Prenda Creations Pvt. Ltd., SCO 291, 1st Floor, Sector 35D, Chandigarh �
160022. (Through its Director Kaushal Nath Kirpal / Authorized person Gaurav
Kirpal)
29. M/s Mehra & Sons HUF, 267, Sector 10, Chandigarh. (Through its karta Ashu
Mehra)
30. M/s Dinesh Kumar & Sons HUF, R/o House No. 3086/1, Sector 47D, Chandigarh �
160047. (Through its karta Dinesh Kumar)
31. M/s AM Business Ventures Pvt. Ltd., 267, Second Floor, Sector 10 Chandigarh.
(Through its Director Ashu Mehra)
32. M/s Trade Hub India Private Limited, SCO 210 � 211, 3rd Floor, Sector 34 A,
Chandigarh � 160022. (Through its Director Ashu Mehra)
33. M/s Lease Harbour, House No. 267, Sector 10A, Chandigarh. (Through its
Proprietor Ashu Mehra)
34. M/s Geoxa Foods Private Limited (OPC), Works: Village Kube Tehsil Samrala,
Ludhiana, Punjab 141418. (Through its Director Amanpreet Singh Sodhi)
35. M/s Geoxa Impex Pvt. Ltd., Village Kubba, Tehsil Samrala, Ludhiana 141418.
(Through its Directors Sukhwinder Singh Chhabra & Sarabjit Kaur)
36. M/s Color 9 Productions LLP, Village Kubba, Tehsil Samrala, Ludhiana. (Through
its partner Amanpreet Singh Sodhi)
37. M/s Ludhianvi Tigers Private Limited (OPC), B - 18 � 2516, Jawahar Nagar Camp,
Ludhiana 141001. (Through its Director Amanpreet Singh Sodhi).
38. M/s Goodluck Carbon Private Limited (Through its Director Rajender Kumar
Pahwa), M/s Goodluck Carbon Pvt. Ltd., D-54/1 (2nd Floor), 100 feet Road,
Chhatarpur Road, New Delhi
39. Utkarsh Pahwa s/o Rajender Kumar Pahwa, Farm No. 39, Dera Mandi Road,
Chatarpur, New Delhi � 110074.
40. M/s Spectrum Credit and Investment Private Limited, having premise address at
2nd Floor, Raj Tower � 1G, 1, Alaknanda Community Centre, New Delhi � 110019
(Through its Director Utkarsh Pahwa).
41. Leela Kirpal, w/o K.N.Kirpal, Resident of Villa 14A, Janpath Estate, Canal
Road, Ludhiana.
��..ACCUSED
Complaint under Section 44(1) read with Section 45 of the Prevention of Money
Laundering Act, 2002 for the offence defined under Section 3 punishable under
Section 4 of the PMLA Act, 2002 (as amended)
Most respectfully submitted as under:

1. That the complainant is working as an Assistant Director (PMLA), Directorate of
Enforcement, Chandigarh Zonal Office. That the complainant is competent to file
this Complaint for trial of offence punishable under Section 4 of the PMLA, against
the accused vide Notification No. SO. 1274 (E) dated 13th September 2005, issued by
the Central Government and Government of India Notification No. 6/14/2008-ES dated
11.11.2014 issued by the Under Secretary, Ministry of Finance (Department of
Revenue), New Delhi.
2. FIR registered by the CBI and investigation conducted thereof: That the CBI (BS
& FC), New Delhi had registered an FIR No. RCBD1/2016/E/0007 dated 08.08.2016 under
Section 120B read with 420 of IPC and Section 13(2) r/w 13(1)(d) of PC Act, 1988 on
the following allegations:
i) That the accused Ashu Mehra had been working as an Assistant Manager, Forex
Department, Indian Overseas Bank, Chandigarh Main Branch since 2010 and was also
having the authority to make and check all SWIFT messages of the Bank. Besides, the
accused Ashu Mehra, two more officers, namely accused Nitish Negi and Gaurav
Bhatia, have been named by the bank in their complaint letter to have been working
as Assistant Managers in the Bank and further informed to be also handling forex
operations & were having the authority to make & check all SWIFT messages of the
Bank branch.
ii) That the accused Ashu Mehra in collusion with other customers of the Bank and
accused persons, namely M/s Vision Procon (through its Proprietor Dinesh Kumar,
Accused), M/s Heights International (through its Proprietor Amanpreet Singh Sodhi,
Accused), and M/s Saibhakti Impex Pvt. Ltd., Accused (through its Directors Aman
Kirpal � Accused and Gaurav Kirpal � Accused) have been alleged by the complainant
bank, viz. Indian Overseas Bank, to have caused loss / liability to the bank to the
tune of USD 47.86 Million equivalent to approximate Indian Rs. 321.00 crores
(calculated @ Rs. 67 per USD) as on date.
iii) That IOB has further informed that M/s Colour Wave (H K) Ltd., Accused, having
office address at G/F, CAR, PO, Commercial Building, 18-20, Lyndhurst Terrace
Central Hong Kong (Also at 4/E, Flat D-E, Wah Factory Building, 50-60, Wong Chuk
Hang Road, Aberdeen) is the beneficiary of all the fraudulent SWIFT messages sent.
iv) That further, Brigadier (Retd.) M.S. Dullat, Accused, is the father-in-law of
Accused Ashu Mehra and is a Director in M/s Vyapar Agrotech Limited in which the
Accused Amanpreet Singh Sodhi is another Director.
v) That the Indian Overseas Bank (IOB in short) has informed that the Accused No. 1
(Ashu Mehra), the master mind, was indulging in issuing Letters of Undertaking
(LOUs) through SWIFT messages fraudulently in collusion with others to cheat the
Bank; that further the overseas banks had provided Buyers Credit to their customers
on the basis of the LOU issued by the IOB, Chandigarh and hence the said overseas
banks were demanding IOB to remit the said amount to them. It has been further
informed by the IOB that on verification of their records, it was found that no
such request for letter of comfort to the Buyers Credit was authorized by the
Branch Manager and Letter of Undertaking were issued through swift messages by
accused Ashu Mehra and his other bank staff accused Nitish Negi and Gaurav Bhatia
by abusing their official position.
vi) That the accused Ashu Mehra of IOB, in collusion with other staff members by
indulging in afore-said modus-operandi had created liability against the bank to
the tune of Rs. 321.00 crores (calculated at the exchange rate of Rs. 67.00 per
USD) which is due for payment between 01.07.2016 to 28.01.2017; that further it was
alleged that there was no movement of goods & services or underlying commercial
transactions behind these fraudulent transfers of funds.
vii) That on the basis of the LOUs issued by the accused Ashu Mehra, the foreign
banks have credited the accounts of the beneficiary i.e. M/s Colour Wave (HK) Ltd.;
that the Bank had also informed that from their preliminary investigations it was
found that the accused Amanpreet Singh Sodhi, Proprietor of M/s Heights
International is also Director in M/s Colour Wave (HK) Ltd., Hong Kong, which is
beneficiary for all the Buyers Credit; that further Dinesh Kumar, Proprietor of M/s
Vision Procon, is an authorized signatory for the operations in the account of M/s
Heights International and that there are also inter-account transactions between
these three entities.
viii) The Chargesheet of the CBI in this case is still awaited.
3. Registration of ECIR by the Directorate of Enforcement: That Sections 420 & 120B
of the Indian Penal Code, 1860 and Section 13 of the Prevention of Corruption Act,
1988 are the scheduled offences (relating to cheating, criminal conspiracy and
criminal misconduct / abuse of official position) under PART A, Paragraph 1 & 8
respectively to the Schedule to the Prevention of Money Laundering Act, 2002 as
also defined under Section 2(1)(y) of the said Act. This being a case of suspected
offence of money laundering, ECIR No. CDZO/06/2016 dated 19.09.2016 was recorded by
the Directorate of Enforcement, Chandigarh Zonal Office against Ashu Mehra and
other co-accused.
4. Investigation conducted by the Directorate of Enforcement, Chandigarh Zonal

Office:
Consequent upon registration of FIR by the CBI (BS & FC), New Delhi, an
investigation was initiated under PMLA, 2002. The outcome of the said investigation
conducted is as under:
4.1 That the investigation conducted by the Enforcement Directorate involved

identification of the Proceeds of Crime which had been generated by the accused
through criminal activities relating to the scheduled offence and to establish the
modus-operandi involved in the laundering of the said proceeds of crime; that the
following business transaction module was found to have been adopted in the present
case as per details given below:
(i) The import firms M/s Vision Procon, M/s Heights International & M/s Saibhakti
Impex Pvt. Ltd. opened Current Bank Account Nos. 028402000012935, 028402000012941
and 028402000012769 respectively in the Indian Overseas Bank, Chandigarh for
business purposes and showed IOB their intent to import goods from M/s Colour Wave
(HK) Ltd. & M/s Paras International Creations Ltd. For the said purpose these
Indian import firms resorted to the facility of Buyers Credit extended by the
overseas lender banks on the basis of the fraudulent LOUs issued through SWIFT
messages by IOB, Sector 7, Chandigarh branch.
(ii) The accused Ashu Mehra (with the help of his associate bank employees) issued
LOUs fraudulently through SWIFT Messages (without obtaining requisite documents
from the Indian import firms) to the overseas lending banks, viz. Bank of Baroda,
Bahamas and Punjab National Bank, Dubai, so as to enable these overseas banks to
provide the Buyers Credit facility to the Indian import firms. The credit facility
under the scheme of Buyers Credit is normally extended for a period of 1 year.
(iii) That on the basis of the afore-said LOUs, the overseas lender banks extend
Buyers Credit to the three Indian import firms and pay the full amount as mentioned
in the Buyers Credit to the overseas firms M/s Colour Wave (HK) Ltd., M/s Colour
Wave Limited & M/s Paras International Creations Ltd. (in their HSBC account at
Hong Kong); that the said overseas firms were supposed to export goods to the said
3 Indian importer firms. However, there has been no movement of goods and services
or underlying commercial transactions behind these fraudulent transfers of funds to
the afore-said 3 Hong Kong based supplier firms.
(iv) That the amounts due on account of the past fraudulent Buyers Credit used to
be paid to the overseas funding banks before due date by credit of proceeds of
crime in the those bank accounts which were to be debited for making re-payments of
Buyers Credit. That however, the payment in respect of the 14 fraudulent Buyers
Credit, details as mentioned in Table No. 1, was not made by the accused in time
resulting in creation of a liability of Rs. 299 crores on the Indian Overseas Bank.
(v) That none of the Buyers Credit granted to the afore-said accused companies
(mentioned in sub-para (i)) was legal and the Buyers Credit amounts were disbursed
by the overseas banks on the basis of fraudulent LOUs issued through SWIFT Messages
by the accused Ashu Mehra without following proper procedure and approval of the
competent authority in the complainant bank.
(vi) Repatriation of proceeds of crime into India to the various beneficiaries:

That the proceeds of crime generated as a result of the said fraudulent LOUs / FLCs
were first credited by the overseas funding banks into the HSBC bank accounts of
the Hong Kong based companies M/s Colour Wave (H K) Ltd. (A/c No. 848621256838),
M/s Colour Wave Limited (A/c No. 112433461838) and M/s Paras International
Creations Limited (A/c No. 053148250838), all owned and controlled by the accused
Amanpreet Singh Sodhi. That the said proceeds of crime were repatriated to various
beneficiaries by resorting to trade-based money laundering. The said proceeds of
crime were then remitted into the bank accounts of the various accused in India,
either directly or by routing the same through bank accounts of two firms M/s Besco
International FZE (belonging to the accused Atul Kumar Garg, an associate of Gaurav
Kirpal) and M/s Al Dishu Trading FZE (belonging to the accused Dinesh Kumar) in
UAE, by resorting to trade-based money laundering as per details given below:
a) by making differential payments to various third parties in different countries
on account of under-valued imports in India;
b) by sending differential payments to various export firms of the accused and
their associates in India on account of over-valued exports from India;
c) by sending payments to the Indian Overseas Bank Account of the firm M/s Heights
International (accused firm) in respect of which no proper explanation has been
tendered about the reasons for the receipt of the said foreign inward remittances;
and
d) by making payments on account of other import firms / companies (viz. M/s
Mekaster Engineering Ltd., etc.) for their imports and receiving the said payments
in the bank accounts of their Indian firms / companies by showing the said funds to
be unsecured loans / trade advance.
During the investigation conducted by the Directorate of Enforcement it was

revealed that the proceeds of crime were found to have been shared by the
beneficiaries between themselves by issuing fake bills of fabrics and yarn and
sometimes even no bills were issued for settling the irregular funds so received
and in few instances the parties have shown the same as trade advance.
4.2 That the investigation conducted so far has revealed the details of 15
fraudulent LOUs / Buyers Credit issued through SWIFT messages which resulted in
creation of a liability to the tune of Rs. 321.00 crores on the Indian Overseas
Bank, the details of which are as given below:
Table No. 1
Sr. No. Date of Swift MessageBuyers Credit (BC) Reference No. Applicant
NameBeneficiary NameBC BankAmount in USD Due date of BCNames of Officers who made
and checked the transaction123456789120.07.2015284/MISCIN/23/15Vision ProconColour
Wave (HK) Ltd.PNB, Dubai3,048,53001-Jul-16 Nitish Negi / Ashu
Mehra203.08.2015284/MISCIN/39/15Vision ProconColour Wave (HK) Ltd.BOB,
Bahamas3,100,90321-Jul-16Nitish Negi / Ashu Mehra303.08.2015284/MISCIN/40/15Vision
ProconColour Wave (HK) Ltd.BOB, Bahamas2,298,37624-Jul-16Nitish Negi / Ashu
Mehra411.08.2015284/MISCIN/41/15Vision ProconColour Wave (HK) Ltd.PNB,
Dubai3,274,65327-Jul-16Nitish Negi / Ashu Mehra508.08.2015284/MISCIN/45/15Heights
InternationalColour Wave (HK) Ltd.PNB, Dubai3,126,97205-Aug-16Nitish Negi / Ashu
Mehra611.08.2015284/MISCBC/33/14Heights InternationalColour Wave (HK) Ltd.PNB,
Dubai2,998,13016-Aug-16Nitish Negi / Ashu Mehra724.09.2015284/MISCIN/52/15Heights
InternationalColour Wave (HK) Ltd.BOB, Bahamas3,268,30708-Sep-16Nitish Negi / Ashu
Mehra805.10.2015284/MISCIN/52/15Heights InternationalColour Wave (HK) Ltd.PNB,
Dubai3,268,30720-Sep-16Nitish Negi / Ashu Mehra927.11.2015284/MISCIN/56/15Sai
Bhakti Impex P. LtdColour Wave (HK) Ltd.PNB, Dubai3,372,68001-Nov-16Nitish Negi /
Ashu Mehra1027.11.2015284/MISCIN/55/15Sai Bhakti Impex P. LtdColour Wave (HK)
Ltd.PNB, Dubai3,197,95511-Nov-16Nitish Negi / Ashu
Dubai3,452,43013-Dec-16Gaurav Bhatia / Ashu Mehra1210.02.2016284/MISCIN/09/16Sai
Bhakti Impex P. LtdColour Wave (HK) Ltd.PNB, Dubai3,494,33016-Dec-16Ashu Mehra /
Gaurav Bhatia1325.01.2016284/MISCIN/04/16Vision ProconColour Wave (HK) Ltd.PNB,
Dubai3,374,86509-Jan-17Gaurav Bhatia / Ashu
Dubai3,452,14316-Jan-17Gaurav Bhatia / Ashu
Dubai3,135,46028-Jan-17Ashu Mehra / Gaurav BhatiaTOTAL47,864,041
The Bank has informed with respect to Buyers Credit mentioned at Sr. No. 3, viz.
284/MISCIN/52/15 dated 24.09.2015, that Bank of Baroda, Bahamas in their SWIFT
Message dated 24.09.2015 has stated that due to non-compliance issue they cannot
transfer directly to suppliers account. Bank of Baroda, Bahamas has further
informed that they may fund into the nostro account of the IOB and that if they
want the same an amendment message may be sent to them or otherwise to treat the
same to be null and void. Hence, Indian Overseas Bank has commented that this
Buyers Credit appears to have not been acted upon. However, the investigation
conducted has revealed that one Buyers Credit with similar details, having No.
284/MISCIN/52/15 dated 05.10.2015 was then opened with PNB, Dubai. In this manner
only 14 Buyers Credit remained unpaid and therefore USD 445,95,734.00 (equivalent
to Rs. 299 crores on taking 1 USD = Rs. 67/-) remained pending to be paid on due
date resulting in creation of liability to the tune of Rs. 299 crores (approx.) on
the Indian Overseas bank.
A perusal of the documents pertaining to the above-said unpaid Buyers Credit / LOUs
revealed that a few days after issuance of each of these Buyers Credit through
SWIFT messages, the overseas funding banks, viz. Punjab National Bank, Dubai and
Bank of Baroda, Bahamas, used to inform the Indian Overseas Bank, Sector 7,
Chandigarh through SWIFT messages confirming the Buyers Credit loan granted,
interest rate, maturity amount, etc. That however investigation is still under
progress with regard to the role of the other officers, viz. the then Branch Head /
AGM as well as other senior officers of IOB, Sector 7, Chandigarh, who even did not
check these reply SWIFT messages of the funding bank confirming the Buyers Credit
disbursals.
4.3 The complainant bank, viz. Indian Overseas Bank, Sector 7, Chandigarh, has
also alleged while registering FIR with the CBI that there has been no movement
of goods & services or underlying commercial transactions behind the fraudulent
transfers of funds. That an investigation was caused to ascertain whether there was
any movement of goods but only few details could be obtained which are as given
below:
Table No. 2
Sr. No. Buyers Credit (BC) Reference No. B/L and / or Invoice Number &
DateDescription of Goods & PriceCountry of Origin of GoodsPort of Loading / Port of
Discharge1284/MISCIN/23/15 dt. 20.07.15B/L No. TR 437200946 dt. 02.07.2015Tungsten
Wire Rod of an amount USD 3048530ChinaHK / Nhava Sheva2284/MISCIN/39/15 dt.
03.08.15Invoice No. COL/00489/15 dt. 27.07.2015 / Date of Loading 26.07.2015Nickel
Ingots of an amount USD 3100903_____Ningbo, China / Pipavav3284/MISCIN/40/15 dt.
03.08.15Invoice No. COL/00493/15 dt. 29.07.2015 / Date of Loading
28.07.2015Tungsten Wire Rod of an amount USD 2298376_____HK / Nhava
Sheva4284/MISCIN/41/15 dt. 11.08.15B/L No. 954255083 dt. 31.07.2015Nickel Ingots of
an amount USD 3274653UK_____5284/MISCIN/45/15 dt. 08.09.15B/L No. LHV126128264B dt.
10.08.2015Copper Cathodes of an amount USD 3126972FranceLe Harve, France / Nhava
Sheva6284/MISCBC/33/14 dt. 11.08.15B/L No. TR2014080090 dt. 21.08.2014Seamless
Steel Pipe Machinery of an amount of USD 2998130China_____7284/MISCIN/52/15 dt.
05.10.15B/L No. HLCUTPE150912889 dt. 25.09.2015Nickel RodTaiwanKaohsiung, Taiwan /
Nhava Sheva8284/MISCIN/56/15 dt. 27.11.15B/L No. ZXQDFE1102061 dt. 06.11.2015Copper
Shreded ScrapChinaNingbo, China / Nhava Sheva9284/MISCIN/55/15 dt. 27.11.15B/L No.
ELCNBGNHA55454 & ELCNBGNHA55455 dt. 16.11.2015Copper Shreded ScrapChinaNingbo,
China / Nhava Sheva10284/MISCIN/02/16 dt. 08.01.16 B/L No. BHX-2180 dt.
19.12.2015Copper Shreded ScrapUKKegworth, UK / Nhava Sheva11284/MISCIN/09/16 dt.
10.02.16B/L No. YLKS5077989 dt. 21.12.2015Copper BarsJapanKobe Japan / Nhava
Sheva12284/MISCIN/04/16 dt. 25.01.16B/L No. CANSE20302 dt. 14.01.2016Cobalt Round
BarsChinaJiangmen, China / Nhava Sheva13284/MISCIN/05/16 dt. 25.01.16B/L No.
CANSE20343 dt. 21.01.2016Copper RodsChinaJiangmen, China / Nhava
Sheva14284/MISCIN/07/16 dt. 05.02.16B/L No. TR2016020004 dt. 02.02.2016Nickel
IngotsChinaNingbo, China / Nhava Sheva
However, copies of 3 Bills of Lading, which find mention above in the unpaid Buyers
Credit, were obtained from the concerned shipping line / delivery agent till date
during the investigation. The details so obtained from shipping line / delivery
agent indicated that the consignee of the import goods were not the applicants of
the afore-said Buyer Credit; that instead they were other importer clients of the
Indian Overseas Bank. The details of the said 3 Bills of Lading are as given below:
a) B/L No. HLCUTPE150912889 dt. 25.09.2015: Copy of this B/L was made available
both by the Indian Overseas Bank, Sector 7, Chandigarh as well as by the delivery
agent / shipping line Hapag-Lloyd India Pvt. Ltd. It is further submitted that the
Buyers Credit / LOU No. 284/MISCIN/52/15 dated 05.10.2015 depicted the following
details with respect to the importer, seller, details of goods to be imported, etc.
in respect of the B/L No. HLCUTPE150912889 dated 25.09.2015 mentioned in the said
LOU SWIFT message:
> Name of the importer: M/s Heights International, SCO 8 and 9, Sector 17/D,
Chandigarh;
> Seller�s Name and addres: M/s Colour Wave (HK) Limited, 4/F, Flat D/E, Wah
Factory Building, 50-60, Wong Chuk Hang Road, Aberdeen.
> Description of goods: Nickel Rod
> Country of origin of goods: Taiwan
> Port of Loading: Kaohsiung, Taiwan
> Port of Discharge: Nhava Sheva
However, the copy of the B/L No. HLCUTPE150912889 obtained from the IOB / Shipping
Line had B/L issue date as 15.09.2015 and also indicated the following details
therein:
> Consignee / Notify party : To the order of Indian Overseas Bank, Chandigarh and
Temperate Agrosystems, Ramya Kunj, Below Auckland Hotel, Lakkar Bazar, Shimla, H.P
� 171001 (India) ;
> Shipper: M/s All Perfect Company Limited.
> Packages / Description of goods: General Purpose Cont., 362 Cartons, 235 units
Power Sprayers and with Suction and Bypass Hoses and other Accessories and 14600
pieces Pruning Shears as per Performa Invoice No. 052815A dated 20.07.2015
> Port of Loading: Kaohsiung, Taiwan
Further, copy of the aforesaid B/L provided by the Shipping Line also showed that
the same was issued for order of Indian Overseas Bank, Chandigarh and the same was
endorsed by the IOB, Shimla branch and backside of the said copy of B/L was also
endorsed.
Copies of the said B/L and import documents were also obtained from the Indian
Overseas Bank, Sector 7, Chandigarh which indicated that the said goods were
imported against L/C No. 284/MISCIN/17/15 dated 08.09.2015 opened with the IOB by
the importer M/s Temperate Agrosystems.
Hence, the evidence in respect of the Buyers Credit / LOU No. 284/MISCIN/52/15
dated 05.10.2015 indicated that the accused Ashu Mehra, while working in Indian
Overseas Bank, Sector 7, Chandigarh (an authorized dealer bank), at the time of
sending of the said LOU to the funding bank, viz. PNB, Dubai, used to mention the
shipment details by using the B/L copies of other importer clients of the Indian
Overseas Bank and ensuring that the port of loading / port of discharge remains
same; that the same appears to have been done to dupe the other bank officials of
the IOB as well as the funding bank who in case of any verification would find that
indeed the goods imported vide said B/L were actually in transit from the said port
of loading to the said port of discharge.
b) B/L No. CANSE20302 dt. 14.01.2016: Copy of this B/L was made obtained from the
Indian Overseas Bank, Sector 7, Chandigarh as well as the delivery agent M/s
Transmec (India) Pvt. Ltd.; that the said delivery agent vide letter dated
30.05.2018 enclosed the copy of the said B/L which showed the said B/L issue date
to be 26.12.2015. That further the said B/L No. CANSE20302 dated 14.01.2016 finds
mention in Buyers Credit / LOU No. 284/MISCIN/04/16 dated 25.01.2016 which depicts
the following details with respect to the importer, seller, details of goods to be
imported, etc. in the said LOU SWIFT message:
> Name of the importer: M/s Vision Procon, E-328, Phase-IV, Focal Point, Ludhiana;
> Description of goods: Cobalt Round Bars
> Country of origin of goods: China
> Port of Loading: Jiangmen, China
However, the copy of the B/L No. CANSE20302 dated 26.12.2015 obtained from the
delivery agent M/s Transmec India Pvt. Ltd. indicated the following details:
> Consignee / Notify party : M/s Milano Bathroom Fittings Pvt. Ltd., (IEC No.
2203000368), Plot No. 30, Industrial Township, Phase-IV, HIMUDA, Bhatoli Kalan,
Baddi � 173205, Tehsil Nalagarh, Distt. Solan, Himachal Pradesh;
> Shipper: M/s Jiangmen Pioneer Import & Export Co. Ltd., No. 28 Penglai Road,
Jiangmen, Guangdong, China
> Packages / Description of goods: Zamak Handle
> Port of Loading: Jiangmen, China
> Port of Discharge: Nhava Sheva.
dated 25.01.2016 indicated that herein also the accused Ashu Mehra, while working
in Indian Overseas Bank, Sector 7, Chandigarh (an authorized dealer bank), at the
time of sending of the said LOU to the funding bank, viz. PNB, Dubai, used to
mention the shipment details by using the B/L copies of other clients of the Indian
c) B/L No. ZXQDFE1102061 dt. 06.11.2015: Copy of this B/L was made available by the
delivery agent M/s Transcon Freight System Pvt. Ltd. That further the said B/L No.
ZXQDFE1102061 dated 06.11.2015 finds mention in the fraudulent Buyers Credit / LOU
No. 284/MISCIN/56/15 dated 27.11.15 issued by the accused Ashu Mehra which depicts
the following details with respect to the importer, seller, details of goods to be
imported, etc. in the said LOU SWIFT message:
> Name of the importer: M/s Saibhakti Impex Pvt. Ltd., E-328, Phase IV, Focal
Point, Ludhiana;
> Description of goods: Copper Shredded Scrap.
> Port of Loading: Ningbo, China
However, the copy of the B/L No. ZXQDFE1102061 dated 06.11.2015 was found in the
records of Indian Overseas Bank and accordingly obtained from them which indicated
the following details:
> Consignee / Notify party : M/s Indian Acrylics Limited, SCO 49-50, Sector 26-D,
Madhya Marg, Chandigarh � 160019;
> Shipper: M/s Shandong Hualu-Hengsheng Chemical Co. Ltd., No. 24, Tianqu Xi Road,
Dezhou, Shandong, China
> Description of goods: Dimethyl Formamide
> Port of Loading: Qingdao port, China
> Port of Discharge: Nhava Sheva.
Copies of the said B/L and import documents were also obtained from the Indian
Overseas Bank, Sector 7, Chandigarh which indicated that the said goods were
imported against L/C No. 284/MISCIN/18/15 dated 08.10.2015 opened with the IOB by
the importer M/s Temperate Agrosystems.
dated 27.11.2015 indicated that herein also the accused Ashu Mehra, while working
in Indian Overseas Bank, Sector 7, Chandigarh (an authorized dealer bank), at the
time of sending of the said LOU to the funding bank, viz. PNB, Dubai, used to
mention the shipment details by using the B/L copies of other clients of the Indian
During investigation under the provisions of the PML Act, 2002, statements dated
20.06.2018 and 06.07.2018 of accused Ashu Mehra were also recorded under Section 50
of the PML Act, 2002 wherein he inter-alia admitted to the modus-operandi adopted
and further admitted that he used to obtain B/L copies of importer clients of
Indian Overseas Banks in respect of their live import consignments; that he being
the Forex Officer in IOB, Sector 7, Chandigarh (authorized dealer bank) had access
to the same. He further submitted that he used to mention the same port of
loading / port of delivery on the LOU copy of SWIFT message as mentioned in the B/L
to dupe any bank authorities of the funding bank, in case they conduct any
verification / check to ascertain whether the import goods were actual in transit
or not; that the said B/L copy was thereafter handed over by him to the accused
Amanpreet Singh Sodhi who used to forge the same as per requirements of the LOU
SWIFT that was issued by me. He has also submitted that thereafter he (Amanpreet)
used to handover the forged B/L copy to him (Ashu) for onward submission in the
bank. The accused Ashu Mehra has further admitted in his statement that this
practice was followed in other cases of fraudulent Buyers Credit also and that
however in most cases accused Amanpreet Singh Sodhi even used to prepare draft
SWIFT messages of the LOUs / Buyers Credit which were forwarded to the funding bank
by him after obtaining the same from email ids of Amanpreet Singh Sodhi, viz.
#HYPERLINK "mailto:amansodhi75@yahoo.com"#amansodhi75@yahoo.com# and one fake email
id: #HYPERLINK "mailto:ghostinwoods@gmail.com"#ghostinwoods@gmail.com# created by
Amanpreet Singh Sodhi; that he used to prepare the final LOU SWIFT messages to be
issued from the said draft LOU SWIFT messages.
The afore-said cases indicates that there was no underlying movement of import
goods in respect of fraudulent Buyers Credit issued by the accused Ashu Mehra and
further that he was mentioning the details of the live Bills of Lading in respect
of goods imported by importer clients of his bank to avoid detection.
The remaining import details as mentioned in the SWIFT / LOU copies of the other
unpaid Buyers Credit is still under investigation and is likely to take some more
time. That after completion of necessary investigation in this matter supplementary
prosecution complaint, if any, would be filed.
4.4 That the investigation conducted in this matter has also revealed that the
unpaid Buyers Credit / LOU No. 284/MISCBC/33/14 dated 11.08.15 is a rollover BC. In
this case, earlier Buyers Credit / LOU bearing Reference No. 284/MISCBC/33/14 dated
01.09.2014 was issued in the name of the importer M/s Heights International, SCO 8
and 9, Sector 17-D, Chandigarh whereas the beneficiary was M/s Colour Wave (HK)
Ltd. The goods declared to be imported was �Seamless Steel Pipe Machinery�, having
been imported vide B/L No. TR2014080090 dated 21.08.2014. This LOU was also issued
on behalf of the applicant importer M/s Heights International without sanctioned
limit / referring it to the Branch Head / entering it into the CBS system. Further,
no supporting documents were submitted with the IOB as reported by the said bank.
The import goods covered by the said LOU was claimed to be capital goods, viz.
machinery, so, on maturity date the applicant took the option of Roll Over and
interest accrued was paid off. The details of the said Buyers Credit are as given
below:
> Applicant / Importer Name: M/s Heights International, SCO 8 and 9, Sector 17D,
Chandigarh.
> Beneficiary / Seller�s Name: M/s Colour Wave (HK) Limited, G/F, CAR PO Commercial
Building, 18-20, Lyndhurst Terrace, Central Hong Kong.
> Seller�s Bank: HSBC, Hong Kong
> BC Bank: PNB, Dubai
> Buyers Credit amount (in USD): 2998130.00
> Due date of BC: 16.08.2015
> B/L No. & date: TR2014080090 dt. 21.08.2014
> Description of goods: Seamless Steel Pipe
> Tenure of Loan: 348 days
> Interest Rate: 12 months LIBOR plus 60 BP/LIBOR to reset after 180 days.
Through LOU / SWIFT message, instructions were given by IOB to the funding bank,
viz. PNB, Dubai, to remit the loan amount of USD 2998130 to Account No.
848621256838 of Colour Wave (HK) Limited, Hong Kong after deduction of SWIFT
charges. Thereafter one confirmation SWIFT was received in IOB on 03.09.2014 from
PNB, Dubai quoting their Transaction Reference Number as BC56-22151 HEIGH with
respect to the above-said LOU of IOB wherein following details are mentioned:
a) Amount: USD 2998130.00
b) Value Date: 02-09-2014;
c) Due Date: 17-08-2015;
d) Period: 349 days;
e) Rate of Interest: 1.17 pct;
f) Interest: USD 34006.29
g) Maturity Amount: USD 3032136.29
Just before due date, one SWIFT bearing Reference No. 284/MISCBC/33/14 dated
11.08.2015 was sent by IOB, Chandigarh to PNB, Dubai requesting therein to rollover
the said BC. It was requested vide the said SWIFT message to extend the due date of
the said BC. An amount of USD 34006.29 (Rs. 22,17,210/- debited from IOB Account of
M/s Heights International) was remitted as interest through SWIFT bearing Sender�s
Reference No. 284/OR/165/15 dated 14.08.2015 for availing the roll over. M/s
Heights International (through its authorized signatory Dinesh Kumar) submitted one
request letter dated 07.08.2015 alongwith signed application for drawal of foreign
exchange to Indian Overseas Bank, Sector 7, Chandigarh for remitting USD 34006.29
against Reference No. BC 5622151HEIGH to M/s Pure Elements FZE, supplier as per
details given below:
Type of Message : MT-202
Bank Name : Punjab National Bank
SWIFT : PUNBAEAD
Bank Address : Dubai
Intermediary Bank : Bank of America
Swift : BOFAUS3N
Intermediary Bank A/c No. : 6550586006
PNB, Dubai confirmed vide SWIFT message dated 18.08.2015 that the said roll over
was allowed in respect of the following Buyers Credit, mentioning the following
details therein:
b) Value Date: 17-08-2015;
c) Due Date: 11-08-2016;
f) Interest: USD 39875.13
g) Handling Charges: USD 100
h) Maturity Amount: USD 3038105.13
Further it was informed to net of reimbursing charges to their USD Account No.
6550586006 with Bank of America.
After expiry of rollover date this Buyers Credit was not repaid on due date.
4.5 That apart from the above there were several other Buyers Credit / Letters of
Credit which were issued in the past in which case the complainant bank, viz. IOB,
Sector 7, Chandigarh, informed that on verification of SWIFT messages, it was
observed that 5 fraudulent SWIFT messages were also sent earlier in February and
March, 2015 as LOUs but on due date or on demand from the overseas funding banks,
the due amount equivalent to USD 6.345 Million was paid by debiting account of M/s
Heights International and amount equivalent to USD 9.879 Million was paid by
debiting account of M/s Vision Procon. That, therefore, total amount of USD 16.224
Million (Rs. 108.70 Crores) was paid from the accounts of M/s Heights International
and M/s Vision Procon. That in view of the above, these amounts were not due for
payment, the amounts having been paid before due date. That the details of the
above paid 5 fraudulent SWIFT messages were also furnished by the complainant bank,
viz. IOB, as below:-
Table No. 3
Sr. No.BC Reference No.Date of Swift Msg.BC Loan Amount (in USD)Applicant
NameBeneficiary NameBC BankMaturity Amount (in USD)Due date of
BC1.284/MISCIN/03/1505.02.20153100130.00Heights InternationalColour Wave (HK)
Ltd.PNB, Dubai3135765.9919 Jan 162.284/MISCIN/02/1504.02.20153172070.00Heights
InternationalDoPNB, Dubai3209385.9027 Jan
163.284/MISCIN/08/1507.03.20153365729.00Vision ProconDoPNB, Dubai3404911.7007 Feb
164.284/MISCIN/07/1507.03.20153408847.00Vision ProconDoPNB, Dubai3449493.7115 Feb
165.284/MISCIN/09/1513.03.20152988768.00Vision ProconDoBoB, Baha-mas3024469.9317
Feb 16TOTAL BC LOAN AMOUNT = USD 16035544TOTAL MATURITY AMOUNT PAID = USD 16224023
A perusal of the documents pertaining to the above-said 5 paid Buyers Credit / LOUs
revealed that herein also a few days after issuance of each of these Buyers Credit
through SWIFT messages, the overseas funding banks, viz. Punjab National Bank,
Dubai and Bank of Baroda, Bahamas, used to inform the Indian Overseas Bank, Sector
7, Chandigarh through SWIFT messages confirming the Buyers Credit loan granted,
interest rate, maturity amount, etc. That however in this regard the investigation
is still under progress with regard to the role of the other officers, viz. the
then Branch Head / AGM as well as other senior officers of IOB, Sector 7,
Chandigarh, did not check these reply SWIFT messages of the funding bank confirming
the Buyers Credit disbursals.
An investigation was also conducted with respect to the afore-said 5 Buyers Credits
/ LOUs in order to ascertain the modus-operandi involved and the maner in which
their re-payments were done and the same is as given below:
A. 284/MISCIN/03/15 dated 05.02.2015:
Buyers Credit dated 05.02.2015 was sent by Ashu Mehra, accused from IOB, Sector 7,
Chandigarh wherein the following details were mentioned therein:
a) Applicant / Importer Name: M/s Heights International, SCO 8-9, Sector 17,
Chandigarh;
b) Beneficiary Name: M/s Colour Wave (HK) Limited, Hong Kong;
c) Beneficiary Account: 848621256838 in HSBC, Hong Kong;
d) BC Bank: PNB, Dubai;
e) Buyers Credit amount (in USD): 31,00,130.00;
f) Due date of BC: 19.01.2016;
g) B/L No. & date: SHZAWA1501311 dated 19.01.2015;
h) Description of goods: Nickel Ingots;
i) Tenure of Loan: 360 days;
j) Interest Rate: 12 months LIBOR plus 58 BP/LIBOR to reset after 180 days.
One confirmation SWIFT dated 09.02.2015 was sent by PNB, Dubai, in response to
afore-said Buyers Credit request of IOB, confirming the grant of the said Buyers
Credit and further quoting their (PNB�s) Transaction Reference Number as BC56-
24687HEIGH besides also mentioning the following details therein:
b) Value Date: 06-02-2015;
c) Due Date: 14-01-2016;
f) Interest: USD 35635.99.
g) Maturity Amount: USD 31,35,765.99
Repayment of Buyers Credit No. 284/MISCIN/03/15 dated 05.02.2015:
> On due date, i.e. on 14.01.2016, one SWIFT bearing Sender�s Reference No.
02841026000003 dated 14.01.2016 was sent from IOB, Sector 7, Chandigarh to PNB,
Dubai for payment of USD 31,35,765.99 (maturity amount) to Account No. 6550586006
of Punjab National Bank, Dubai with the Bank of America, USA.
> For making the afore-said payment of USD 31,35,765.99, an amount of USD
8,09,671.53 (equivalent to Rs. 5,44,34,217.00) has been received through 3 IRs
(Inward Remittances), each of USD 2,69,890.51 (Rs. 1,81,44,739/-), in IOB Account
No. 028402000012941 of M/s Heights International from M/s Al Dishu Trading FZE, UAE
on 14.01.2016 itself.
> Besides the above, there have been 17 transfer credits (of a total value of Rs.
15,42,00,000.00), all on 14.01.2016, from various bank accounts of M/s Vision
Procon into the IOB Account No. 028402000012941 of M/s Heights International, as
per details given below:
Table No. 4
Sr. No.DateTransaction details Credit (Rs.)114-01-2016By RTGS from IndusInd Bank
Account No. 259872848167 of M/s Vision Procon50,00,000.00214-01-
201650,00,000.00314-01-201650,00,000.00414-01-201650,00,000.00514-01-
201650,00,000.00614-01-201650,00,000.00714-01-201690,00,000.00814-01-
201630,00,000.00914-01-201690,00,000.001014-01-201690,00,000.001114-01-
201650,00,000.001214-01-201650,00,000.001314-01-2016RTGS from State Bank of Patiala
(now SBI) Account No. 65217110302 of M/s Vision Procon3,00,00,000.001414-01-
20163,00,00,000.001514-01-2016From IOB Account No. 028402000012935 of M/s Vision
Procon80,00,000.001614-01-20161,60,00,000.001714-01-
20162,00,000.00��Total15,42,00,000.00
M/s Vision Procon is in receipt of various payments from various firms / companies
of Gaurav Kirpal, namely M/s Best Exports, M/s Saibhakti Impex Pvt. Ltd., M/s
Omkara Worldwide Traders Pvt. Ltd., M/s Pioneer Knitting, etc. for receipt of the
afore-said funds.
Apart from the above the balance lying in the IOB Account No. 028402000012941 of
M/s Heights International was utilized for the said purpose. A perusal of the said
Bank Account statement reveals that an amount of Rs. 25,00,000/- was credited in
the said bank account on 11.12.2015 from IndusInd Bank Account No. 259872848167 of
M/s Vision Procon; that for the said purpose IndusInd Bank Account of M/s Vision
Procon has been in receipt of funds from IndusInd Bank Account No. 200999917208 of
M/s Pioneer Knitting and further that the said account of M/s Pioneer Knitting is
also in receipt of Foreign Inward Remittance TT of USD 269890.51 from M/s Al Dishu
Trading FZE, UAE.
> For making the said payments before due date in respect of the said Buyers
Credit, the following amounts have been sent through ORs (Outward Remittances) from
IOB Account No. 028402000012941 of M/s Heights International to PNB, Dubai Account
No. 6550586006 with Bank of America, New York, USA.
Table No. 5
Sr. No.Date of OROR Transaction detailsAmount sent (in
Rs.)114.01.201603/164,21,90,763.00214.01.201603/163,58,54,081.00314.01.201603/164,2
2,62,697.00414.01.201603/1663,94,709.00514.01.201603/164,21,95,065.00614.01.201603/
164,21,62,146.00Total21,10,59,461.00
> For making repayments to the said Buyers Credit, Ashu Mehra obtained letter dated
14.01.2016 from the accused Dinesh Kumar, who acted as an authorised signatory of
M/s Heights International. As per the said letter and 5 import invoices submitted,
M/s Heights International requested the Indian Overseas Bank, Sector 7, Chandigarh
to utilize the IR received from M/s Al Dishu Trading FZE of an amount of USD
10,80,000.00 for making payments to the supplier M/s Pure Elements FZE, 1101-A,
11th Floor, Rakia Tower-II, Ras Al Khaimah, Dubai, UAE against Ref. No. BC
5624687HEIGH and to thereafter utilize the balance payment from their account. The
invoices issued by M/s Pure Elements FZE, UAE to M/s Heights International for sale
of Copper Round Rods, submitted for the said purpose with IOB are as given below:
Table No. 6
Sr. No.Invoice No.Amount (in USD)112/HE/16 dated 03.01.20166,27,138.81215/HE/16
dated 04.01.20166,27,136.03317/HE/16 dated 05.01.20166,27,155.49419/HE/16 dated
06.01.20166,27,202.75522/HE/16 dated 07.01.20166,27,131.91TOTAL31,35,764.99
> The copies of the said Invoices show that M/s Heights International (consignee)
was to import Copper Round Rods from M/s Pure Elements FZE, 1101-A, 11th Floor,
Rakia Tower 11, Ras Al Khaimah, UAE; that the invoices showed port of loading as
Chiwan, China and port of discharge as Jebel Ali, Dubai. However, the copy of the
B/L No. TR2016010009 dated 07.01.2016 submitted with IOB showed that a total of 5
containers of 20 feet of Copper Round Rods were exported by M/s V & M Group Limted,
4th Floor, Flat D, E-Wah Factory Building, 50-60, Wong Chuk Road, Aberdeen, Hong
Kong to the consignee M/s Al Dishu Trading FZE, SM Office H1-231C, Azman Free Zone,
Azman, UAE and M/s Heights International, Ludhiana & M/s Pure Elements FZE, Dubai
UAE were declared to be notify party in the said Bill of Lading.
Hence, repayment of Buyers Credit No. 284/MISCIN/03/15 dated 05.02.2015 issued in

the name of M/s Heights International was out of 3 foreign inward remittances
received in IOB Account of M/s Heights International from M/s Al Dishu Trading FZE,
UAE (this firm also belonging to the accused Dinesh Kumar) in January, 2016 and
partially out of remittances received from M/s Vision Procon as per details
mentioned in foregoing paras.
B. 284/MISCIN/02/15 dated 04.02.2015

a) Applicant / Importer Name: M/s Heights International, SCO 8-9, Sector 17,
Chandigarh;
g) B/L No. & date: APLU051637424 dated 27.01.2015;
h) Description of goods: Tin;
j) Interest Rate: 12 months LIBOR plus 58 BP/LIBOR to reset after 180 days.
Pursuant to the SWIFT message dated 04.02.2015, one another SWIFT Message dated
05.02.2015 was sent by IOB making request therein for some amendments in LOU of
IOB, viz. one important amendment is that it is a merchanting trade transaction and
M/s Heights International is a merchant trader; that name & address of the overseas
importer (final recepient of goods) is M/s BESCO International FZE, PB No. 50424,
Hamriya Free Zone, Sharjah, UAE. It has been also declared that the shipment of the
goods would be done from Huangpu and would be delivered at Jebel Ali. Another SWIFT
Message dated 06.02.2015 has been also sent by IOB informing therein that M/s
Heights International is engaged in manufacturing activity and as well as trading
activity.
In response to the above-said Buyers Credit / LOU, one SWIFT was sent on 09.02.2015
by PNB, Dubai confirming the grant of Buyers Credit and further quoting their
Transaction Reference Number as BC56-24686HEIGH with respect to the above-said LOU
of IOB and also mentioning the following details therein:
b) Value Date: 06-02-2015;
c) Due Date: 22-01-2016;
That during the course of investigation the verification of the Bill of Lading No.
APLU051637424 dated 27.01.2015 of APL shipping line, mentioned in BC / LOU No.
284/MISCIN/02/15 dated 04.02.2015 sent by the accused Ashu Mehra, was also done
from the concerned shipping line. However, upon verification it was found that the
copy of Bill of Lading submitted by concerned Shipping Line showed different
consignee and goods to be imported vide said B/L, implying thereby that the accused
Ashu Mehra either submitted fake B/L in the bank or entered wrong B/L particulars
in the said LOU. Hence, in respect of the afore-said LOU, for which although
payments had been made before due date, but in actual no imports took place and the
import documents / particular submitted with the complainant bank were fake.
Repayment on Buyers Credit 284/MISCIN/02/15 dated 04.02.2015
> One SWIFT bearing Sender�s Reference No. 028410216000011 dated 25.01.2016 was
sent from IOB, Sector 7, Chandigarh to PNB, Dubai for payment of USD 32,09,385.90
(Indian Rs. 21,75,90,647/-) to Account No. 6550586006 of Punjab National Bank,
Dubai with the Bank of America, USA.
> The due date for sending the maturity amount was 22.01.2016 but the maturity
amount was sent actually through SWIFT message only on 25.01.2016. Therefore, PNB,
Dubai vide SWIFT message dated 03.02.2016 requested IOB to remit overdue interest
amount of USD 858.51 (at 3.21% on USD 3209385.88 for 3 days). That accordingly vide
SWIFT bearing Sender�s Reference No. 028410216000023 dated 15.02.2016 IOB, Sector
7, Chandigarh made payment of USD 858.51 to Account No. 6550586006 of Punjab
National Bank, Dubai with the Bank of America, USA. For the said purpose (making
payment of overdue interest), Dinesh Kumar as authorized signatory of M/s Heights
International submitted one letter dated 15.02.2016 to IOB, Sector 7, Chandigarh to
remit USD 858.81 as documents processing charges to the beneficiary, viz. PNB,
Dubai.
> For making the afore-said payment of USD 32,09,385.90, an amount of USD
29,48,422.49 has been received through 7 IRs (Inward Remittances) in IOB Account
No. 028402000012941 of M/s Heights International from M/s Al Dishu Trading FZE,
UAE:
Table No. 7
IR No. & dateAmount received in USDAmount received (in Rs.)28410116000009 dt.
15.01.162,69,890.511,81,44,739.0028410116000010 dt.
15.01.162,69,890.511,81,44,739.0028410116000015 dt.
25.01.165,78,567.743,92,09,536.0028410116000016 dt.
25.01.162,69,890.511,82,90,480.0028410116000017 dt.
25.01.165,45,717.743,69,83,291.0028410116000018 dt.
25.01.165,27,627.743,57,57,332.0028410116000019 dt.
25.01.164,86,837.743,29,92,994.00Total29,48,422.4919,95,23,111.00
The afore-said payments were received in IOB Account of M/s Heights International
from M/s Al Dishu Trading FZE, UAE (by accused Dinesh Kumar); that Dinesh Kumar has
stated to be working as per say of the accused Ashu Mehra. Besides the above, the
following payments were also received through RTGS in IOB Account of M/s Heights
International:
Table No. 8
Sr. No.Date of receiptDetails of senderRTGS amount credited (in
Rs.)Remarks120.01.16UCO Bank Account No. 04880210001585 of M/s Mekaster Engineering
Limited69,72,490.00This payment received on account of repayment of funds invested
by M/s Heights International / M/s Colour Wave (HK) Ltd. for import and
installation of Vapour Recovery Units by Mekaster Group for HPCL.225.01.16State
Bank of Patiala (now SBI) Account No. 65217110302 of M/s Vision Procon
1,15,00,000.00For making these payments there have been various inter-account
transfers from bank accounts of group firms of Gaurav Kirpal, viz. M/s Saibhakti
Impex Pvt. Ltd., M/s Omkara Worldwide Traders Pvt. Ltd., M/s Best Exports, etc.
with some of these payments being also linked to the foreign inward remittances
from UAE based firms M/s Al Dishu Trading FZE and M/s Besco International
FZE.325.01.16IndusInd Bank Account No. 259872848167 of M/s Vision
Procon15,00,000.00Total1,99,72,490.00
Table No. 9
Sr. No.Date of OROR Transaction detailsAmount sent (in
Rs.)125.01.201611/164,34,73,602.00225.01.201611/164,30,68,054.00325.01.201611/164,3
7,80,836.00425.01.201611/163,29,93,697.00525.01.201611/161,00,26,283.00625.01.20161
1/164,42,48,175.00Total21,75,90,647.00
> For making repayments to the said Buyers Credit, Ashu Mehra obtained letter dated
25.01.2016, from the accused Dinesh Kumar, who acted as an authorised signatory of
M/s Heights International. As per the said letter and 5 import invoices submitted,
M/s Heights International requested the Indian Overseas Bank, Sector 7, Chandigarh
to remit an amount of USD 32,09,385.90 to the supplier M/s Pure Elements FZE, 1101-
A, 11th Floor, Rakia Tower-II, Ras Al Khaimah, Dubai, UAE against the following 5
Invoices to PNB, Dubai having Intermediary Account No. 6550586006 in Bank of
America by utilizing the IR of USD 24,08,890.00 in their account from M/s Al Dishu
Trading FZE, UAE (these are only 5 IRs received on 25.01.2016) and to thereafter
utilize the balance payment from their account. The invoices issued by M/s Pure
Elements FZE, UAE to M/s Heights International for sale of Copper Round Rods,
submitted for the said purpose with IOB are as given below:
Table No. 10
07.01.20166,33,553.83536/HE/16 dated 07.01.20166,52,820.52TOTAL32,09,385.90
The copies of the said Invoices show that M/s Heights International (consignee) was
to import Copper Round Rods from M/s Pure Elements FZE, 1101-A, 11th Floor, Rakia
Tower 11, Ras Al Khaimah, UAE; that the invoices showed port of loading as Chiwan,
China and port of discharge as Jebel Ali, Dubai. However, the copy of the B/L No.
TR2016010009A dated 07.01.2016 submitted with IOB showed that a total of 5
UAE were declared to be only notify party in the said Bill of Lading.

the name of M/s Heights International was out of 7 foreign inward remittances
UAE (this firm also belonging to the accused Dinesh Kumar) in January, 2016 and
partially out of remittances received from M/s Vision Procon and M/s Mekaster
Engineering Ltd. as per details mentioned in foregoing paras.
C. 284/MISCIN/07/15 dated 07.03.2015
a) Applicant / Importer Name: M/s Vision Procon, Waheguru Complex, Near Basti
Chowk, Ludhiana;
g) B/L No. & date: GOSUQIN3758509 dated 15.02.2015;
h) Description of goods: Nickel Ingots;
j) Interest Rate: 12 months LIBOR plus 55 BP/LIBOR.
In response to the above said LOU sent by IOB, one SWIFT was sent on 09.03.2015 by
PNB, Dubai confirming the above-said Buyers Credit and further quoting their
Transaction Reference Number as BC56-25093VISIO with respect to the above-said LOU
of IOB wherein following details are mentioned:
b) Value Date: 09-03-2015;
c) Due Date: 10-02-2016;
One another confirmation SWIFT sent on 10.03.2015 by PNB, Dubai quoting their
of IOB requesting therein to treat as Null & Void the earlier SWIFT dated
09.03.2015 and further the following details were also mentioned therein:
b) Value Date: 09-03-2015;
c) Due Date: 10-02-2016;
That during the course of investigation the verification of the Bill of Lading No.
GOSUQIN3758509 dated 15.02.2015 was done and the same was provided by M/s Star
Shipping Services (India) Pvt. Ltd. who have provided copies of said Bill of Lading
alongwith their corresponding Bill of Entry vide their letter dated 29.05.2017,
mentioned in BC / LOU No. 284/MISCIN/07/15 dated 07.03.2015 sent by the accused
Ashu Mehra, was also done from the concerned shipping line. However, upon
verification it was found that the copy of Bill of Lading submitted by concerned
Shipping Line showed different consignee and goods to be imported vide said B/L,
implying thereby that the accused Ashu Mehra either submitted fake B/L in the bank
or entered wrong B/L particulars in the said LOU. Hence, in respect of the afore-
said LOU, for which although payments had been made before due date, but in actual
no imports took place and the import documents / particular submitted with the
complainant bank were fake.
Repayment of Buyers Credit No. 284/MISCIN/07/15 dated 07.03.2015

to Account No. 6550586006 of Punjab National Bank, Dubai with the Bank of America,
USA.
> On due date instead of debiting the said amount to the account of the applicant
M/s Vision Procon, it was debited to the Current Account No. 028402000012941 of M/s
Heights International. For making the afore-said payment of USD 34,49,493.71, an
(equivalent to Rs. 23,46,00,068.00) has been received through 8 IRs (Inward
Remittances), in IOB Account No. 028402000012941 of M/s Heights International from
M/s Al Dishu Trading FZE, UAE on 11.02.2016 itself.
amount was sent actually through SWIFT message only on 11.02.2016. Therefore, PNB,
Dubai vide SWIFT message dated 15.02.2016 requested IOB to remit overdue interest
amount of USD 313.33 (at 3.27% on USD 3449493.71 for 1 day). That accordingly vide
SWIFT bearing Sender�s Reference No. 0284102160000024 dated 15.02.2016, IOB, Sector
7, Chandigarh made payment of USD 313.33 (Rs. 21,369.00 debited from IOB Account of
M/s Heights International) to Account No. 6550586006 of Punjab National Bank, Dubai
with the Bank of America, USA.
> For making the said payments in respect of the said Buyers Credit, the following
amounts have been sent through ORs (Outward Remittances) from IOB Account No.
028402000012941 of M/s Heights International to PNB, Dubai Account No. 6550586006
with Bank of America, New York, USA.
Table No. 11
Sr. No.OR detailsAmount (in Rs.)122/16 dt. 11.02.164,68,77,389.00222/16 dt.
11.02.164,67,15,743.00322/16 dt. 11.02.164,67,48,072.00422/16 dt.
11.02.164,67,97,550.00522/16 dt. 11.02.164,74,61,314.00Total23,46,00,068.00
> For making repayments to the said Buyers Credit, accused Ashu Mehra obtained
letter dated 11.02.2016, from the accused Dinesh Kumar, who acted as an authorised
signatory of M/s Heights International. As per the said letter, M/s Heights
International submitted that they have received payment of USD 42,73,782.62 from
M/s Al Dishu Trading FZE on account of advance for supply of Copper Bars and
further it was requested to utilize the said IR to make payment of USD 34,49,493.71
to M/s Pure Elements FZE, 1101-A, 11th Floor, Rakia Tower-II, Ras Al Khaimah,
Dubai, UAE against Ref. No. BC 5625092visio. However, the copies of invoices issued
by M/s Pure Elements FZE, UAE to M/s Heights International for sale of Copper Bars
were also found to have been submitted with IOB which are as given below:
Table No. 12
06.01.20166,88,098.08522/HE/16 dated 07.01.20166,97,857.87TOTAL34,49,493.71
was to import Copper Bars from M/s Pure Elements FZE, 1101-A, 11th Floor, Rakia
TR2016020009 dated 04.02.2016 submitted with IOB showed that a total of 5
containers of 20 feet of Copper Bars were exported by M/s V & M Group Limted, 4th
Floor, Flat D, E-Wah Factory Building, 50-60, Wong Chuk Road, Aberdeen, Hong Kong
to the consignee M/s Al Dishu Trading FZE, SM Office H1-231C, Azman Free Zone,
UAE were declared to be notify party in the said Bill of Lading. The said B/L
provided by IOB donot have container details mentioned on them.
> Hence, repayment of Buyers Credit No. 284/MISCIN/07/15 dated 07.03.2015 issued in
the name of M/s Vision Procon was completely out of 8 foreign inward remittances
UAE (this firm also belonging to the accused Dinesh Kumar) on 11.02.2016 as per
details mentioned in foregoing paras.
D. 284/MISCIN/08/15 dated 07.03.2015

Afore-said Buyers Credit dated 07.03.2015 was sent by Ashu Mehra, accused from IOB,
Sector 7, Chandigarh wherein the following details were mentioned therein:
Chowk, Ludhiana;
e) Buyers Credit amount (in USD): 33,65,729.00
f) Due date of BC: 07.02.2016
g) B/L No. & date: WHT1412170 dated 07.02.2015
h) Description of goods: Nickel Ingots
i) Tenure of Loan: 360 days
Pursuant to the above-said Buyers Credit / LOU sent by the IOB, one confirmation
SWIFT was sent on 09.03.2015 by PNB, Dubai quoting their Transaction Reference
Number as BC56-25092VISIO and mentioning therein following details:
a) Amount: USD 3365729.00;
b) Value Date: 09-03-2015;
c) Due Date: 02-02-2016;
f) Interest: USD 38257.12; and
One another confirmation SWIFT was sent on 10.03.2015 by PNB, Dubai quoting their
of IOB requesting therein to treat as Null & Void the earlier SWIFT dated
09.03.2015 and further the following details were also mentioned therein:
b) Value Date: 09-03-2015;
c) Due Date: 02-02-2016;
Repayment of Buyers Credit No. 284/MISCIN/08/15 dated 07.03.2015
to Account No. 6550586006 of Punjab National Bank, Dubai with the Bank of America,
USA.
> On due date instead of debiting the said amount to the account of the applicant
M/s Vision Procon, it was debited to the Current Account No. 028402000012941 of M/s
Heights International. For making the afore-said payment of USD 34,04,911.71, an
equivalent amount of USD 34,04,911.70 (Rs. 23,11,93,507.00) has been received
through 6 IRs (Inward Remittances), in IOB Account No. 028402000012941 of M/s
Heights International from M/s Al Dishu Trading FZE, UAE on 02.02.2016 itself.
Table No. 13
Sr. No.OR detailsAmount (in Rs.)117/16 dt. 02.02.164,63,29,406.00217/16 dt.
02.02.164,58,43,433.00317/16 dt. 02.02.164,61,67,415.00417/16 dt.
02.02.164,63,29,406.00517/16 dt. 02.02.164,65,23,843.00Total23,11,93,503.00
> For making repayments to the said Buyers Credit, one application for drawal of
foreign exchange was obtained from the accused Dinesh Kumar, who acted as an
authorised signatory of M/s Heights International wherein declaration was given to
IOB to remit USD 3404911.70 for purchase of Copper Round Rods. Copies of invoices
issued by M/s Pure Elements FZE, UAE to M/s Heights International for sale of
Copper Bars were also found to have been submitted with IOB which are as given
below:
Table No. 14
11.01.20166,82,318.21544/HE/16 dated 11.01.20166,85,181.78TOTAL34,04,911.70
was to import Copper Bars from M/s Pure Elements FZE, 1101-A, 11th Floor, Rakia
TR2016020002 dated 27.01.2016 submitted with IOB showed that a total of 5
UAE were declared to be notify party in the said Bill of Lading. The said B/L
provided by IOB have container which are not legible.

E. 284/MISCIN/09/15 dated 13.03.2015

Afore-said Buyers Credit dated 07.03.2015 was sent by Ashu Mehra, accused from IOB,
Sector 7, Chandigarh wherein the following details were mentioned therein:
Chowk, Ludhiana.
c) Beneficiary Account: 848621256838 in HSBC, Hong Kong
d) BC Bank: Bank of Baroda, Bahamas
e) Buyers Credit amount (in USD): 29,88,768.00
f) Due date of BC: 17.02.2016
g) Invoice No. & date: COL/00187/15 dated 25.02.2015
h) Description of goods: Nickel Ingots
i) Tenure of Loan: 340 days
Bank of Baroda, Bahamas vide SWIFT message sent on 16.03.2015 confirmed the grant
of the above-said Buyers Credit and also quoted their Transaction Reference Number
as 93110600003506 with respect to the above-said LOU of IOB wherein following
details were mentioned:
a) Amount: USD 29,88,768.00
b) Period of loan: 13-03-2015 to 16-02-2016;
c) Due Date: 16-02-2016;
e) Rate of Interest: 1.25335 plus USD 50 towards intermediary charges;
f) Interest: USD 35378.63 PLUS USD 50.
Repayment for Buyers Credit No. 284/MISCIN/09/15 dated 13.03.2015
amount was sent actually through SWIFT message only on 17.02.2016. Therefore, Bank
of Baroda, Bahamas vide SWIFT message dated 17.02.2016 requested IOB to remit as
buyers credit payment an amount of USD 3024196.63 plus penal interest for one day
USD 273.30 i.e. total USD 30,24,469.93.
> That accordingly one SWIFT bearing Sender�s Reference No. 028410216000026 dated
17.02.2016 was sent from IOB, Sector 7, Chandigarh to PNB, Dubai for payment of USD
30,24,469.93 to Account No. 36152532 of Bank of Baroda, Bahamas with Citi Bank, New
York.
> On 17.02.2016, instead of debiting the said amount to the account of the
applicant M/s Vision Procon, it was debited to the Current Account No.
028402000012941 of M/s Heights International. For making the afore-said payment, an
amount of USD 30,24,469.93 (equivalent to Rs. 20,70,55,210.00) has been received
through 10 IRs (Inward Remittances), in IOB Account No. 028402000012941 of M/s
Heights International from M/s Al Dishu Trading FZE, UAE on 17.02.2016 itself. The
details of IRs are as given below:
Table No. 15
Sr. No.IR details Amount (in Rs.)1028410116000056 dt.
17.02.20163,66,40,322.002028410116000057 dt.
17.02.201613,65,127.003028410116000058dt. 17.02.20162,84,52,696.004028410116000059
dt. 17.02.20161,84,80,127.005028410116000060 dt.
17.02.20164,27,03,139.006028410116000061 dt.
17.02.20164,46,43,296.007028410116000062 dt.
17.02.20162,77,44,819.008028410116000063 dt. 17.02.201617,07,427.009028410116000064
dt. 17.02.201617,07,427.0010028410116000065 dt.
17.02.201636,10,830.00Total20,70,55,210.00
> For making the re-payments in respect of the said Buyers Credit, the following
amounts have been sent through one single OR (Outward Remittances) from IOB Account
No. 028402000012941 of M/s Heights International to PNB, Dubai Account No.
6550586006 with Bank of America, New York, USA by debiting the following amounts on
the said date from IOB Account of M/s Heights International:
Table No. 16
Sr. No.OR detailsAmount debited (in Rs.)126/16 dt. 17.02.164,16,67,941.00226/16 dt.
17.02.164,10,16,785.00326/16 dt. 17.02.164,12,60,932.00426/16 dt.
17.02.164,15,86,113.00526/16 dt. 17.02.164,15,23,441.00Total20,70,55,212.00
> For making repayments to the said Buyers Credit, one letter dated 17.02.2016 was
obtained from M/s Heights International duly signed by the accused Dinesh Kumar (as
its authorized signatory), wherein it was submitted that they have who acted as an
authorised signatory of M/s Heights International wherein declaration was given to
IOB that they have received payment of USD 34,19,707.30 approx. from M/s Al Dishu
Trading FZE on account of advance for supply of Copper Bars and that the same may
be utilized to make payment of USD 30,24,469.93 for purchase of Copper Round Rods
from M/s Presto Recycling, Free Port, Grand Bahamas, F-41759 at the same rate
against Ref. No. 93110600003506. Few copies of invoices said to have been issued by
M/s Presto Recycling, Free Port, Grand Bahamas, as submitted by IOB, for import of
Copper Scrap by M/s Heights International have the following details mentioned on
them:
Table No. 17
Sr. No.Invoice No.Amount (in USD)1PR/16/053 dated 22.01.2016 (Copper Scrap
sale)6,06,262.502PR/16/054 dated 22.01.2016 (Copper Scrap
sale)6,08,646.526PR/16/058 dated 22.01.2016 (Bank Charges)273.30TOTAL34,04,911.70
> The copies of the said 5 Invoices show that M/s Heights International (consignee)
was to import Copper Scrap from M/s Presto Recycling, Free Port, Grand Bahamas;
that the invoices showed port of loading as Ningbo, China and port of discharge as
Jebel Ali, Dubai and also details of Bank of Baroda, Bahamas Account No. 36152532
in Citi Bank, New York written on it. However, the copy of the B/L No. TR2016020079
dated 09.02.2016 submitted with IOB showed that a total of 5 containers of 20 feet
of Copper Round Rods were exported by M/s V & M Group Limted, 4th Floor, Flat D, E-
Wah Factory Building, 50-60, Wong Chuk Road, Aberdeen, Hong Kong to the consignee
M/s Al Dishu Trading FZE, SM Office H1-231C, Azman Free Zone, Azman, UAE and M/s
Heights International, Ludhiana & M/s Pure Elements FZE, Dubai UAE were declared to
be notify party in the said Bill of Lading.

4.6 That during the investigation conducted by the Directorate of Enforcement,

Chandigarh Zonal Office, the details of the previous LCs (Letters of Credit) and
Buyers Credit issued by the accused Ashu Mehra were obtained and it was found that
the following fraudulent Letters of Credit were also issued by the accused Ashu
Mehra, while working in IOB, for which LCs were not opened as per norms, these were
not referred to Branch Head and further that the party had no limit for LC or any
other limit. It was also reported by the complainant bank that there were no import
documents and also that these LCs were not entered in the CBS. However, in these
cases the repayments have been reported to be made and hence there is no liability
on the Indian Overseas Bank.
Table No. 18
Sr. No. Letter of Credit (LC) Reference No. and dateApplicant NameBeneficiary
NameLC Bank Amount in USD 1284/MISCIN/39/11 dt. 20.12.2011M/s Globus Greeen Energy,
SCO 8-9, Sector 17B, ChandigarhM/s Paras International Creation Ltd., Flat 609A 6/F
Fook Cheong Building, 63 Hoi Yuen Road Kwun Tong KL Hong KongHSBC, Hong Kong
5,60,000.00 2284/MISCIN/06/12 dt. 14.03.2012DoM/s Paras International Creation
Ltd., Flat 609A 6/F Fook Cheong Building, 63 Hoi Yuen Road Kwun Tong KL Hong
KongHSBC, Hong Kong 3,54,000.00 3284/MISCIN/20/12 dt. 10.08.2012DoM/s Paras
International Creation Ltd., Flat 609A 6/F Fook Cheong Building, 63 Hoi Yuen Road
Kwun Tong KL Hong KongHSBC, Hong Kong 5,80,000.00 4284/IOBNSI/31/12 dt.
03.10.2012M/s G G Energy, SCO 8-9, Sector 17, ChandigarhM/s Paras International
Creation Ltd., Flat 609A 6/F Fook Cheong Building, 63 Hoi Yuen Road Kwun Tong KL
Hong KongHSBC, Hong Kong 5,94,000.00 5284/IOBNSI/33/12 dt. 17.12.2012M/s Kissan
Fats, HR Link Road, ChandigarhM/s Paras International Creation Ltd., Flat 609A 6/F
Fook Cheong Building, 63 Hoi Yuen Road Kwun Tong KL Hong KongHSBC, Hong Kong
14,95,000.00 6284/HKBCTR/07/13 dt. 04.03.2013M/s Kissan Fats, HR Link Road,
ChandigarhM/s Paras International Creation Ltd., Flat 609A 6/F Fook Cheong
Building, 63 Hoi Yuen Road Kwun Tong KL Hong KongHSBC, Hong Kong 14,81,250.00
7284/JPMCNY/12/13 dt. 14.05.2013M/s Kissan Fats, HR Link Road, ChandigarhM/s Paras
International Creation Ltd., Unit 9 I/F, Mau Lam Comm BLDG, 16-18, Mau Lam St.
Jordan, Kowloon, Hong KongHSBC, Hong Kong 14,95,000.00 8284/HKBCTR/13/13 dt.
13.06.2013M/s G G Energy, SCO 8-9, Sector 17, ChandigarhJoint Cheer Hong Kong
Industrial Limited, 903, Dannies House, 20, Luard Road, Wanchai, Hong KongHSBC,
Hong Kong 19,65,000.00 9284/HKBCTR/18/13 dt. 04.07.2013M/s GG Energy, SCO 8-9,
Sector 17B, ChandigarhM/s Paras International Creation Ltd., Unit 9 I/F, Mau Lam
Comm BLDG, 16-18, Mau Lam St. Jordan, Kowloon, Hong KongHSBC, Hong Kong
17,95,000.00 10284/HKBCTR/21/13 dt. 19.07.2013M/s GG Energy, SCO 8-9, Sector 17B,
ChandigarhM/s Paras International Creation Ltd., Unit 9 I/F, Mau Lam Comm BLDG, 16-
18, Mau Lam St. Jordan, Kowloon, Hong KongHSBC, Hong Kong 19,85,000.00
11284/HKBCTR/23/13 dt. 02.09.2013M/s Best Exports, SCO 291, 2nd Floor, Sector 35D,
12284/HKBCTR/24/13 dt. 10.09.2013M/s Best Exports, SCO 291, 2nd Floor, Sector 35D,
13284/IOBNSI/27/13 dt. 08.11.2013*M/s Heights International, SCO 8-9, Sector 17B,
Chandigarh Borsig Membrane Technology GMBH, Egellsstrabe21, 13507 BerlinBank of
Nova Scotia, London 4,00,500.00 14284/IOBNSI/26/13 dt. 13.11.2013M/s Omkara
Worldwide Traders Pvt. Ltd., SCO 291, 1st Floor, Sector 35D, Chandigarh M/s Paras
International Creation Ltd., Unit 9 I/F, Mau Lam Comm BLDG, 16-18, Mau Lam St.
Jordan, Kowloon, Hong KongBank of Nova Scotia, Hong Kong 19,86,160.00 ��TOTAL�
172,12,146.00
* In case of LC No. 284/IOBNSI/27/13 dated 08.11.2013, it was found that the said
LC was not referred to the Branch Head; that on 10.12.2013, with the same LC
Number, Applicant and Beneficiary�s name, but amount of LC as USD 40,000.00 was
referred to the Branch Head to be sanctioned against 100% deposit margin. This was
approved by the Branch Head. LC sanction was only for USD 40000 (INR 24.99 lacs for
180 days but while sending SWIFT it was fraudulently enhanced to USD 400500.00.
Apart from the fraudulent unpaid / paid Buyers Credit, mentioned in Table Nos. 1
and 3 issued by the accused Ashu Mehra, while working in IOB, the following other
Buyers Credit were also not opened as per norms, these were not referred to Branch
Head and that these BCs were not entered in the CBS. However, in these cases the
repayments have been reported to be made and hence there is no liability on the
Indian Overseas Bank.
Table No. 19
Sr. No. Buyers Credit (BC) Reference No. and dateApplicant NameBeneficiary NameBC
Bank detailsAmount in USD 1284/MISCBC/39/11 dated 04.06.2012M/s G G Energy Pvt.
Ltd., SCO 8 and 9, Sector 17D, Chandigarh.M/s Paras International Creation Ltd., P-
1/F, Maulam Comm Bldg, 16-18, Mau Lam St. Jordan, Kowloon, Hong Kong.PNB,
Dubai5,60,000.002284/BEST/BC/13 dated 13.09.2013M/s Best Exports, SCO No. 291,
Sector 35-A, Chandigarh.M/s Paras International Creation Ltd., P-1/F, Maulam Comm
Bldg, 16-18, Mau Lam St. Jordan, Kowloon, Hong Kong.Bank of India, Hong
Kong54,663.003284/BCBEST/02/13 dated 24.09.2013M/s Best Exports, SCO No. 291,
Sector 35-A, Chandigarh.M/s Colour Wave (HK) Limited, Hong Kong;Bank of Baroda, New
York4,93,750.004284/HKBCTR/23/13 dated 19.11.2013 & Rollover BC No.
284/HKBCTR/23/13 dated 17.05.2014M/s Best Exports, SCO 291, Sector 35,
Chandigarh.M/s Paras International Creation Ltd., P-1/F, Maulam Comm Bldg, 16-18,
Mau Lam St. Jordan, Kowloon, Hong Kong.PNB, Dubai15,26,940.005284/MISCBC/03/13
dated 22.11.2013 & Rollover BC No. 284/MISCBC/03/13 dated 19.05.2014M/s Best
Exports, SCO 291, Sector 35, Chandigarh.M/s Paras International Creation Ltd., P-
1/F, Maulam Comm Bldg, 16-18, Mau Lam St. Jordan, Kowloon, Hong Kong.PNB,
Dubai9,94,296.006284/MISCBC/05/13 dated 24.12.2013M/s Heights International, SCO 8-
9, Sector 17, Chandigarh;M/s Paras International Creations Limited, Hong Kong;PNB,
Dubai3,98,250.007284/HKBCTR/18/13 dated 04.01.2014M/s G G Energy, SCO 8 and 9,
Sector 17-B, ChandigarhM/s Paras International Creation Ltd., P-1/F, Maulam Comm
Bldg, 16-18, Mau Lam St. Jordan, Kowloon, Hong Kong.PNB,
Dubai17,65,000.008284/HKBCTR/21/13 dated 10.01.2014M/s G G Energy, SCO 8 and 9,
Sector 17-B, ChandigarhM/s Paras International Creation Ltd., P-1/F, Maulam Comm
Bldg, 16-18, Mau Lam St. Jordan, Kowloon, Hong Kong.PNB,
Dubai19,85,000.009284/MISCBS/01/14 dated 05.03.2014 M/s Heights International,
1681/2-A/5, New Subhash Nagar, Bhagwan Nagar Road, Basti Jodhewal, Ludhiana.M/s
Colour Wave Limited, Unit A, 5/F, Eastern Flower Center, 22-24, Cameron Road, Tsim
Sha Tsui, Kowloon, Hong KongPNB, Dubai19,85,870.0010284/MISCBC/27/13 dated
15.05.2014 M/s Heights International, SCO 8-9, Sector 17, ChandigarhM/s Colour Wave
(HK) Limited, G/F, CAR PO Commercial Building, 18-20, Lyndhurst Terrace, Central
Hong KongBank of Baroda, Bahamas10,15,730.0011284/MISCBC/26/13 dated 15.05.2014 M/s
Heights International, SCO 8-9, Sector 17, ChandigarhM/s Colour Wave Limited, Unit
A, 5/F, Eastern Flower Center, 22-24, Cameron Road, Tsim Sha Tsui, Kowloon, Hong
KongBank of Baroda, Bahamas27,34,451.0012284/MISCBC/12/14 dated 13.06.2014 M/s
Heights International, 1681/2-A/5, New Subhash Nagar, Bhagwan Nagar Road, Basti
Jodhewal, Ludhiana.M/s Colour Wave Limited, Unit A, 5/F, Eastern Flower Center, 22-
24, Cameron Road, Tsim Sha Tsui, Kowloon, Hong KongPNB,
Dubai20,13,610.0013284/MISCBC/19/14 dated 27.06.2014 M/s Heights International,
Sha Tsui, Kowloon, Hong KongPNB, Dubai14,02,805.0014284/MISCBC/21/14 dated
03.07.2014 M/s Heights International, 1681/2-A/5, New Subhash Nagar, Bhagwan Nagar
Road, Basti Jodhewal, Ludhiana.M/s Colour Wave Limited, Unit A, 5/F, Eastern Flower
Center, 22-24, Cameron Road, Tsim Sha Tsui, Kowloon, Hong KongPNB,
Dubai20,00,569.0015284/MISCBC/24/14 dated 08.07.2014 M/s Heights International,
Sha Tsui, Kowloon, Hong KongPNB, Dubai10,26,593.0016284/IOBNSI/26/14 dated
23.07.2014 M/s Omkara Worldwide Traders Pvt. Ltd., SCO 291, 1st Floor, Sector 35-D,
Chandigarh.M/s Paras International Creation Ltd., P-1/F, Maulam Comm Bldg, 16-18,
Mau Lam St. Jordan, Kowloon, Hong Kong.PNB, Dubai20,00,669.8617284/MISCBC/28/14
dated 30.07.2014 M/s G G Energy Pvt. Ltd., SCO 8 and 9, Sector 17D, Chandigarh.M/s
Colour Wave (HK) Limited, G/F, CAR PO Commercial Building, 18-20, Lyndhurst
Terrace, Central Hong KongPNB, Dubai31,30,960.0018284/MISCIN/35/14 dated
10.09.2014M/s Heights International, SCO 8-9, Sector 17, Chandigarh;M/s Colour Wave
(HK) Limited, Hong Kong;PNB, Dubai31,00,996.0019284/MISCIN/36/14 dated
17.09.2014M/s Heights International, SCO 8-9, Sector 17, Chandigarh;M/s Colour Wave
(HK) Limited, Hong Kong;PNB, Dubai25,23,025.0020284/MISCIN/38/14 dated
10.10.2014M/s G G Energy, SCO 8-9, Sector 17, ChandigarhM/s Colour Wave (HK)
Limited, Hong Kong;PNB, Dubai31,17,532.0021284/MISCBC/43/14 dated 19.12.2014M/s
Heights International, SCO 8-9, Sector 17, Chandigarh;M/s Colour Wave (HK) Limited,
Hong Kong;PNB, Dubai32,68,930.00��Total�334,69,990.86
It is further informed that during the course of investigation, verification of the
Bill of Lading No. OOLU2554621220 dated 29.11.2014 mentioned in LOU No.
284/MISCBC/43/14 dated 19.12.2014 was also done from OOCL Shipping line. A copy of
the said Bill of Lading was forwarded vide email dated 25/05/2017 10:51 AM by the
shipping line. Also certified copies of the corresponding Bill of Entry, Invoice,
Packing List and Bill of Lading was obtained from the Customs broker firm M/s
Intermodel Cargo Movers who have submitted the same vide their letter dated
12/06/2017. However, upon verification it was found that the copy of Bill of Lading
submitted by concerned Shipping Line showed different consignee and goods to be
imported vide said B/L, implying thereby that the accused Ashu Mehra either
submitted fake B/L in the bank or entered wrong B/L particulars in the said LOU.
Some of the afore-said Buyers Credit were opened for re-payment of fraudulent LCs
whereas for some of these Buyers Credit, roll over was also obtained from the
funding bank in which case the due date for payment of these Buyers Credit is
extended by payment of the interest amount.
That however the investigation in respect of these Letters of Credit (details

mentioned in Table No. 18) and Buyers Credit (details mentioned in Table No. 19) is
still continuing and the completion of the same would require some more time after
which supplementary prosecution complaint, if any, would be filed in this matter.
4.7 That during the course of investigation it has been found that the bank account
operations company of the HSBC Account Nos. 053148250838, 112433461838 and
848621256838 of the Hong Kong based companies M/s Paras International Creation
Ltd., M/s Colour Wave Limited and M/s Colour Wave (H K) Ltd. was looked after by
the accused Amanpreet Singh Sodhi.
4.8 That the investigation conducted in this matter has further revealed that the
accused Amanpreet Singh Sodhi used to obtain Buyers Credit offer letters, as per
advice of the accused Ashu Mehra, from the overseas funding banks, viz. PNB, Dubai
and Bank of Baroda. That for the said purpose the accused Amanpreet Singh Sodhi was
in contact with one broker M/s Nextgen Financial Services, FF � 15, Omaxe Park
Plaza, Shakti Khand � II, Indirapuram, Ghaziabad, Uttar Pardesh � 201010 having one
Nitin Girdhar as its proprietor. This fact is apparently clear from statements
dated 28.07.2017 of Amanpreet Singh Sodhi and also 18.08.2017 and 04.09.2017 of
Nitin Girdhar of M/s Nextgen Financial Services recorded under Section 50 of the
Prevention of Money Laundering Act, 2002. Nitin Girdhar has specifically admitted
in his voluntary statements recorded under Section 50 of the PML Act, 2002 of
having arranged Buyers Credit quote / offer letters from the overseas bank branches
in respect of Indian import companies / firms M/s Sai Bhakti Impex Pvt. Ltd., M/s
Vision Procon, M/s Heights International, M/s GG Energy, M/s Best Exports, M/s
Omkara Worldwide Traders Pvt. Ltd. and further that he was in contact with the
accused Amanpreet Singh Sodhi, having contact number 9501007218 and email id:
#HYPERLINK "mailto:amansodhi75@yahoo.com"#amansodhi75@yahoo.com#, for the said
purpose. In his this statement, Nitin Girdhar has also submitted a list of all the
buyers credit transactions handled by him as per say of Amanpreet Singh Sodhi.
Nitin Girdhar has further revealed that the mode of disbursal of the Buyers Credit
payment by the overseas bank branches to the beneficiary / overseas exporter on
account of the imports made by the applicant Indian import firms / companies (in
cases of buyers credit handled as per say / instructions of Amanpreet Singh Sodhi)
wherein he has stated that the disbursal of the Buyers Credit payment was made as
per instructions issued by the LOU issuing bank of the Indian importer; that these
disbursals were made through two ways as details below:
1) one is MT 103 in which the LOU issuing bank directs the overseas bank branch to
make disbursal of the buyers credit payment directly to the bank account of the
overseas exporter;
2) the second is MT 202 in which the LOU issuing bank directs the overseas bank
branch to make disbursal of the buyers credit payment by way of debiting the nostro
account of the LOU issuing bank; that thereafter the final payment is made from the
nostro account of the LOU issuing bank to the bank account of the overseas
exporter.
That the LOU issuing bank branch in the case of buyers credit transactions (handled
as per say of accused Amanpreet Singh Sodhi) was Indian Overseas Bank, Sector 7,
Chandigarh; that the accused Amanpreet Singh Sodhi had categorically stated to him
that he didnot want any disbursal of payments on account of buyers credit to be
made through MT 202 and instead wanted disbursals to be made directly into the bank
account of the overseas exporter through MT 103; that he (Nitin) contacted many
overseas branches of Indian bank; that however at that time only Punjab National
Bank, Dubai informed that they were allowing disbursals through MT 103 and hence
buyers credit quotes were obtained from PNB, Dubai only; that after getting 3 or 4
quotes of buyers credit from PNB, Dubai with payments being allowed through MT 103,
he telephonically represented to one Mukesh Wason, Chief Executive, Bank of Baroda,
Bahamas who asked for some time and reverted after few days that he can permit MT
103 disbursal of Buyers Credit also; that similarly, State Bank of India, Osaka
also agreed for MT 103 disbursals of buyers credit; that however despite offering
cheaper interest rates, Amanpreet Singh Sodhi denied for any buyers credit
transaction in which the funding bank is State Bank of India; that hence, Buyers
Credit quote was obtained only from Punjab National Bank, Dubai and Bank of Baroda,
Bahamas; that hence, instead of competitive rates, disbursals of payments of buyers
credit through MT 103 was the sole criteria for availing of buyers credit on behalf
of various Indian import firms / companies by the accused Amanpreet Singh Sodhi.
Nitin Girdar has further admitted in his this statement that these offer letters
were sent by email to the accused Amanpreet Singh Sodhi on his email id #HYPERLINK
"mailto:amansodhi75@yahoo.com"#amansodhi75@yahoo.com# for onward submission to the
importer�s bank for issuance of necessary LOU; that he did not know Dinesh Kumar
(Proprietor of M/s Vision Procon), Gaurav Kirpal and Aman Kirpal (Directors in M/s
Saibhakti Impex Pvt. Ltd.) and Ashu Mehra, Ex-Manager, Indian Overseas Bank,
Chandigarh.
4.9 That the investigation conducted so far has also revealed that in a similar
fashion fraudulent Buyers Credit / LOUs were issued through SWIFT messages by the
accused Ashu Mehra since 2013 and fraudulent LCs (Letters of Credit) were issued
through SWIFT Messages by the accused Ashu Mehra since 2011 / 2012. The payments of
these past Buyers Credit and Letters of Credit have been credited in the HSBC
Accounts of the Hong Kong based companies M/s Colour Wave (H K) Ltd. (A/c No.
848621256838), M/s Colour Wave Limited (A/c No. 112433461838) and M/s Paras
International Creations Limited (A/c No. 053148250838). That however it was noticed
that the payments were made back to the overseas funding banks in case of
fraudulent LOUs / overseas banks of the suppliers in case of LCs in time before due
date. That the investigation in respect of these is still pending and
supplementary complaint would be filed in respect of these.
4.10 That payments were pending to be made to the overseas funding bank only in
case of 14 fraudulently issued unpaid Buyers Credit / LOUs to the Indian applicant
importers, as per details mentioned in Table No. 1 above, which had resulted in
creation of liability to the tune of USD 44.60 million (equivalent to Rs. 299
crores, approx.) on the Indian Overseas Bank Branch at Sector 7, Chandigarh.
4.11 That the investigation conducted has revealed that the proceeds of crime so
accumulated into the HSBC bank accounts of the Hong Kong based companies M/s Colour
Wave (H K) Ltd. (A/c No. 848621256838), M/s Colour Wave Limited (A/c No.
112433461838) and M/s Paras International Creations Limited (A/c No. 053148250838)
were credited into the following bank accounts by way of foreign inward remittances
either directly or by routing of the same through the 2 UAE based firms M/s Besco
International FZE and M/s Al Dishu Trading FZE; that however only in respect of
some parties only, relevant export bills were submitted by the account holders
showing the same to be remittances on accounts of exports made by them. It was also
revealed during investigation that Atul Kumar Garg of M/s Besco International FZE,
UAE had established one more firm M/s Vardan Garments Trading LLC in UAE in August,
2016 wherein also he was sending foreign remittances to firms / companies as per
say of Gaurav Kirpal. The details of the bank accounts of the Indian firms /
companies wherein foreign inward remittances were received are as given below:
Table No. 20
Sr. No.Name of the firm / companyAccount Number Bank Name and branch1M/s Heights
International028402000012941Indian Overseas Bank, Sector 7,
Chandigarh000011188460028Deutsche Bank, Pakhowal Road, Ludhiana2M/s Globus Green
Energy181002000000276Indian Overseas Bank, Sector 45, Chandigarh3M/s Vision
Procon028402000012935Indian Overseas Bank, Sector 7, Chandigarh4M/s Saibhakti Impex
Pvt. Ltd.028402000012769Indian Overseas Bank, Sector 7,
Chandigarh200002348623IndusInd Bank, Pakhowal Road, Ludhiana32401020007252Axis
Bank, Millerganj, Ludhiana65215642487State Bank of India (Earlier State Bank of
Patiala)5M/s Best Exports028402000012799Indian Overseas Bank, Sector 7,
Chandigarh200002366344IndusInd Bank, Pakhowal Road, Ludhiana000024437110019Deutsche
Bank000017548690019Deutsche Bank6M/s Omkara Worldwide Traders Pvt.
Ltd.028402000012902Indian Overseas Bank, Sector 7, Chandigarh200999576405IndusInd
Bank, Pakhowal Road, Ludhiana911020063452151Axis Bank, Millerganj, Ludhiana7M/s
Keshav International028402000012948Indian Overseas Bank, Sector 7,
Chandigarh201000798504IndusInd Bank, Pakhowal Road, Ludhiana8M/s Pioneer
Knitting200999917208IndusInd Bank, Pakhowal Road, Ludhiana9M/s Mekaster Ecosystems
Pvt. Ltd.903610113353Syndicate Bank10M/s J & S Exports200999413830IndusInd Bank,
Pakhowal Road, Ludhiana
That a chart of the foreign inward remittances received in the afore-said bank
accounts after 20.12.2011 (date of first fraudulent Letter of Credit reported to be
sent from IOB by the accused Ashu Mehra) from Hong Kong based companies M/s Colour
Wave (H K) Ltd., M/s Colour Wave Limited & M/s Paras International Creations
Limited and from UAE based firms M/s Besco International FZE, M/s Al Dishu Trading
FZE & M/s Vardan Garments Trading LLC was prepared. That as per the same the
details of foreign inward remittances in the bank accounts of each of the afore-
said Indian firms / companies are as given below:
(1) Details of foreign inward remittances received in M/s Heights International

received in M/s Heights International Bank A/c No. 028402000012941 in Indian
Overseas Bank, Chandigarh:
Table No. 21
Sr. No.Inward Remittance (IR) No.Remitter Party DetailsAmount Remitted (in

USD)Amount Remitted (in Rs.)1221 dated 01.09.201Colour Wave HK
Limited3,21,702.001,94,56,537.002230 dated 18.09.2014Colour Wave HK
Limited9,97,278.896,09,23,767.003230 dated 18.09.2014Colour Wave HK
Limited20,208.1112,31,280.0048 dated 06.01.2015Besco International
FZE9,80,447.366,21,21,145.00515 dated 19.01.2015Besco International
FZE1,24,630.8276,66,042.001021 dated 21.01.2015Besco International
FZE2,14,951.821,32,21,686.0011210 dated 24.08.2015Al Dishu Trading
FZE9,661.146,39,567.0033268 dated 28.09.2015Al Dishu Trading
FZE1,20,000.0081,61,200.006028410116000038 dated 11.02.2016Al Dishu Trading
FZE1,25,346.8685,78,739.108028410116000084 dated 08.03.2016Al Dishu Trading
FZE2,69,890.511,81,63,631.32�TOTAL�3,02,53,804.622,01,15,24,691.84
(Note: Some of the afore-said IRs pertain to combined SWIFT transaction as per
details given below:
1) The IRs at Sr. Nos. 2 & 3 in respect of IR No. 230 dated 18.09.2014 is contained
in combined SWIFT of USD 1017487.00.
2) The IRs at Sr. Nos. 16 & 20 in respect of IR No. 215 dated
3) 24.08.2015 and 232 dated 28.08.2015 respectively which is contained in combined
SWIFT of USD 565537.74.
4) The IRs at Sr. Nos. 51 & 52 in respect of IR No. 28410116000032 dated 02.02.2016
and 28410116000041 dated 04.02.2016 respectively which is contained in combined
SWIFT of USD 562052.74
SWIFT of USD 269890.51)
(2) Details of foreign inward remittances received in M/s Heights International
Bank A/c No. 000011188460028 in Deutsche Bank, Ludhiana:
There is only one foreign inward remittance of USD 102322.19 (Rs. 55,18,236.00)
which has been credited into the said account of M/s Heights International from
HSBC A/c No. 053148250838 of M/s Paras International Creation Ltd.
(3) Details of foreign inward remittances received in M/s Globus Green Energy Bank
A/c No. 181002000000276 in Indian Overseas Bank, Chandigarh
Table No. 22
Sr. No.IR No. and DateRemitted ByAmount Credited (USD)Amount Credited (in Rs.)1139
dated 16.07.2013Paras International Creation Ltd.1,49,940.0088,92,568.002140
dated 16.07.2013Paras International Creation Ltd.1,69,940.001,00,78,821.003141
dated 16.07.2013Paras International Creation Ltd.2,49,955.001,48,24,717.004147
dated 18.07.2013Paras International Creation Ltd.1,14,975.0068,50,881.005145
dated 17.07.2013Paras International Creation
Ltd.2,49,960.001,47,80,034.00Total9,34,770.005,54,27,021.00
(4) Details of foreign inward remittances received in M/s Vision Procon A/c No.
028402000012935 in Indian Overseas Bank, Chandigarh
Table No. 23
dated 28.08.2014Colour Wave (HK) Limited502848.523,03,56,965.002216 dated
28.08.2014Colour Wave (HK) Limited16098.489,69,933.003217 dated 28.08.2014Colour
Wave (HK) Limited10279476,20,57,160.004165 dated 13.08.2013Colour Wave
Limited19945.1512,19,048.00Total15,66,839.1594,603,106.00
(5) Details of foreign inward remittances received in M/s Saibhakti Impex Pvt. Ltd.
A/c No. 028402000012769 in Indian Overseas Bank, Chandigarh:
Table No. 24
Sr. No.IR No and DateRemitted ByAmount Credited (USD)Amount Credited (in Rs.)122
dated 29.01.2013Paras International Creation Ltd.179940.1496,48,390.00223 dated
29.01.2013Paras International Creation Ltd.199940.141,07,20,790.00324 dated
29.01.2013Paras International Creation Ltd.199940.141,07,20,790.00450 dated
07.03.2013Besco International FZE99896.954,49,376.005199 dated 12.08.2014Besco
International FZE199946.821,22,04,754.006200 dated 12.08.2014Besco International
FZE199946.821,22,04,754.007201 dated 13.08.2014Besco International
FZE214946.821,31,26,802.008202 dated 14.08.2014Besco International
FZE99946.8260,86,761.009206 dated 19.08.2014Besco International
FZE214946.821,30,32,226.00Total1742096.2410,12,36,898.00
Copies of the SWIFT messages (except those at Sr. Nos. 1, 2, 3 & 4) / supporting
documents in respect of the above-said Inward Remittances were only received from
IOB. The SWIFT copies in respect of IRs at Sr. Nos. 1, 2, 3 & 4 are still awaited
and would be submitted whenever the same is made available by the Indian Overseas
Bank.
A/c No. 200002348623 in IndusInd Bank, Chandigarh
Table No. 25
Sr. No.IR No. and DateRemitted ByAmount Credited (USD)Amount Credited in
Rs.1EXPADV/2013/083260 dated 28.03.2013Paras International Comm Bldg,
HK51745.1527,63,191.002EXPADV/2014/104814 dated 17.01.2014Colour Wave Limited,
HK244960.141,50,06,258.003EXPADV/2014/104824 dated 17.01.2014Paras International,
HK1724941.4110,56,69,911.004EXPADV/2014/108533 dated 06.03.2014Colour Wave
Limited, HK124975.0076,53,469.005EXPADV/2014/108534 dated 06.03.2014Colour Wave
Limited, HK124975.0076,53,469.006EXPADV/2014/123966 dated 17.09.2014Besco
International FZE, UAE499990.003,04,54,391.007EXPADV/2014/124191 dated
19.09.2014Besco International FZE, UAE41981.8225,48,296.008EXPADV/2014/125005
dated 30.09.2014Besco International FZE,
UAE1999551,22,95,233.009EXPADV/2014/126015 dated 15.10.2014Besco International
FZE, UAE99941.3660,03,477.0010EXPADV/2015/142808 dated 28.04.2015Besco
UAE59955.0038,04,145.0013EXPADV/2015/145645 dated 22.05.2015Besco International
FZE, UAE783612.364,91,01,150.0014EXPADV/2015/146006 dated 27.05.2015Besco
FZE, UAE39955.0026,52,612.0018EXPADV/2015/170091 dated 02.12.2015Al Dishu Trading
International FZE, UAE74945.0049,96,583.0020EXPADV/2015/170072 dated 08.12.2015Al
Dishu Trading FZE, UAE269895.511,79,93,934.0021EXPADV/2015/171054 dated
08.12.2015Al Dishu Trading FZE, UAE269895.511,79,93,934.0022EXPADV/2015/172199
dated 17.02.2016Al Dishu Trading FZE,
FZE, UAE19948.0013.,37,713.0034EXPADV/2016/214648 dated 02.08.2016Besco
International FZE, UAE28943.0019,29,051.00Total16899153.98636651506.00
The copies of SWIFT messages showing receipt of inward remittances are yet to be
obtained and would produced before this Court as and when received.
A/c No. 32401020007252 in Axis Bank, Chandigarh
The details and SWIFT copies in respect of these inward remittances are yet to be
received.
A/c No. 65215642487 in State Bank of India (earlier State Bank of Patiala),
Chandigarh
The details and SWIFT copies in respect of these inward remittances are yet to be
received.
(9) Details of foreign inward remittances received in M/s Best Exports A/c No.
028402000012799 in Indian Overseas Bank, Chandigarh:
Table No. 26
Sr. No.IR No. and DateRemitted ByAmount Credited (USD)Amount Credited (Rs.)1 267
dated 31.12.2013Besco International FZE103946.8264,19,756.0022 dated
08.01.2014Besco International FZE165946.821,03,06,957.0033 dated 08.01.2014Besco
International FZE39946.8224,81,097.0044 dated 08.01.2014Besco International
FZE7395543,64,824.007194 dated 08.08.2014Besco International
FZE10995567,55,635.008229 dated 18.09.2014Besco International
FZE230197.361,40,35,133.00Total813141.464,99,56,256.00
(10) Details of foreign inward remittances received in M/s Best Exports A/c No.
200002366344 in IndusInd Bank, Chandigarh:
Table No. 27
Rs.1EXPADV/2012/060128 dated 08.05.2012Besco International FZE,
International FZE, UAE24986.3613,89,242.004EXPADV/2012/063708 dated
26.06.2012Besco International FZE, UAE17236.369,81,611.005EXPADV/2012/069311 dated
18.09.2012Besco International FZE, UAE13476.367,30,014.006EXPADV/2012/071213 dated
dated 15.02.2014Paras International Creation Limited,
HK249960.151,53,35,055.008EXPADV/2014/107217 dated 19.02.2014Paras International
Creation Limited, HK249960.151,52,72,565.009EXPADV/2014/107218 dated
19.02.2014Paras International Creation Limited,
HK249960.151,52,72,565.0010EXPADV/2014/107219 dated 19.02.2014Paras International
Creation Limited, HK228813.291,39,80,492.0011EXPADV/2014/108635 dated
07.03.2014Colour Wave Limited, HK12497576,17,226.0012EXPADV/2014/111115 dated
30.05.2014Besco International FZE, UAE139908,23,172.0016EXPADV/2014/115461 dated
03.06.2014Besco International FZE, UAE3699021,83,890.0017EXPADV/2014/115935 dated
UAE214981.821,30,34,348.0019EXPADV/2014/121464 dated 19.08.2014Besco
International FZE, UAE81981.8249,70,558.0020EXPADV/2014/121630 dated
UAE2049901,23,83,446.0022EXPADV/2014/122111 dated 26.08.2014Besco International
International FZE, UAE2999018,07,497.0024EXPADV/2014/125333 dated 07.10.2014Besco
International FZE, UAE2199013,48,427.0025EXPADV/2015/141705 dated 17.04.2015Besco
dated 15.12.2015Al Dishu Trading FZE,
UAE517602.743,46,69,032.0028EXPADV/2015/172048 dated 15.12.2015Al Dishu Trading
FZE, UAE545702.743,65,51,170.0029EXPADV/2015/172052 dated 15.12.2015Al Dishu
Trading FZE, UAE515497.743,45,28,039.00Total5159785.4032,50,42,723.00
One list of Inward Remittances was obtained from IndusInd Bank. The copies of SWIFT
messages showing receipt of inward remittances are yet to be obtained and would
produced before this Court as and when received.
(11) Details of foreign inward remittances received in M/s Best Exports A/c Nos.
000024437110019 and 000017548690019 and in Deutsche Bank:
Table No. 28
Sr. No.SWIFT Reference No. and date of transactionRemitted byAmount Credited
(USD)Amount Credited (in Rs.)1178339964 dated 27.06.2013Paras International
Creation Limited 71810.15 43,16,508.122S418539ICP121412 dated
14.12.2015Al Dishu Trading FZE 404502.74 2,71,01,683.583S188264ICP052615
dated 26.05.2015Besco International FZE
155961.8299,83,116.104,14,01,307.80
Inward remittance mentioned at Sr. No. 1 credited in A/c No. 000017548690019 and
the other two mentioned at Sr. Nos. 2 and 3 were credited in A/c No.
000024437110019 of M/s Best Exports
(12) Details of foreign inward remittances received in M/s Omkara Worldwide Traders
Pvt. Ltd. A/c No. 028402000012902 in Indian Overseas Bank:
Table No. 29
Sr. No.IR No. and DateRemitted ByAmount Credited (USD)Amount Credited in Rs.1131
dated 08.07.2013Besco International FZE 10,041.36
6,11,920.00 2136 dated 10.07.2013Colour Wave Limited 99,955.00
59,99,299.00 3137 dated 11.07.2013Colour Wave Limited 49,960.00
29,65,626.00 4151 dated 25.07.2013Paras International Creation Limited
17,960.15 10,54,611.20 5152 dated 25.07.2013Besco International FZE
14,946.82 9,18,781.00 17257 dated 16.12.2013Colour Wave Limited
1,72,946.82 107,31,350.00 2212 dated 15.01.2014Besco International FZE
26,460.00 16,43,431.00 5441 dated 20.02.2015Al Dishu Trading FZE
1,18,446.83 78,43,703.46 5571 dated 24.03.2015Al Dishu Trading FZE
2,69,890.51 179,96,299.00 700028410116000075 dated 01.03.2016Al Dishu
Trading FZE 47,610.51 32,44,180.15 71028410116000076 dated
01.03.2016Al Dishu Trading FZE 45,800.51 31,20,846.75
72028410116000077 dated 01.03.2016Al Dishu Trading FZE 48,470.51
33,02,780.5573028410116000078 dated 01.03.2016Al Dishu Trading FZE
48,595.51 33,11,298.05 74028410116000079 dated 01.03.2016Al Dishu
Trading FZE 98,715.51 67,26,474.85 75028410116000080 dated
01.03.2016Al Dishu Trading FZE 95,560.51 65,11,493.15
76028410616000021 dated 17.06.2016Besco International FZE 19,950.00
13,35,852.00 77028410616000023 dated 21.06.2016Besco International FZE
1,95,161.82 1,31,50,003.43 ��Total74,31,750.48 46,78,19,002.67
(Note: The IRs mentioned at Sr. Nos. 56 and 57 pertain to combined SWIFT of USD
2,14,946.82.)
Pvt. Ltd. A/c No. 200999576405 in IndusInd Bank:
Table No. 30
Sr. No.IR No. and DateRemitted ByAmount Credited (USD)Amount Credited (in
Rs.)1EXPADV/2014/123385 dated 10.09.2014Besco International FZE, UAE
49,990.00 30,35,393.00 2EXPADV/2014/124027 dated 18.09.2014Besco
International FZE, UAE 1,98,881.82 121,27,813.00 3EXPADV/2015/154403
dated 06.08.2015Al Dishu Trading FZE, UAE 2,43,442.74 154,99,999.00
4EXPADV/2015/154593 dated 07.08.2015Al Dishu Trading FZE, UAE 2,69,942.74
171,98,052.00 5EXPADV/2015/154906 dated 11.08.2015Al Dishu Trading FZE, UAE
2,69,942.74 172,84,434.00 6EXPADV/2015/154908 dated 11.08.2015Al Dishu
Trading FZE, UAE 2,69,942.74 172,84,434.00 7EXPADV/2015/154909 dated
11.08.2015Al Dishu Trading FZE, UAE 2,69,942.74 172,84,434.00
19.08.2015Besco International FZE, UAE 34,955.00 22,78,017.00
12EXPADV/2015/157454 dated 28.08.2015Besco International FZE, UAE
31,955.00 21,08,391.00 13EXPADV/2015/159080 dated 10.09.2015Al Dishu
Trading FZE, UAE 40,158.74 26,73,769.00 14EXPADV/2015/159309
dated 11.09.2015Besco International FZE, UAE 24,955.00
16,54,766.00 15EXPADV/2015/159914 dated 16.09.2015Besco International FZE, UAE
International FZE, UAE 27,955.00 18,42,794.00 17EXPADV/2015/162573
dated 07.10.2015Besco International FZE, UAE 36,955.00
02.03.2016Al Dishu Trading FZE, UAE 2,49,895.51 168,92,936.00
21EXPADV/2016/219457 dated 31.08.2016Vardan Garments Trading LLC, UAE
20,939.82 14,01,921.00 22EXPADV/2016/220461 dated 07.09.2016Vardan
Garments Trading LLC, UAE 18,939.82 12,55,331.00
Garments Trading LLC, UAE 21,939.82 14,58,120.00
Garments Trading LLC, UAE 26,934.82 17,94,128.00 ��Total
33,80,717.83 2181,50,301.00
Pvt. Ltd. A/c No. 911020063452151 in Axis Bank:
Table No. 31
Rs.10324FIR1300244 and 02.04.2013Besco International FZE,
UAE25486.361379787.0420324FIR1300300 and 18.04.2013Besco International FZE,
UAE9986.36538530.8530324FIR1300334 and 29.04.2013Besco International FZE,
UAE7486.36398602.38Total42959.082316920.27
(15) Details of foreign inward remittances received in M/s Keshav International A/c
No. 028402000012948 in Indian Overseas Bank:
Table No. 32
dated 28.01.2014Besco International FZE 1,97,828.82 124,35,520.00 233
dated 31.01.2014Besco International FZE 78,446.82 48,91,944.00
334 dated 04.02.2014Besco International FZE 2,14,946.82 134,40,625.00
22,35,984.00 538 dated 07.02.2014Besco International FZE 19,946.82
9,88,652.00 7113 dated 29.04.2014Besco International FZE 1,37,976.75
51,85,154.00 16209 dated 22.08.2014Besco International FZE 446.82
26,899.00 17233 dated 23.09.2014Besco International FZE 31,152.82
299,78,571.00 2263 dated 18.03.2015Al Dishu Trading FZE 32,954.94
40,91,661.00 24188 dated 03.08.2015Al Dishu Trading FZE 1,52,637.74
90,56,277.00 28205 dated 12.08.2015Al Dishu Trading FZE 35,937.74
25,222.00 16,73,480,.0033028410616000006 dated 12.04.2016Besco
International FZE 49,945.00 33,13,851.0034028410616000008 dated
20.04.2016Besco International FZE 56,945.00 37,65,772.85
1,99,106.82 1,33,50,112.00 37028410616000019 dated 16.06.2016Besco
International FZE 1,98,211.82 1,33,00,013.12 38028410616000030 dated
18.07.2016Besco International FZE 19,950.00 13,34,056.00��Total
45,12,467.93 3,71,23,194.97
(16) Details of foreign inward remittances received in M/s Keshav International A/c
No. 201000798504 in IndusInd Bank:
Table No. 33
Rs.1EXPADV/2017/251818 dated 22.02.2017Vardan Garments Trading LLC,
AE22941.821533661.00Total22941.821533661.00
One list of Inward Remittance was obtained from IndusInd Bank. The copy of SWIFT
message showing receipt of inward remittance is yet to be obtained and would
(17) Details of foreign inward remittances received in M/s Pioneer Knitting A/c No.
200999917208 in IndusInd Bank:
Table No. 34
Rs.)1EXPADV/2015/142796 dated 28.04.2015Besco International FZE, UAE
6,25,301.36 395,47,185.00 2EXPADV/2015/146950 dated 04.06.2015Besco
dated 14.08.2015Besco International FZE, UAE 23,085.00 15,01,910.00
2,69,890.51 179,96,299.00 10EXPADV/2016/191168 dated 16.03.2016Besco
12EXPADV/2016/194472 dated 05.04.2016Besco International FZE, UAE 30,894.82
18,948.00 12,52,084.00 14EXPADV/2016/196490 dated 18.04.2016Al Dishu
Trading FZE, UAE 49,940.51 33,24,040.00 15EXPADV/2016/198126 dated
26.04.2016Besco International FZE, UAE 49,943.00 33,32,696.00
14,38,789.00 21EXPADV/2016/229284 dated 26.10.2016Vardan Garments Trading LLC, UAE
24,939.82 16,63,735.00 22EXPADV/2016/230752 dated 04.11.2016Vardan Garments
Trading LLC, UAE 26,934.82 17,94,398.00 23EXPADV/2016/231923 dated
11.11.2016Vardan Garments Trading LLC, UAE 24,939.82 16,67,227.00
��Total 23,02,076.73 1507,14,322.00
(18) Details of foreign inward remittances received in M/s Mekaster Ecosystems Pvt.
Ltd. A/c No. 903610113353 in Syndicate Bank:
Table No. 35
Sr. No.SWIFT Reference No. and date of transactionRemitted byAmount Credited
(USD)Amount Credited (in Rs.)1TT Liquidation dated 01.08.2013M/s Colour Wave
Limited2,00,000.001,21,74,950.0021261BFT132900010 dated 10.09.2013M/s Colour Wave
Limited9,975.006,38,378.0031261BFT132900010 dated 18.10.2013M/s Colour Wave
Limited9,960.006,08,559.0041261BFT1333450010 dated 11.12.2013M/s Colour Wave
Limited1,37,475.0084,11,312.00Total3,57,410.002,18,33,199.00
One list of Inward Remittances was obtained from Syndicate Bank alongwith SWIFT
copies mentioned at Sr. Nos. 1, 2 and 4. The copies of SWIFT message of IR
mentioned at Sr. No. 3, showing receipt of inward remittances are yet to be
obtained and would produced before this Court as and when received.
(19) Details of foreign inward remittances received in M/s J & S Exports A/c No.
200999413830 in IndusInd Bank:
Table No. 36
Rs.)1020EXPAD15161560 dt. 30.09.2015Al Dishu Trading FZE, AE269231.991,76,69,284.00
One list of Inward Remittance was obtained from IndusInd Bank. The copies of SWIFT
message of said IR, showing receipt of inward remittances are yet to be obtained
and would produced before this Court as and when received.
4.12 That during the investigation, in order to unearth / trace the Proceeds of
Crime (POC) under the Prevention of Money Laundering Act, 2002 searches were
conducted on 07.04.2017 at various places / premises under the provisions of
Section 17 (1) of the Prevention of Money Laundering Act, 2002. That the details of
the premises searched on 07.04.2017, and the details of the seizure made are as
given below:
Table No. 37
Sr. No.Premises searchedOutcome of the search1Business premises of M/s Mekaster
Ecosystems Private Limited, 908, Ansal Bhawan, 16, Kasturba Gandhi Marg, New Delhi.
Certain documents and locker keys, details as per seizure memo dated 07.04.2017
were seized. 2Business premises of M/s Heights International Tradehub Private
Limited & M/s Prithvi Infra Developers Private Limited situated at SCO 210 � 211,
Third Floor, Sector 34 � A, Chandigarh � 160022. Indian Currency amounting to Rs.
2,37,000/- and Foreign Currency amounting to 600 Pounds were seized besides certain
incriminating documents. Further 18 files containing a total of 1273 pages wherein
details of various property documents, bank account statements, etc. were also
seized. Corrigendum dated 12.04.2017 & 02.05.2017 to Seizure Memo dated 07.04.2017
was also issued. 3Residential premises of Gaurav Kirpal situated at House No. 531,
Sector 16D, Chandigarh (Second floor).Foreign Currency amounting to 18100 New
Zealand Dollars, 1905 England Pounds, 634 Singapore Dollars, 20 Hong Kong Dollar,
3090 Thai Baht, 50 UAE Dirham, 2088 US Dollar, 30 Australian Dollar, 18 Malaysian
Ringitt & 1220 Russian Rouble were seized. Besides the above certain loose sheets
in three folders containing 310 pages were also seized vide Seizure Memo dated
07.04.2017.4M/s Vyapar Agrotech Limited & M/s Vyapar Impex Private Limited, 614,
Sector 33B, Chandigarh.Search Warrant was not executed as the search team reported
vide Report dated 07.04.2017 that the said companies were not operating from the
said premises. 5Residential premises of Brigadier (Retd.) M.S.Dullat, House No.
1563, Sector 34D, Chandigarh.During the said search, certain documents were seized
vide Seizure Memo dated 07.04.2017 6Business-cum-residential premises of Shri
Dinesh Kumar S/o Lahori Lal, Proprietor of M/s Vision Procon situated at 3086/1,
Sector � 47D, Chandigarh � 160047.Certain documents were seized during the searches
vide Seizure Memo dated 07.04.2017.7Residential premises of Ashu Mehra situated at
H. No. 267, Sector 10A, Chandigarh. Certain documents were seized during the said
searches vide Seizure Memo dated 07.04.20178Business premises of M/s Geoxa Steels
Private Limited, Works: Village Kube, Tehsil Samrala Ludhiana Punjab 141418.Certain
documents were seized during the searches vide Seizure Memo dated
07.04.2017.9Residential premises of Amanpreet Singh Sodhi situated at 26 � B,
Sargodha Colony, Pakhowal Road, Ludhiana.Search Warrant was executed but no seizure
was effected and Seizure Memo dated 07.04.2017 was prepared.10Business premises of
M/s Heights International situated at 2384, Krishna Nagar, Near Aarti Chowk,
Ludhiana � 141001.Search Warrant was not executed as the search team reported that
the premises was taken on rent by M/s Heights International long ago and at present
they have vacated the same. Report dated 07.04.2017 was prepared by search
team.11Registered Office of M/s Saibhakti Impex Pvt. Ltd. situated at E-328, First
Floor, Industrial Area, Focal Point, Phase IV, Ludhiana.Search Warrant was not
executed as this premise was informed by the search team to have been vacated by
the company M/s Saibhakti Impex Pvt. Ltd. on 16.09.2016 during enquiries conducted
at their end. Report dated 07.04.2017 was prepared by search team.12Residential
premises of Vandana Johar W/o Ajay Johar & D/o Kaushal Nath Kirpal situated at 16 �
R, Model Town, Ludhiana.Search Warrant was executed but no seizure was effected.
Copy of Seizure Memo dated 07.04.2017 was prepared by search team.13Residential
premises of Aman Kirpal situated at Villa 14A, Janpath Estate, Canal Road,
Ludhiana.
During the said search, one Godrej Bank locker key bearing No. 218 (locker in name
of Lila Kirpal) was found. Further, vide letter dated 07.04.2017, the Branch
Manager of Oriental Bank of Commerce, Sarabha Nagar, Ludhiana was informed to not
allow operation of any locker in the name of Lila Kirpal or Aman Kirpal or any
other family member of Aman Kirpal. Seizure Memo dated 07.04.2017 was
prepared.14Business premises of Gaurav Kirpal situated at 306, Industrial Area � A,
Ludhiana.Certain documents were seized vide Seizure Memo dated 07.04.2017.
4.13 That during the course of investigation, simultaneously at the time of
searches conducte in April, 2017, certain Bank Accounts of the afore-said accused
persons were also identified the same were freezed under the provisions of the PML
Act, 2002. That the information obtained from banks were analysed and it was found
that the accused Gaurav Kirpal and the various companies owned / controlled by him,
after conduct of searches at his various business and residential premises on
07.04.2017, had accumulated all the money lying in his various bank accounts to his
Bank Account No. 02360510011980 in UCO Bank and from there to the Bank Account No.
05340210003541 of the company M/s Prenda Creations Private Limited (having his
father K.N. Kirpal as one of its Director). It was further noticed that vide two
RTGS transfers dated 10.04.2017 and 11.04.2017 amounts of Rs. 4,34,00,000/- and Rs.
85,75,000/- were transferred by the company M/s Prenda Creations Private Limited
from their account to Bank Account No. 13212000000590 of M/s RAP Events, H. No.
127, Sector 10, Panchkula maintained in HDFC Bank of the company at Swastik Vihar,
Panchkula i.e. this total amount of Rs. 5,19,75,000/- were freezed by HDFC Bank by
the freezing the Bank Account No. 13212000000590 of M/s RAP Events, on the request
letter dated 11.04.2017 of ED, Chandigarh (as these were part of proceeds of crime
in the instant case). Searches were also conducted under Section 17 of the
Prevention of Money Laundering Act, 2002 (PMLA) on 13.04.2017 at the business
premises of M/s RAP Events, H. No. 127, Sector 10, Panchkula. During the said
search two vehicles and certain records were seized vide Seizure Memo dated
13.04.2017 under the provisions of Section 17 of the PMLA, 2002. The details of the
vehicles seized are given below:
i. One Scorpio vehicle bearing Registration No. CH03V0010 in the name of Ms. Bhawna
Kirpal w/o Gaurav Kirpal;
ii. One Toyota Fortuner bearing Registration No. CH01AE7171 in the name of M/s Sai
Bhakti Impex Pvt. Ltd.
During the said searches conducted on 13.04.2017 under PMLA, 2002 at the business
premises of M/s RAP Events, statements of Shri Rakesh Kumar, Partner, M/s RAP
Events and Smt. Bhawna Kirpal was recorded during the search proceedings under
Section 17 of the PMLA, 2002 on spot which further pointed out to the fact that the
afore-said amount of Rs. 5,19,75,000/- lying in Bank Account No. 13212000000590 of
M/s RAP Events alongwith with the two afore-said vehicles are part of proceeds of
crime generated through criminal activities.
4.14 That apart from the above, certain lockers were also identified belonging to
the accused & their associates companies as a result of the information provided by
the IOB and also as a result of the searches conducted by the Directorate of
Enforcement. These lockers belonged to the accused and their associates and were
suspected to contain proceeds of crime and / or material related to proceeds of
crime. Hence, on the afore-said reasons to believe the said lockers were also
searched under the provisions of Section 17 of the PMLA, 2002. Search and seizure
actions under Section 17 of the Prevention of Money Laundering Act, 2002 (PMLA)
were conducted in respect of the above-referred lockers and the details of the
lockers searched and seizure thereof is narrated in the following table:
Table No. 38
Sr. No.Details of premisesDetails of Seizure1Locker No. 118, Indian Overseas Bank,
SCO 26, Sector 7C, ChandigarhDifferent gold ornaments having value of Rs.
13,83,254/- (as per Valuation Report dated 21.04.2017 of the Approved Valuer Shri
Anirudh Windlas) were seized as per Seizure Memo dated 21.04.2017 2Locker No. 423
in South Indian Bank, Regal Building, Connaught Place, New Delhi.No seizure made as
per Panchnama dated 24.04.2017. Report dated 24.04.2017 was prepared.3Locker No.
416 in South Indian Bank, Regal Building, Connaught Place, New Delhi.No seizure
made as per Panchnama dated 24.04.2017. Report dated 24.04.2017 was
prepared.4Locker No. 64 in Syndicate Bank, Nehru Bhawan, I.P. Estate, Bahadur Shah
Zafar Marg, New Delhi � 110002.No seizure made as per Panchnama dated 25.04.2017.
Report dated 25.04.2017 was prepared.5Locker No. 289 in Syndicate Bank, Nehru
Bhawan, I.P. Estate, Bahadur Shah Zafar Marg, New Delhi � 110002.No seizure made as
per Panchnama dated 25.04.2017. Report dated 25.04.2017 was prepared.6Locker No.
182, Oriental Bank of Commerce, Sarabha Nagar, LudhianaOne gold necklace & pair top
& with fused pearls & stones, etc. having value of Rs. 2,49,400/- (as per Valuation
Report dated 28.04.2017 of the Approved Valuer Shri Anand Parkash Sikri) were
seized as per Seizure Memo dated 28.04.2017.
4.15 That besides the above, certain bank accounts of the accused and their
associates were also identified which might have been used for money laundering.
The operation of transaction in these bank accounts were freezed to stop the
further transfer of amount suspected to be proceeds of crime on the request letter
of ED, Chandigarh, details of which are as given below:
Table No. 39
Sr. No.Bank Name Details of the Account Holder Account NumberRequest letter of ED,
Chandigarh for freezure1Indian Overseas BankAmanpreet Singh Sodhi / Height
International28402000012941Letter F. No. ECIR/CDZO/06/2016/47 dt. 07.04.2017
2Indian Overseas BankDinesh Kumar Prop. M/s Vision Procon284020000129353Indian
Overseas BankGaurav Kirpal/Best Exports/Sai Bhakti Impex Pvt.
Ltd.284020000127694Indian Overseas BankM/s Best Exports284020000127995Indian
Overseas BankGaurav Kirpal/Best Exports/Sai Bhakti Impex Pvt.
Ltd.284020000129686Indian Overseas BankM/s Omkara World Wide Traders Pvt.
Ltd.284020000129027Indian Overseas BankKeshav International284020000129488Indian
Overseas BankM/s Omkara World Wide Traders Pvt. Ltd.1565020000006269Indian Overseas
BankM/s Sai Bhakti Impex Pvt. Ltd.2840200001276910Indian Overseas BankBhawana
Kirpal2840100002633811Indian Overseas BankSurinder Kumar Palta / Pioneer
Knitting2840200001296812Indian Overseas BankGaurav Kirpal156501000003377Letter F.
No. ECIR/CDZO/06/2016/110 dt. 10.04.2017. 13Indian Overseas BankAshna Kirpal
2401000031110Letter F. No. ECIR/CDZO/06/2016/125 dt. 11.04.2017. 14Indian Overseas
BankRanjit Kaur Dullat & Tina Yashdeep Mehra208301000000709Letter F. No.
ECIR/CDZO/06/2016 dt. 07.04.2017.15Indian Overseas BankTina Yashdeep
Mehra20830100000644916Indian Overseas BankEnglish Educational Services
Training02840200001294917Indian Overseas BankM/s Omkara Worldwide Traders Pvt.
Ltd.14190200000862Letter F. No. ECIR/CDZO/06/2016/437 dt. 02.05.201718Punjab
National BankPrithvi Infra Developer Pvt. Ltd.1502002100050901Letter F. No.
ECIR/CDZO/06/2016/48 dt. 07.04.2017.19Punjab National BankGaurav Kirpal/Best
Exports/Sai Bhakti Impex Pvt. Ltd.241600210004415020Punjab National BankM/s Best
Exports241600MP0000088821Punjab National BankM/s Best
Exports756800210000002129Punjab National BankSurinder Kumar
Palta324800010022163030Punjab National BankSurinder Kumar
Palta324800930000535631Punjab National BankM/s Sai Bhakti Impex Pvt. Ltd.
575002100055631 Letter F. No. ECIR/CDZO/06/2016/127 dt. 11.04.2017.32Punjab
National BankM/s Best Exports 57500200055622 33ICICI Bank BranchM/s Prithvi Infra
Developers Pvt. Ltd.093505500205Letter F. No. ECIR/CDZO/06/2016/49 dt.
07.04.2017.34ICICI Bank Ltd.M/s Prithvi Infra Developers Pvt.
Ltd.13410550045335ICICI Bank Ltd.Anish Palta03620150058536ICICI Bank Ltd.M/s
Sterling Sports Rehab & Advance Physioth134105500490Letter F. No.
ECIR/CDZO/06/2016/130 dt. 11.04.2017.37ICICI Bank Ltd.M/s English Educational
Services & Training13410550046338ICICI Bank Ltd.M/s EES Student Visa Advisors Pvt.
Ltd.13410500038939ICICI Bank Ltd.M/s Dreamheight Homes Pvt. Ltd.13410500032940ICICI
Bank Ltd.M/s Prithvi Infra Developers Pvt. Ltd.13410500030941ICICI Bank Ltd.M/s
Global Printlink Graphics Pvt. Ltd.13410500032842ICICI Bank Ltd.M/s Kandaghat
Holiday Homes13410550054543IndusInd BankDinesh Kumar Prop. M/s Vision
Procon259872848167Letter F. No. ECIR/CDZO/06/2016/50 dt. 07.04.2017.44IndusInd
BankVandana Johar (prop. M/s Keshav International)20100079850445IndusInd BankBest
Exports20000236634446IndusInd BankSurinder Kumar Palta / Pioneer
Knitting20099991720847IndusInd BankM/s Global Trade Matrix Pvt.
Ltd.200999956788Letter F. No. ECIR/CDZO/06/2016/203 dt. 17.04.2017.48IndusInd
BankM/s Saibhakti Impex Pvt. Ltd.200002348623Letter F. No. ECIR/CDZO/06/2016/44 dt.
07.04.2017.49IndusInd Bank Gaurav Kirpal100042214415Letter F. No.
ECIR/CDZO/06/2016/126 dt. 11.04.2017.50IndusInd BankM/s G B Creative
Line201000791909 51IndusInd BankGaurav Kirpal10004224323152IndusInd BankHeights
International Tradehub Private Limited0259501007218 53IndusInd BankM/s Mekastar
Engineering Limited025964661901954IndusInd BankOmkara Worldwide Traders Pvt.
Ltd.200999576405Letter F. No. ECIR/CDZO/06/2016/165 dt. 12.04.2017.55UCO BankM/s
Sai Bhakti Impex Pvt. Ltd.02360210002575Letter F. No. ECIR/CDZO/06/2016/51 dt.
07.04.2017.56UCO Bank M/s Mekaster Engineering Limited0488021000158557UCO
BankSurinder Kumar Palta0134021000096058UCO Bank Gaurav Kirpal2360110028865Letter
F. No. ECIR/CDZO/06/2016/128 dt. 11.04.2017.59UCO Bank Gaurav
Kirpal2360510011980Letter F. No. ECIR/CDZO/06/2016/157 dt. 11.04.2017.60UCO BankM/s
Prenda Creations Pvt. Ltd.5340210003541Letter F. No. ECIR/CDZO/06/2016/159 dt.
11.04.2017.61HDFC Bank Ltd.Geoxa Steels Pvt. Ltd.50200007029592Letter F. No.
ECIR/CDZO/06/2016/52 dt. 07.04.2017.62HDFC Bank Ltd.Anish Palta0108193000842763HDFC
Bank Ltd.M/s RAP Events13212000000590Letter F. No. ECIR/CDZO/06/2016/160-161 dt.
11.04.2017.64HDFC Bank Ltd.�Ranjit Kaur50100043909370Letter F. No.
ECIR/CDZO/06/2016 dt. 07.04.2017.65HDFC Bank Ltd.Tina Yashdeep
Mehra5010001828226966Karnataka Bank Ltd.Ashu Mehra1462000100117301Letter F. No.
ECIR/CDZO/06/2016/53 dt. 07.04.2017.67Karnataka Bank Ltd.M/s Vision
Procon146200010011640168Karnataka Bank Ltd.M/s Dinesh Kumar & Sons
(HUF)146200010011740169Karnataka Bank Ltd.AM Business Ventures P.
Ltd.1462000100119201Letter F. No. ECIR/CDZO/06/2016 dt. 07.04.2017.70Karnataka Bank
Ltd.Ashu Mehra146250010115810171Karnataka Bank Ltd.M/s Mehra & Sons
HUF146250010110380172Karnataka Bank Ltd.Trade Hub India Private
Ltd.146200010011570173Karnataka Bank Ltd.M/s Golden
Processors4527000100353001Letter F. No. ECIR/CDZO/06/2016/76 dt. 12.04.2017.74Axis
BankGaurav Kirpal/Best Exports/Sai Bhakti Impex Pvt. Ltd.324010100047269Letter F.
No. ECIR/CDZO/06/2016/54 dt. 07.04.2017.75Axis BankVandana
Johar3241020000773376Deutsche BankM/s Heights International000011188460028Letter F.
No. ECIR/CDZO/06/2016/43 dt. 07.04.2017.77Deutsche BankM/s Sai Bhakti Impex Pvt.
Ltd.000017548690019Letter F. No. ECIR/CDZO/06/2016/55 dt. 07.04.2017.78Deutsche
BankAmanpreet Singh Sodhi400022471690019Letter F. No. ECIR/CDZO/06/2016/134 dt.
11.04.2017.79State Bank of PatialaDinesh Kumar Prop. M/s Vision
Procon0065217110302Letter F. No. ECIR/CDZO/06/2016/42 dt. 07.04.2017.80State Bank
of PatialaM/s Sai Bhakti Impex Pvt. Ltd.00000065215642487Letter F. No.
ECIR/CDZO/06/2016/56 dt. 07.04.2017.81State Bank of HyderabadGaurav Kirpal/Best
Exports/Sai Bhakti Impex Pvt. Ltd.00000062427618568Letter F. No.
ECIR/CDZO/06/2016/57 dt. 07.04.2017.82RBL Bank Ltd.Ashu
Mehra0005415385050053886Letter F. No. ECIR/CDZO/06/2016/58 dt. 07.04.2017.83Bank of
Maharashtra, LudhianaAmanpreet Singh Sodhi / Height
International0000060212701271Letter F. No. ECIR/CDZO/06/2016/59 dt.
07.04.2017.84Andhra Bank Ltd.M/s Geoxa Steels Pvt. Ltd.034013100000618Letter F. No.
ECIR/CDZO/06/2016/60 dt. 07.04.2017.85Central Bank of IndiaShri S.K.
Palta3010898668 Letter F. No. ECIR/CDZO/06/2016/129 dt. 11.04.2017.86Central Bank
of IndiaM/s Global Trade Matrix Pvt. Ltd.3466901130 87Yes Bank Ltd.M/s Bot
Ventures027261900000142Letter F. No. ECIR/CDZO/06/2016/131 dt. 11.04.2017.88Yes
Bank Ltd.M/s Business Backers Marketing Solutions02726190000016189Yes Bank Ltd.Ashu
Mehra027250900000074Letter F. No. ECIR/CDZO/06/2016 dt. 07.04.2017.90Yes Bank
Ltd.Lease Harbour02726190000034191Yes Bank Ltd.AM Business Ventures (P)
Ltd.027263300000254
4.16 However, upon examination of the bank account statements of the various
account holders, it was noticed that certain bank accounts were closed with one
account number reported by the bank to be incorrect. Hence, there could not be
freezure of those bank accounts.
Table No. 40
Sr. No.Bank Name Details of the Account Holder Account NumberAccount Balance (in
Rs.)1Punjab National BankM/s Best Exports241600MP00000888Account closed on
07.07.20152Punjab National BankM/s Best Exports241600MP00000897Account closed on
07.07.20159Punjab National BankM/s Best Exports7568002100000021Account closed on
03.07.201410Deutsche BankM/s Best Exports0000175486900190.00 (Account closed)11Axis
BankVandana Johar32410200007733 Account Number incorrect
4.17 The remaining bank accounts which continued to remain freezed under the
provisions of PMLA, 2002 are as given below:
Table No. 41
Sr. No.Bank Name & AddressDetails of the Account Holder Account NumberAccount
Balance (in Rs.)1Indian Overseas BankM/s Heights
International2840200001294145,325.532Indian Overseas BankM/s Vision
Procon284020000129352,853.563Indian Overseas BankM/s Saibhakti Impex Pvt.
Ltd.284020000127697,51,25,158.39 (Debit)4Indian Overseas BankM/s Best
Exports284020000127992,27,95,855.44 (Debit)5Indian Overseas BankM/s Pioneer
Knitting284020000129682,95,25,228.48 (Debit)6Indian Overseas BankM/s Omkara World
Wide Traders Pvt. Ltd.2840200001290231,26,152.05 (Debit)7Indian Overseas BankM/s
Keshav International2840200001294819,78,393.31 (Debit)8Indian Overseas BankM/s
Omkara World Wide Traders Pvt. Ltd.1565020000006261981.199Indian Overseas
BankBhawana Kirpal & Gaurav Kirpal284010000263382249.38 + Lien Amount
405.0010Indian Overseas BankGaurav Kirpal156501000003377923611Indian Overseas
BankAshna Kirpal 24010000311100.0012Indian Overseas BankRanjit Kaur Dullat & Tina
Yashdeep Mehra208301000000709242.3913Indian Overseas BankTina Yashdeep
Mehra2083010000064499047.75 + Lien Amount 3,74114Indian Overseas BankEnglish
Educational Services Training0284020000129490.0015Indian Overseas BankM/s Omkara
Worldwide Traders Private Ltd.1419020000086212,564.4316Punjab National BankPrithvi
Infra Developer Pvt. Ltd.1502002100050901612.0917Punjab National BankGaurav
Kirpal/Best Exports/Sai Bhakti Impex Pvt. Ltd.24160021000441500.0018Punjab National
BankSurinder Kumar Palta3248000100221630280.3219Punjab National BankSurinder Kumar
Palta32480093000053560.0020Punjab National BankM/s Sai Bhakti Impex Pvt. Ltd.
575002100055631 15635.5421Punjab National BankM/s Best Exports 57500200055622
2951.5422ICICI Bank BranchM/s Prithvi Infra Developers Pvt. Ltd.093505500205Dormant
Account23ICICI Bank Ltd.M/s Prithvi Infra Developers Pvt.
Ltd.13410550045310,479.2324ICICI Bank Ltd.Anish Palta036201500585Dormant
Account25ICICI Bank Ltd.M/s Sterling Sports Rehab & Advance
Physioth134105500490157461.2226ICICI Bank Ltd.M/s English Educational Services &
Training13410550046319455.9227ICICI Bank Ltd.M/s EES Student Visa Advisors Pvt.
Ltd.1341050003891881.7528ICICI Bank Ltd.M/s Dreamheight Homes Pvt.
Ltd.1341050003293233.5029ICICI Bank Ltd.M/s Prithvi Infra Developers Pvt.
Ltd.134105000309858.0030ICICI Bank Ltd.M/s Global Printlink Graphics Pvt.
Ltd.1341050003280.0031ICICI Bank Ltd.M/s Kandaghat Holiday
Homes13410550054563778432IndusInd BankM/s Vision Procon2598728481670.0033IndusInd
BankM/s Keshav International20100079850440464.0034IndusInd BankBest
Exports20000236634412888.2235IndusInd BankSurinder Kumar Palta / Pioneer
Knitting20099991720833976.7436IndusInd BankM/s Global Trade Matrix Pvt.
Ltd.20099995678832476.8837IndusInd BankM/s Saibhakti Impex Pvt.
Ltd.20000234862322114.9138IndusInd Bank Gaurav Kirpal & Mrs. Bhawna
Kirpal1000422144150.0039IndusInd BankM/s G B Creative Line201000791909
2979.4640IndusInd Bank Gaurav Kirpal & Mrs. Bhawna Kirpal1000422432310.0041IndusInd
BankHeights International Tradehub Private Limited0259501007218 0.0042IndusInd
BankM/s Mekastar Engineering Limited02596466190190.0043IndusInd BankM/s Omkara
Worldwide Traders Pvt. Ltd.200999576405651.4844UCO BankM/s Saibhakti Impex Pvt.
Ltd.023602100025751694.3445UCO Bank, M/s Mekaster Engineering
Limited04880210001585360611.7146UCO BankM/s Goodluck Carbon Pvt.
Ltd.01340210000960586.5947UCO Bank Gaurav Kirpal236011002886548916.8948UCO Bank
Gaurav Kirpal2360510011980551.4549UCO BankM/s Prenda Creations Pvt.
Ltd.53402100035418990.7250HDFC Bank Ltd.Geoxa Steels Pvt.
Ltd.50200007029592242495.6451HDFC Bank Ltd.Anish Palta010819300084270.0052HDFC Bank
Ltd.M/s RAP Events1321200000059054037520.7953HDFC Bank Ltd.Mrs. Ranjit
Kaur50100043909370399754HDFC Bank Ltd.Tina Yashdeep
Mehra5010001828226914576255Karnataka Bank Ltd.M/s Mehra &
Sons14620001001173013563.4856Karnataka Bank Ltd.M/s Vision
Procon1462000100116401274398.5057Karnataka Bank Ltd.M/s Dinesh Kumar & Sons
(HUF)14620001001174014936.0058Karnataka Bank Ltd.AM Business Ventures P.
Ltd.146200010011920150000.0059Karnataka Bank Ltd.Ashu
Mehra146250010115810120817.5060Karnataka Bank Ltd.M/s Mehra & Sons
HUF14625001011038012240.0061Karnataka Bank Ltd.M/s Trade Hub India Private
Ltd.146200010011570134543.0062Karnataka Bank Ltd.M/s Golden
Processors4527000100353001187879,177.06 (Debit)63Axis Bank Gaurav
Kirpal324010100047269108062.5564Deutsche BankM/s Heights
International0000111884600286508.3165Deutsche BankAmanpreet Singh
Sodhi40002247169001953,736.7066State Bank of PatialaDinesh Kumar Prop. M/s Vision
Procon00652171103028716.6267State Bank of PatialaM/s Sai Bhakti Impex Pvt.
Ltd.0065215642487209.9568State Bank of HyderabadGaurav Kirpal/Best Exports/Sai
Bhakti Impex Pvt. Ltd.00624276185680.0069RBL Bank Ltd.Ashu
Mehra00054153850500538860.00
Account suspended70Bank of Maharashtra, LudhianaAmanpreet Singh Sodhi / Height
International000006021270127163383.0071Andhra Bank Ltd.M/s Geoxa Steels Pvt.
Ltd.03401310000061880238841.00 (Debit)72Central Bank of India S.K. Palta & Mrs.
Sanyokta Palta3010898668 433.7873Central Bank of IndiaM/s Global Trade Matrix Pvt.
Ltd.3466901130 0.0074Yes Bank Ltd.M/s Bot Ventures0272619000001423179175Yes Bank
Ltd.M/s Business Backers Marketing Solutions0272619000001613054476Yes Bank Ltd.Ashu
Mehra02725090000007411075.9577Yes Bank Ltd.M/s Lease
Harbour02726190000034127600078Yes Bank Ltd.AM Business Ventures (P)
Ltd.02726330000025425000
4.18 The following properties in the names of the accused and their associates were
also freezed under the provisions of the PML Act, 2002 during the course of
investigation:
Table No. 42
Sr. No.Details of the propertyRequest made toDetails of the freezure letter 1SCO
42, Ground Floor (5041), First Floor (2406) and Second Floor (2670), Sector 7,
Chandigarh in the name of M/s Heights International / Sh. Amanpreet Singh Sodhi1.
The Deputy Commissioner-cum-Estate Officer,
Estate Office Building,
Sector 17, Chandigarh and
2. The Sub-Registrar, Sub-Registrar office UT Chandigarh, 30, Bays Building, Ground
Floor, Room No. 1 & 2, Near Estate Office, Sector 17, Chandigarh
Letter F. No. ECIR/CDZO/06/2016/274-275 dated 21.04.2017 2House No. 267, Sector
10A, Chandigarh (Area 809.08 Sq. Yards) in the name of M/s Global Trade Matrix Pvt.
Ltd. (Through its Director Brig. Malkiat Singh Dullat) 3H. No. 3348, Sector-35 D,
Chandigarh in the name of Mehra & Sons (HUF)4H. No. 3086/1, Sector 47-D,
Chandigarh5Flat No. 109, Ground Floor, Cooperative Housing Complex, Sector 79,
MohaliThe Estate Officer (GMADA), Room No. 126, PUDA Bhawan, S.A.S Nagar,
Mohali.Letter F. No. ECIR/CDZO/06/2016/276 dated 21.04.2017 6Flat No. 701, 7th
Floor, Block-A, Societies Plot No. GH2, Sector � 23, Panchkula.1. The Estate
Officer, Haryana Urban Development Authority (HUDA), C � 3, Sector 6, Panchkula and
2. The Chief Administrator, HUDA, Panchkula.Letter F. No. ECIR/CDZO/06/2016/277-278
dated 21.04.20177Khasra No. 196/214, Khasra No. 2106/682 at Vill. Dabhota, Tehsil
Nalagarh, Distt. Solan, H.P.The Deputy Commissioner, Revenue Department, Solan,
Himachal Pradesh.
Letter F. No. ECIR/CDZO/06/2016/279 dated 21.04.20178Land measuring 15 Marla
comprised in Khewat / Khatauni No. 55/57 Min, Khasra No. 685/342/264 (0-15)
situated at Village Thanthewal, Tehsil Nalagarh, District Solan, H.P.98B-4B, Khewat
No. 276/261, Vill. Rampur, Tehsil-Payal, District- Ludhiana in the name of M/s
Geoxa Foods (Prop. Sh. Amanpreet Singh Sodhi)1. The Additional Deputy Commissioner,
Revenue Department, Ludhiana.
2. The Tehsildar, Tehsil Payal, District Ludhiana.Letter F. No.
ECIR/CDZO/06/2016/280-281 dated 21.04.201710Villa No. 14A, Janpath Estate, Canal
Road, Ludhiana in the name of Ms. Bhawna Kirpal / Aman Kirpal / Gaurava KirpalThe
Chief Administrator (GLADA), GLADA Complex, Near Rajguru Nagar, Ferozepur Road,
Ludhiana � 141001.Letter F. No. ECIR/CDZO/06/2016/282 dated 21.04.201711Freehold
Residential House No. 191, Green Avenue, Amritsar admeasuring 327 Sq. Yards bearing
Khasra No. 1250/505-506 situated at Tungbala Urban Green Avenue, Amritsar in the
name of M/s Mehra & Sons (HUF).The Deputy Commissioner, Revenue Department,
Amritsar.
Letter F. No. ECIR/CDZO/06/2016/283 dated 21.04.201712Portion of Plot No. 47,
Ashoka Park Extension, New Delhi purchased from Rifakat Ali & Others by Amanpreet
Singh Sodhi1. The Sub-Registrar, Sub-Registrar Office � IIB, Janakpuri, Near
District Centre, Janakpuri, New Delhi.
2. The Sub-Registrar, Sub-Registrar Office � IXB, Kapashera, Old Terminal Tax
Building, Kapashera, New Delhi.Letter F. No. ECIR/CDZO/06/2016/285-286 dated
21.04.201713Portion of Plot No. 48, Ashoka Park Extension, New Delhi purchased from
Mauhabbat & Others by Amanpreet Singh Sodhi14Part of Property Number 2248, 2249,
2250, 2251, 2252 & 2253 Dr. H.C.Sen Road, Fountain, Chandni Chowk, New DelhiThe
Sub-Registrar, Sub-Registrar Office � III, Asaf Ali Road, SR � III, 4/7, Asaf Ali
Road, New Delhi.Letter F. No. ECIR/CDZO/06/2016/287 dated 21.04.201715Mustatil No.
53, Kila No. 20 and 21, Revenue Estate, Village Jonapur, Tehsil Mehrauli, New Delhi
purchased from Mrs. Nirmala Jain w/o Nirmal Jain by Mrs. Alka Pahwa w/o Rajendra
Kumar (R/o 45, Bandh Road, Chattarpur, New Delhi.)The Sub-Registrar, Sub-Regsitrar
V, Kalkaji, SR-V, Mehrauli Tehsil Building, Mehrauli, New DelhiLetter F. No.
ECIR/CDZO/06/2016/298 dated 21.04.2017
4.19 During investigation an OA No. 93 of 2017 was filed under the provisions of
Section 17(4) of the PML Act, 2002 with the Ld. Adjudicating Authority for
continuation of freezure / seizure of the freezed / seized records, bank accounts,
Indian & foreign currencies and moveable & immoveable assets during the pendency of
the investigation as the same for the purposes of further scrutiny and
investigation, especially to trace the proceeds of crime and for further
investigation under the PML Act, 2002 (as amended) and the same was allowed by the
Ld. Adjudicating Authority vide Order dated 12.09.2017.
4.20 During the course of further investigation by the Enforcement Directorate,

some more fixed deposits of a value of Rs. 2,98,75,000/- and deposits lying in bank
accounts of a value of Rs. 4,55,905.95/-, linked with the proceeds of crime were
identified and freezed under the provisions of Section17(1A) of the PML Act, 2002;
that further OA No. 161 of 2018 was also filed under the provisions of Section
17(4) of the PML Act, 2002.
4.21 That the freezure of Fixed Deposits of a value of Rs. 2,98,75,000/- (as
mentioned in previous para) was necessitated due to the fact during the course of
further investigation, it was found that Dinesh Kumar (an accused in the CBI FIR)
as well as Director of M/s Trade Hub India Pvt. Ltd., had signed an Agreement dated
15.03.2016 for purchase of 50% shareholding of the freehold commercial property
bearing no. SCO No. 170-171 (2 bays) in Sub City Center, Sector 34-A, Chandigarh.
That in pursuance of the said Sale Agreement, advance payment of Rs. 2,97,50,000/-
was made by M/s Trade Hub India Pvt. Ltd. (through Dinesh Kumar), as per details
given below:
Table No. 43
Sr. No.Amount Paid (in Rs.)Transaction ParticularsBeneficiary detailsAccount No. in
which funds credited130,93,750/-Paid through Chq. No. 235349 on 18.03.2016Mahabir
Singh01071000196271 (in HDFC Bank, Sector 35B, Chandigarh)2 6,25,000/-Paid by
cashDoNA330,93,750/-Paid through Chq. No. 235350 on 18.03.2016Parvinder Kaur Pahuja
w/o Mahabir Singh08742010005440 (in Oriental Bank of Commerce Bank, Sector 37,
Chandigarh)46,25,000/-Paid by cashDoNA530,93,750/-Paid through Chq. No. 235344 on
18.03.2016Jaswant Kaur mother of Mahabir Singh08742010003780 (in Oriental Bank of
Commerce Bank, Sector 37, Chandigarh)66,25,000/-Paid by cashDoNA730,93,750/-Paid
through Chq. No. 574026 on 18.03.2016Bikrambeer Singh Pahuja s/o Mahabir
Singh08742010004470 (in Oriental Bank of Commerce Bank, Sector 37,
Chandigarh)86,25,000/-Paid by cashDoNA91,23,75,000/-Paid through Chq. No. 235348 on
19.03.2016Dr. Gaurav Gupta915010000832591 (in Axis Bank, Yamunanagar,
Haryana)1025,00,000/-Paid by cashDoNA
Further, statements dated 15.09.2017 of Mahabir Singh and 09.11.2017 of Dr. Gaurav
Gupta recorded under Section 50 of the PML Act, 2002. That Mahabir Singh has
submitted during the investigation that the said sale agreement was signed for the
sale of their 50% portion of the commercial property for a total consideration
amount of Rs. 13,85,00,000/- and that they were to receive a total of Rs.
3,00,00,000/- (Rs. 1.5 crore each by his family and Gaurav Gupta) as advance
amount for the said sale; that however, they collectively received only Rs.
2,97,50,000/- as advance amount from Dinesh Kumar, Director of M/s Trade Hub India
Pvt. Ltd. as Dinesh Kumar informed that TDS (@1%) amounting to Rs. 2,50,000/-
would be deposited by him (Dinesh); that the said TDS has however not been
deposited by him till date. Further, as per the said agreement, M/s Trade Hub India
Pvt. Ltd. was to make the balance payment upto 22.06.2016 by which time the said
transaction was decided to be completed; that M/s Trade Hub India Pvt. Ltd.
(represented through accused Dinesh Kumar) failed to honour the said transaction
and that therefore they had forfeited the amount of Rs. 2,97,50,000/- received as
advance money by them from M/s Trade Hub India Pvt. Ltd. That accused Dinesh Kumar,
Director of M/s Trade Hub India Private Limited, has inter-alia submitted in his
voluntary statement dated 10.07.2017 recorded under Section 50 of the PML Act, 2002
that there were credit entries of Rs. 40,50,000/-, Rs. 41,35,000/-, Rs. 47,94,000/-
and Rs. 40,25,000/- on 16.03.2016 through RTGS from M/s Saibhakti Impex Pvt. Ltd.
and Rs. 40,00,000/- and Rs. 39,96,000/- from M/s Best Exports in the Bank Account
No. 1462000100115701 of M/s Trade Hub India Private Limited maintained in Karnataka
Bank, Sector 22C, Chandigarh; that the said credit entries (of a total amount of
Rs. 2,50,00,000/-) were given by the accused Gaurav Kirpal (Director of M/s
Saibhakti Impex Pvt. Ltd. and Proprietor of M/s Best Exports) which were not backed
by any valid trade transactions and that the same were utilized for making the
following payments (totaling Rs. 2,47,50,000/-) for purchase of commercial property
at SCO No. 170 � 171 (2 Bays) in Sub City Centre, Sector 34A, Chandigarh:
1) Rs. 30,93,750/- on 18.03.2016 to Jaswant Kaur;
2) Rs. 30,93,750/- on 18.03.2016 to Parvinder Kaur Pahuja;
3) Rs. 30,93,750/- on 18.03.2016 to Bikrambeer Singh Pahuja;
4) Rs. 1,23,75,000/- on 19.03.2016 to Gaurav Gupta;
5) Rs. 30,93,750/- on 19.03.2016 to Mahabir Singh.
The investigation conducted by the Directorate of Enforcement, Chandigarh Zonal
Office has also revealed that M/s Trade Hub India Pvt. Ltd. was incorporated on
06.07.2015 with Dinesh Kumar being its promoter Director; that Ashu Mehra became
the other Director of this company on 22.06.2016 by replacing his brother Neeraj
Mehra. Also, as per ROC records the share-holding in M/s Trade Hub India Pvt. Ltd.,
held by the accused Dinesh Kumar, was transferred in the name of M/s Mehra & Sons
(HUF), having Ashu Mehra as its karta, resulting in 95% share-holding of M/s Trade
Hub India Pvt. Ltd. being with Ashu Mehra, through his firm M/s Mehra & Sons HUF.
Hence, during the course of investigation the following Fixed Deposits in the names
of afore-said beneficiaries were freezed under Section 17 of the PML Act, 2002, on
the basis of a request letter of the Enforcement Directorate, Chandigarh Zonal
Office:
Table No. 44
Sr. No.Name of the Account holder Amount (in Rs.)Fixed Deposit detailsRequest
letter of ED, Chandigarh1 Mahabir SinghRs. 37,18,750/-FD No. 50300217807305 in HDFC
Bank, Sector 35B, ChandigarhLetter ECIR/CDZO/06/2016/IV/4989 dated 08.12.2017 2Mrs.
Jaswant KaurRs. 37,18,750/-FD No. 08743031048598 dt. 03.11.2017 in Oriental Bank of
Commerce, Sector 37, ChandigarhLetter ECIR/CDZO/06/2016/IV/4988 dated 08.12.2017
3Mrs. Parvinder Kaur PahujaRs. 37,18,750/-FD No. 08743031048604 dt. 03.11.2017 in
Oriental Bank of Commerce, Sector 37, Chandigarh4 Bikrambeer Singh PahujaRs.
37,18,750/-FD No. 08743031048741 dt. 10.11.2017 in Oriental Bank of Commerce,
Sector 37, Chandigarh5Dr. Gaurav GuptaRs. 1,50,00,000/-FD No. 11393031036961 in
Oriental Bank of Commerce, Paonta Sahib, H.P.Letter ECIR/CDZO/06/2016/IV/4990 dated
08.12.2017 TOTAL2,98,75,000/-
4.22 That the freezure of deposits lying in bank accounts of a value of Rs.
4,55,905.95/-, pertaining to the accused Amanpreet Singh Sodhi were also identified
and the same were freezed under the provisions of Section 17 of the PML Act, 2002
to stop the further transfer of amount suspected to be proceeds of crime on the
request letter of ED, Chandigarh, details of which are as given below:
Table No. 45
Sr. No.Bank Name Details of the Account Holder Account NumberAmount freezed (in
Rs.)Request letter of ED, Chandigarh1Andhra BankM/s Geoxa Impex Pvt.
Ltd.03401110000502026,412/-Letter ECIR/CDZO/06/2016/Pt.IV/5047 dated 13.12.2017
2Andhra BankM/s Colour 9 Productions LLP0340111000051181,59,875/-3Andhra BankM/s
Ludhianvi Tigers Pvt. Ltd. (OPC)0340111000044922,62,095/-4Andhra Bank Amanpreet
Singh Sodhi034010100043668
7523.95/-TOTAL4,55,905.95
That accused Amanpreet Singh Sodhi and his afore-said firms / company are in
receipt of proceeds of crime through a chain of inter-account transfers.
4.23 That the OA No. 161 of 2018 has been confirmed by the Ld. Adjudicating
Authority vide Order dated 22.05.2018.
5. Details of Proceeds of Crime Attached or Seized or Frozen and Evidence to prove

that these are involved in Money Laundering:
The proceeds of crime were seized / freezed over a period of time. The details of
the said proceeds of crime and evidence to prove that these are involved in money-
laundering are as given below:
5.1 Proceeds of crime seized / freezed at the time of searches conducted during
April, 2017 for which OA No. 93 of 2017 was filed with the Ld. Adjudicating
Authority and the evidence collected to prove that these are involved in money-
laundering:
5.1.1 That in order to unearth / trace the Proceeds of Crime (POC) under the
Prevention of Money Laundering Act, 2002 on 07.04.2017 searches under Section 17
(1) of the Prevention of Money Laundering Act, 2002 were conducted on various
places / premises as per details given in Table No. 37 above; that the following
seizures of foreign currency and Indian Currency was made during the said searches
as the same were found in the possession of the accused, having links with proceeds
of crime.
Table No. 46
Sr. No.Proceeds of crime seizedRemarks1Indian Currency amounting to Rs. 2,37,000/-
and Foreign Currency amounting to 600 Pounds.
These were seized during searches conducted on 07.04.2017 at the business premises
of M/s Heights International Tradehub Private Limited & M/s Prithvi Infra
Developers Private Limited situated at SCO 210 � 211, Third Floor, Sector 34 � A,
Chandigarh � 160022 vide Seizure Memo dated 07.04.2017 from the possession of the
accused Ashu Mehra, Assistant Manager, Indian Overseas Bank, Sector 7, Chandigarh.
2Foreign Currency amounting to:
i) 18100 New Zealand Dollars,
ii) 1905 England Pounds,
iii) 634 Singapore Dollars,
iv) 20 Hong Kong Dollar,
v) 3090 Thai Baht,
vi) 50 UAE Dirham,
vii) 2088 US Dollar,
viii) 30 Australian Dollar,
ix) 18 Malaysian Ringitt &
x) 1220 Russian Rouble. These were seized during searches conducted on 07.04.2017
at the residential premises of the accused Gaurav Kirpal situated at House No. 531,
Sector 16D, Chandigarh (Second floor) vide Seizure Memo dated 07.04.2017.
Ashu Mehra has submitted in his statement dated 06.07.2018 recorded under Section
50 of the PML Act, 2002 about the source of funds with respect to Indian Currency
amounting to Rs. 2,37,000/- and Foreign Currency amounting to 600 Pounds which were
seized from his business premises of M/s Heights International Tradehub Private
Limited & M/s Prithvi Infra Developers Private Limited situated at SCO 210 � 211,
Third Floor, Sector 34 � A, Chandigarh � 160022; that he has submitted therein that
the said cash (Rs. 2,37,000/-) was his personal money and he couldnot recall as to
from where he had obtained the said amount; that as regard 600 pounds, he submitted
that the same was given to him by his maternal aunt (maasi), namely Neelam Kumari
holding British passport (being British citizen); that she had come at that time to
India and handed over the money to him for payment of extension of air tickets;
that he had no written document to prove that the said 600 pounds belonged to his
maternal aunt and as the same being very low amount it was not even required by her
to be declared to the Indian Customs at the time of her visit.
Gaurav Kirpal has also submitted in his statement dated 06.07.2018 recorded under
Section 50 of the PML Act, 2002 that the source of funds of 18100 New Zealand
Dollars is from one Suresh Chatly son of Ram Parkash Chatly who is permanent
resident of House No. 45, St. Georges Bay Road, Parnell, Auckland 1052 (NZ), having
Passport No. LH-372145 which was given to him for custody during his visit to India
on 07.12.2016; that the same was not declared by him (Suresh Chatly) to the Indian
Customs because at the time of his arrival in India he was accompanied by his
family with said foreign currency being within the permissible limit. Gaurav Kirpal
has further submitted that no written document was prepared for the same and
further that Suresh Chatly visited India in September, 2017 and made one affidavit
dated 05.09.2017 (copy submitted) declaring the facts related to the said 18100 New
Zealand Dollars stating therein that the said foreign currency belongs to him.
However, the accused Gaurav Kirpal and his wife Bhawna Kirpal couldnot offer any
satisfactory proof for possession of the said 18100 New Zealand Dollars and the
affidavit of Suresh Chatly alone cannot substantiate their claims.
Regarding other currencies seized from residential premises of Gaurav Kirpal and
Bhawna Kirpal on 07.04.2017 under PML Act, 2002, the accused Gaurav Kirpal has
claimed that the same belongs to him.
Table No. 47
Sr. No.DateTransaction detailsAmount (in Rs.)129-04-2014Amount transferred from IOB
A/c No. 028402000012902 of M/s Omkara Worldwide Traders Pvt. Ltd. vide
NEFT1,00,000.00219-06-2014Amount of Rs. 2,44,000/- transferred from IOB A/c No.
028401000026338 in the Joint name of me and my wife and cash of Rs. 674/- paid to
M/s Chaudhary Forex Pvt. Ltd.2,44,674.00302-04-2015Cash paid by me41,990.00403-07-
2015Amount transferred from IOB A/c No. 028401000026338 in the Joint name of me and
my wife1,28,760.00Total5,15,424.00
5.1.2 The details of moveable properties seized at the time of searches conducted
in April, 2017 include the following:
i) One Scorpio vehicle bearing Registration No. CH03V0010 in the name of Ms.
Bhawna Kirpal w/o Gaurav Kirpal alongwith RC & Insurance; that as per RC Bhawna
ii) One Toyota Fortuner bearing Registration No. CH01AE7171 in the name of M/s
Saibhakti Impex Pvt. Ltd. alongwith RC & Insurance; that the Insurance document
shows its year of purchase as 2010 and last sum insured value as Rs. 8,49,900/-.
Although the said vehicle has been purchased in the year 2010 but the said company
is an accused company in the FIR registered by the CBI and hence the said vehicle
owned by them would fall within the definition of proceeds of crime.
iii) Different gold ornaments having value of Rs. 13,83,254/- (as per Valuation
Report dated 21.04.2017) were seized as per Seizure Memo dated 21.04.2017 from
Locker No. 118, Indian Overseas Bank, SCO 26, Sector 7C, Chandigarh in the name of
Bhawna Kirpal;
iv) One gold necklace & pair top & with fused pearls & stones, etc. having value of
Rs. 2,49,400/- (as per Valuation Report dated 28.04.2017) were seized as per
Seizure Memo dated 28.04.2017 from Locker No. 182, Oriental Bank of Commerce,
Sarabha Nagar, Ludhiana in the name of Leela Kirpal; that however the said ornament
belonged to Bhawna Kirpal as has been admitted by Leela Kirpal, mother-in-law of
Bhawna Kirpal in her statement dated 08.06.2018 recorded under Section 50 of the
PML Act, 2002.
Mrs. Bhawna Kirpal has not been producing copies of invoices with regard to the
purchase of the said jewellery and has instead stated in her various statements
that the said jewellery was �istri dhan� which had been received by her at the time
of her marriage. Mrs. Bhawna Kirpal is wife of the accused Gaurav Kirpal and had
remained Director in the accused company M/s Saibhakti Impex Pvt. Ltd. upto the
latter half of year 2014.
5.1.3 The details of the various bank accounts freezed under the provisions
of Section 17(1A) of the PML Act, 2002 during the time of searches conducted in
April, 2017 are as given in Table No. 41 above. The evidence gathered during
investigation which show that indeed proceeds of crime have been laundered /
credited in the said freezed bank accounts, through a chain of inter-account
transactions, are as detailed below:
1) Evidence of laundering of proceeds of crime by M/s Heights International and its
proprietor Amanpreet Singh Sodhi alongwith their company M/s Prithvi
Infradevelopers Pvt. Ltd. and M/s Geoxa Steels Pvt. Ltd.:
M/s Heights International is having bank accounts bearing A/c No. 28402000012941 in
Indian Overseas Bank, Sector 7, Chandigarh and A/c No. 000011188460028 in Deutsche
Bank, Pakhowal Road, Ludhiana whereas its proprietor Amanpreet Singh Sodhi is
having A/c No. 400022471690019 in Deutsche Bank, Pakhowal Road, Ludhiana and
0000060212701271 in Bank of Maharashtra, Ludhiana.
The investigation conducted by the Directorate of Enforcement has revealed that the
firm M/s Heights International is in receipt of various proceeds of crime in its
afore-said IOB account from the Hong Kong based beneficiary accused company M/s
Colour Wave (HK) Ltd., either directly or by routing the said funds through UAE
based firms M/s Al Dishu Trading FZE and M/s Besco International FZE. The details
of the same are as mentioned in Table No. 21 supra. All the said foreign inward
remittances, received in IOB Account No. 028402000012941 of M/s Heights
International, are linked with proceeds of crime which have been credited from the
accused company M/s Colour Wave (HK) Ltd. or by routing the said funds through the
2 UAE based firms M/s Besco International FZE and M/s Al Dishu Trading FZE.
On the other hand, M/s Heights International is in receipt of proceeds of crime in
A/c No. 000011188460028 in Deutsche Bank, Pakhowal Road, Ludhiana from M/s Paras
International Creations Ltd., amounting to USD 102322.19 (equivalent to Rs.
55,18,235.71), on 25.03.2013. Besides the same, there have been several credits of
proceeds of crime through inter-account transactions from the bank accounts of the
other accused firms, viz. M/s Vision Procon, M/s Saibhakti Impex Pvt. Ltd., etc.
Similarly, Bank A/c No. 400022471690019 of Amanpreet Singh Sodhi (Proprietor of M/s
Heights International) in Deutsche Bank, Pakhowal Road, Ludhiana and A/c No.
0000060212701271 in Bank of Maharashtra, Ludhiana are also in receipt of proceeds
of crime from M/s Heights International and other sources which was also used for
acquiring properties by the accused Amanpreet Singh Sodhi.
One statement dated 29.11.2017 of Atul Kumar Garg of M/s Besco International FZE,
UAE was also recorded under Section 50 of the PML Act, 2002 with regard to the
payments remitted by his firm to M/s Heights International wherein he has inter-
alia stated that he had received 4 copies of Performa Invoices of Readymade
Garments of a total value of USD 1990960.00 wherein M/s Heights International
(through Dinesh Kumar) had undertaken to supply Readymade Garments from China port
(port of loading) to Dubai port (port of discharge) to consignee M/s BESCO
International for which M/s BESCO International had to remit payments to the Indian
Overseas Bank Account No. 028402000012941 of M/s Heights International (SWIFT Code:
IOBAINBB284 & Intermediary Swift Code: CHASUS33). That he has further admitted to
have sent an amount of USD 2764771.00 in January, 2015 from M/s BESCO International
FZE to the IOB Account of M/s Heights International against the 4 Performa
Invoices. He has further admitted that for remitting the afore-said payments of USD
2764771.00 to M/s Heights International, he had received corresponding payments in
his bank account from M/s Colour Wave (HK) Ltd. which he further remitted to IOB
Account of M/s Heights International in India as per say of Gaurav Kirpal. He has
also admitted that corresponding to the afore-said payments sent by M/s BESCO
International FZE, UAE to M/s Heights International in India, goods were exported
in 6 containers by M/s Colour Wave (HK) Limited, Hong Kong to M/s BESCO
International FZE, UAE.
One statement dated 19.12.2017 of the accused Dinesh Kumar was also recorded under
Section 50 of the PML Act, 2002, wherein he inter-alia stated that payments
amounting to a total of USD 25782599.47 were sent by M/s Al Dishu Trading FZE to
M/s Heights International (IOB account) as per say of Ashu Mehra; that M/s Al Dishu
Trading FZE had received funds for the said transfers from the Hong Kong based
company M/s Colour Wave (HK) Ltd. of Amanpreet Singh Sodhi; that these funds
transfer were not backed by any genuine trade transactions (import or export)
between M/s Al Dishu Trading FZE and M/s Heights International; that forex
transactions in Indian Overseas Bank, Sector 7, Chandigarh at that point of time
was looked after by Ashu Mehra (accused) and since he (Ashu) was behind the said
transfers, he (Ashu) never bothered to ask for any documents regarding the
reasons / purpose for the receipt of the said foreign inward remittances. M/s
Prithvi Infradevelopers Pvt. Ltd. was found to be holding Bank Accounts bearing A/c
No. 1502002100050901 in Punjab National Bank and 093505500205, 134105500453 &
134105000309 in ICICI Bank. The accused Amanpreet Singh Sodhi has submitted in his
statements dated 01.05.2017 and 28.06.2017 recorded under Section 50 of the PML
Act, 2002 that the main source of funds in M/s Prithvi Infradevelopers Pvt. Ltd. is
from the Bank Accounts of M/s Heights International maintained in Indian Overseas
Bank (A/c No. 028402000012941) and another A/c of Heights International maintained
in Deutsche Bank (A/c No. 000011188460028), both of which are linked with the
proceeds of crime. He has further admitted in his this statement that the payment
of Buyers Credit was given to M/s Paras International Creations Ltd. and M/s Colour
Wave (HK) Ltd. from PNB Dubai and BOB Bahamas which were on account of loan
sanctioned to some Indian companies; that the accused Ashu Mehra used to instruct
him (Amanpreet) on phone to further remit the amount so received on account of
Buyers Credit to two companies, namely M/s Besco International FZE and M/s Al Dishu
Trading FZE. The investigation conducted by the ED has revealed that both the bank
accounts of M/s Heights International maintained in Indian Overseas Bank (A/c No.
028402000012941) and another A/c of Heights International maintained in Deutsche
Bank (A/c No. 000011188460028) were in receipt of funds (proceeds of crime) from
the Hong Kong based companies, namely M/s Paras International Creations Ltd. & M/s
Colour Wave (HK) Ltd. as well as the 2 UAE based firms M/s Besco International FZE
and M/s Al Dishu Trading FZE. The investments made by the accused Amanpreet Singh
Sodhi in M/s Prithvi Infradevelopers Pvt. Ltd. is in the range of Rs. 10 crores
(approx.)
M/s Geoxa Steels Pvt. Ltd. is having A/c Nos. 50200007029592 in HDFC Bank and
034013100000618 in Andhra Bank. There has been several credit entries from the bank
account of the accused Amanpreet Singh Sodhi, viz. Rs. 50,00,000/- on 30.03.2015,
Rs. 75,00,000/- on 15.07.2015, Rs. 50,00,000/- on 19.08.2015, Rs. 50,00,000/- on
29.08.2015, Rs. 25,00,000/- on 01.10.2015, etc. Besides these there are also other
credit entries in this account from shell firms / companies investigation in
respect of which is still pending.
Apart from the above, the Loan Account No. 034013100000618 of the company M/s Geoxa
Steels Pvt. Ltd. (maintained with Andhra Bank, Ludhiana) was also frozen and the
said company is owned by the accused Amanpreet Singh Sodhi. The investigation
conducted in this regard has revealed that certain properties were mortgaged for
availing of the said loan with these properties being suspected to have been
acquired out of the proceeds of crime.
One statement dated 22.05.2017 of Amanpreet Singh Sodhi was recorded under Section
50 of the PML Act, 2002 wherein he has inter-alia stated that M/s Geoxa Steels Pvt.
Ltd. is maintaining A/c No. 50200007029592 with HDFC Bank, Mall Road, Ludhiana and
A/c No. 034013100000618 (C/C Account) with Andhra Bank Miller Ganj, Ludhiana and
further that an amount of Rs. 8 crores was sanctioned as CC Limit for the purpose
of manufacturing of Stainless Steel pipes, Adhoc Limit of Rs 1.50 crores was also
sanctioned for the purchase of Hydra, and another vehicle loan of Rs. 15 lacs was
sanctioned in this A/c for purchase of vehicle; that their company purchased one
Toyota Innova bearing Registration No. PB 10 FY- 7218 from the said vehicle loan;
that on being asked to explain why an amount of Rs. 35 lacs was sent through RTGS
from C/C account of M/s Geoxa Steels Pvt. Ltd. (maintained in Andhra Bank) to the
A/c of M/s Prithvi Infra developers Pvt. Ltd. on 15/12/2015 and also on being asked
to explain the cash deposits in A/c No. 034013100000618 (CC Limit A/c) of M/s
Geoxa Steels Pvt. Ltd. of amounts of Rs 3 lacs on 22/07/2016, Rs. 30 lacs on
15/11/2016 and Rs. 37 lacs on 16/11/2016, he stated that he would consult his CA
and reply on the same within a week.
Amanpreet Singh Sodhi has submitted a reply letter dated 02.08.2017 vide which it
has been stated that the said company M/s Geoxa Steels Pvt. Ltd. (formerly M/s
Geoxa Greens Pvt. Ltd.) had made payment of an amount of Rs. 35,00,000/- from the
said company for purchase of land from the company M/s Prithvi Infradevelopers Pvt.
Ltd. and that the same had been cancelled; that for the same copies of Board
Resolutions dated 18.05.2012 and 15.12.2015.
However, no copies of Agreements to Sell or any other document evidencing the said
sale was submitted by the said company M/s Geoxa Steels Pvt. Ltd. That further
perusal of the Andhra Bank statement pertaining to A/c No. 034013100000618 of M/s
Geoxa Steels Pvt. Ltd. has revealed that the said account is in receipt of an
amount of Rs. 35,00,000/- from the accused Amanpreet Singh Sodhi and not from M/s
Prithvi Infradevelopers Pvt. Ltd.; that the said funds were apparently routed
through M/s Prithvi Infradevelopers Pvt. Ltd. That the same indicates that infact
the loan account of Andhra Bank Loan A/c No. 034013100000618 of M/s Geoxa Steels
Pvt. Ltd. was also utilized for giving short term loans to M/s Prithvi
Infradevelopers Pvt. Ltd. and the claims of the said company M/s Geoxa Steels Pvt.
Ltd. of having been in a deal / agreement with M/s Prithvi Infradevelopers Pvt.
Ltd. was a sham deal / agreement.
One statement dated 29.12.2017 of Amanpreet Singh Sodhi was also recorded under
Section 50 of the PML Act, 2002 wherein he inter-alia stated that M/s Geoxa Steels
Pvt. Ltd. has availed a cash credit loan of Rs. 8 crores and another term loan of
Rs. 6.50 crores was availed by his firm M/s Geoxa Logistics; that for the same the
following 5 properties were pledged with the Andhra Bank, Miller Ganj, Ludhiana as
collaterals:
Table No. 48
Sr. No. Details of the propertyProperty purchase detailsAmount paid for said
purchase (in Rs.)Payments made for the said purchase1Factory land at Village Kubba,
Tehsil Samrala, Distt. Ludhiana � 1414188 kanal 0 marla land purchased by M/s Geoxa
Steels Pvt. Ltd. from one Harminder Singh & Smt. Gurdev Kaur on
01.04.2013Purchased for an amount of Rs. 21,15,000/- and stamp duty of Rs.
1,05,750/-.The payments of an amount of Rs. 16,50,000/- and Rs. 3,00,000/- were
made on 06.04.2013 to Gurdev Kaur and Harminder Singh respectively from Bank A/c
No. 000011188460028 of M/s Heights International in Deutsche Bank, Ludhiana. Also
cash amount of Rs. 1,65,000/- was given to Harminder Singh for the said purchase.
All these payments were made by him.4 kanal 18 marla land purchased by M/s Geoxa
Steels Pvt. Ltd. from its other Director Onkar Singh on 28.10.2015Purchased for an
amount of Rs. 16,66,000/- and stamp duty of Rs. 1,00,000/-.The payment of an amount
of Rs. 16,66,000/- was made on 03.12.2015 to Onkar Singh from Bank A/c No.
50200007029592 maintained in HDFC Bank, Mall Road, Ludhiana.2Plot No. 290A, Sham
Singh Road, Near Ghumar Mandi, Village Gahlewal, Ludhiana483 Sq. Yards land
purchased by Amanpreet Singh Sodhi from the sellers Harish Gupta & Rajesh Gupta
(R/o 159/1, Mall Road, Tehsil & Distt. Ludhiana) and one Mahesh Kumar R/o Village
& PO Balwana, Distt. Bhatinda on 18.02.2014Purchased for an amount of Rs.
95,00,000/- and stamp duty of Rs. 8,55,000/-.The payments of an amount of Rs.
45,00,000/- and Rs. 50,00,000/- were made on 02.12.2013 and 27.12.2013 through
Demand Draft and RTGS transfer (both to M/s Roland Exports) respectively from Bank
A/c No. 000011188460028 of M/s Heights International in Deutsche Bank, Ludhiana.
3Property No. B-XXXVI-1118 at Guru Amar Dass Nagar, Gali No. 10, Opposite Gurudwara
Singh Sabha, Sunet, LudhianaThis property is a land of 167 sq. yards which was
purchased during auction from Bank of Maharashtra on 25.07.2016.Purchased for an
amount of Rs. 40,05,000/-. No stamp duty paid as this property was purchased from
bank.Two payments of amounts of Rs. 581250/- and Rs. 3003750 were made on
20.07.2015 and 03.08.2015 to the Authorised Officer, Bank of Maharashtra CHD
Sarfaesi Act from my Bank of Maharashtra A/c No. 60212701271. Balance payments were
made from some other account, details of which was undertaken to be submitted
shortly; that the same has however not been submitted.4 1681/1A/5 Subhash Nagar,
Bhagwan Nagar Road, Basti Jodhewal, LudhianaThis property was earlier known as 21,
New Shakti Nagar, Ludhiana and is 300 sq. yard land purchased from Rajinder Kumar,
R/o 4036/1A, Gali No. 3, Narinder Nagar, Ludhiana.Purchased for an amount of Rs.
11,00,000/- and stamp duty of Rs. 88,000/-.Payments of amounts of Rs. 5,00,000/-
and Rs. 6,00,000/- were paid vide Cheque Nos. 020134 dated 10.02.2009 and 020160
dated 21.03.2009 from his Axis Bank Account; that he didnot remember that Account
number as it has been closed long ago.51 acre land (Khatauni No. 162/193), Village
Katani Kalan, Chandigarh Road, LudhianaThis property is in the name of Ms. Nihal
Kaur.He was not aware about the payment details regarding the purchase of the said
property.
The afore-said clearly reveals that the A/c No. 034013100000618 (CC Limit A/c) of
M/s Geoxa Steels Pvt. Ltd. in Andhra Bank was provided cash credit loan only on the
basis of properties pledged with the bank; that however these properties have been
found during investigation to be linked with the proceeds of crime. The
investigation in respect of these properties is also continuing.
2) Evidence of laundering of proceeds of crime by Dinesh Kumar through his firms

M/s Vision Procon and Dinesh Kumar & Sons HUF:
The accused Dinesh Kumar is proprietor of M/s Vision Procon and this firm has A/c
No. 28402000012935 in Indian Overseas Bank, Sector 7, Chandigarh, A/c No.
259872848167 in IndusInd Bank, Sector 35, Chandigarh, A/c No. 0065217110302 in
State Bank of India (earlier State Bank of Patiala), Bharat Nagar Chowk, Ludhiana
and A/c No. 1462000100116401 in Karnataka Bank, Sector 22, Chandigarh whereas M/s
Dinesh Kumar & Sons HUF is having A/c No. 1462000100117401 in Karnataka Bank,
Sector 22C, Chandigarh
The investigation conducted by the Enforcement Directorate, Chandigarh Zonal Office
has revealed that IOB Account No. 28402000012935 of the firm M/s Vision Procon is
in receipt of proceeds of crime from the Hong Kong based beneficiary acused company
M/s Colour Wave (HK) Ltd. and M/s Colour Wave Limied as per details given below:
Table No. 49
IR No.Lodged DateRemitter Party DetailsAmount remitted
(in USD)Amount remitted (in Rs.)21628.08.2014Colour Wave (HK)
Limited5,02,849.003,03,56,965.0021628.08.2014Colour Wave (HK)
Limited16,098.009,69,933.0021728.08.2014Colour Wave (HK)
Limited10,27,947.006,20,57,160.0016513.08.2013Colour Wave
Limited19,945.0012,19,048.00Total15,66,839.009,46,03,106.00
Dinesh Kumar was specifically enquired about the afore-said credits, by way of
foreign inward remittances, in IOB Account No. 28402000012935 of the firm M/s
Vision Procon during recording of his statement dated 30.06.2017 under Section 50
of the PML Act, 2002, wherein he inter-alia stated that:
i. no import / export work had been ever carried out in M/s Vision Procon; that
however IEC No. 2213004820 had been taken in that firm on instructions of accused
Ashu Mehra;
ii. the above-said Inward Remittances (IR Nos. 216, 217 and 165) were received in
the IOB Account No. 028402000012935 of M/s Vision Procon from the above-said
companies of accused Amanpreet Singh Sodhi based at Hong Kong; that there were no
underlying trade transactions for the receipt of the said inward remittances; that
these were sent by the accused Amanpreet Singh Sodhi only on instructions of
accused Ashu Mehra.
These IRs have been utilized by the accused for their own benefits.
There have been also various credits from other accused firms / companies, namely
M/s Saibhakti Impex Pvt. Ltd. and M/s Heights International IOB Account No.
28402000012935 of the firm M/s Vision Procon which are linked with the proceeds of
crime.
The investigation conducted by the Enforcement Directorate, Chandigarh Zonal Office
has also revealed that IndusInd Bank A/c No. 259872848167, State Bank of India
(earlier State Bank of Patiala) A/c No. 0065217110302 and Karnataka Bank A/c No.
1462000100116401 of the firm M/s Vision Procon is in receipt of proceeds of crime
from other accused firms, viz. M/s Heights International, M/s Saibhakti Impex Pvt.
Ltd., etc. and also from other firms / company owned and controlled by the accused
Gaurav Kirpal and Amanpreet Singh Sodhi. That further these credit entries are
linked with proceeds of crime through a chain of inter-account transfers from the
Hong Kong based beneficiary acused company M/s Colour Wave (HK) Ltd. That the
investigation conducted has also revealed that the State Bank of India (earlier
State Bank of Patiala) A/c No. 0065217110302 of M/s Vision Procon is in receipt of
proceeds of crime from one Gurgaon based company M/s Solaris Chemtech Industries
Limited to the tune of Rs. 15.30 crores vide 4 RTGS / NEFT credits dated
04.04.2015, 07.04.2015, 13.04.2015 and 21.04.2015 of amounts of Rs. 4,50,00,000/-,
Rs. 7,00,00,000/-, Rs. Rs. 3,00,00,000/- and Rs. 80,00,000/- respectively; that
further the said company M/s Solaris Chemtech Industries Limited is in receipt of
proceeds of crime from M/s Colour Wave (HK) Ltd., having been routed through one
Singapore based company M/s Mirabelle Trading Pte Ltd., a sister concern of company
M/s Solaris Chemtech Industries Limited. The funds were received from A/c No.
01722560000460 in Kotak Mahindra Bank and A/c No. 131010200002165 in Axis Bank of
M/s Solaris Chemtech Industries Limited.
That further in this regard, statement dated 12.05.2017 of accused Dinesh Kumar,
Proprietor of M/s Vision Procon was also recorded under Section 50 of the PML Act,
2002 wherein he has inter-alia admitted that M/s Vision Procon used to show trading
of fabrics / cloths to justify transfer of money from and into the Bank Accounts of
M/s Vision Procon and that actually no fabric / cloths were sold or purchased and
only bogus bills were raised from M/s Vision Procon & also bogus bills were raised
for purchase of clothes/fabrics in M/s Vision Procon. He has further admitted
herein that all these bills were bogus and their trade transactions were also bogus
and as there was no sales tax on clothes/fabric, hence this commodity was used for
trade purposes (bogus) to justify transfer of money from and to the Bank A/c of M/s
Vision Procon; that this bogus trade practice was done by him on the instructions
of the accused Ashu Mehra, Gaurav Kirpal & Amanpreet Singh Sodhi. The said fact has
also been reiterated by the accused Dinesh Kumar, Proprietor of M/s Vision Procon
in his statement dated 30.06.2017 recorded under Section 50 of the PML Act, 2002.
This showed that the firm M/s Vision Procon was used for laundering of the proceeds
of crime by the accused Dinesh Kumar at the instance of the other co-accused Ashu
Mehra, Gaurav Kirpal & Amanpreet Singh Sodhi.
The current Bank Account of M/s Dinesh Kumar & Sons HUF, viz. A/c No.
1462000100117401 in Karnataka Bank, Sector 22C, Chandigarh, was also found to be in
receipt of proceeds of crime from M/s Mehra & Sons HUF, M/s Vision Procon and also
out of sale proceeds of properties which had been earlier purchased out of proceeds
of crime.
3) Laundering of proceeds of crime by Ashu Mehra and his firms / companies, namely
M/s Lease Harbour (Proprietorship firm of Ashu Mehra), M/s Mehra & Sons HUF (having
karta as Ashu Mehra) and his companies, namely M/s Global Trade Matrix Pvt. Ltd.,
M/s AM Business Ventures P. Ltd., M/s Trade Hub India Pvt. Ltd., M/s Heights
International Tradehub Private Limited:
The accused Ashu Mehra is having Bank Accounts, one is A/c No. 1462500101158101 in
Karnataka Bank & second is A/c No. 027250900000074 in Yes Bank whereas his firms,
namely M/s Lease Harbour (proprietorship) is having A/c No. 027261900000341 in Yes
Bank, M/s Mehra & Sons HUF (having him as karta) is having A/c Nos.
1462000100117301 & 1462500101103801 in Karnataka Bank and the companies owned by
him, namely M/s AM Business Ventures P. Ltd. is having A/c Nos. 1462000100119201 in
Karnataka Bank & 027263300000254 in Yes Bank, M/s Trade Hub India Pvt. Ltd. is
having A/c No. 1462000100115701 in Karnataka Bank, M/s Heights International
Tradehub Private Limited is having A/c No. 259501007218 in IndusInd Bank and M/s
Global Trade Matrix Pvt. Ltd. is having A/c Nos. 200999956788 in IndusInd Bank,
Chandigarh and 3466901130 in Central Bank of India
Ashu Mehra is the main accused who has been issuing fraudulent Buyers Credit from
the complainant bank, viz. IOB, Sector 7, Chandigarh. The proceeds of crime have
been first credited into HSBC account of M/s Colour Wave (HK) Ltd. and from there
to the various accused beneficiaries through a chain of inter-account transactions
to the various firms / companies owned by the accused Ashu Mehra; that the same is
evident from the bank account statements of these firms / companies as obtained
during the investigation.
> Bank A/c No. 1462500101158101 of accused Ashu Mehra in Karnataka Bank is in
receipt of various unaccounted cash entries;
> Bank A/c No. 027250900000074 of accused Ashu Mehra in Yes Bank is having its
receipt of funds from Ashu Mehra and is therefore linked with proceeds of crime;
> Bank A/c No. 027261900000341 of M/s Lease Harbour (Proprietorship firm of Ashu
Mehra) in Yes Bank is in receipt of various credit entries, on account of rental
income from properties, linked with proceeds of crime.
> Bank A/c Nos. 1462000100117301 & 1462500101103801 of M/s Mehra & Sons HUF in
Karnataka Bank are in receipts of various funds through cash, M/s Global Trade
Matrix Pvt. Ltd., M/s Trade Hub India Pvt. Ltd., M/s Dinesh Kumar & Sons HUF, M/s
Vision Procon, M/s Prithvi Infradevelopers Pvt. Ltd., M/s Ganesh Traders, etc.
which are linked with proceeds of crime.
> That further Bank A/c No. 1462000100119201 of M/s A.M Business Ventures Pvt. Ltd.
is in receipt of one payment of Rs. 50,000/- from A/c No. 1462000100117301 of M/s
Mehra & Sons HUF in Karnataka Bank and source of funds in M/s Mehra & Sons HUF has
already been explained above which are linked with the proceeds of crime.
> Bank A/c No. 027263300000254 of M/s A M Business Ventures in Yes Bank, also
handled by Ashu Mehra which has received funds from Yes Bank Account of M/s Lease
Harbour (proprietorship firm of Ashu Mehra) and the same is also linked with
proceeds of crime.
> A/c No. 1462000100115701 of M/s Trade Hub India Pvt. Ltd. in Karnataka Bank is
also receipt of various funds through cash, M/s Global Trade Matrix Pvt. Ltd., M/s
Pioneer Knitting, M/s Vision Procon, M/s Dinesh Kumar & Sons HUF, M/s S T Texfab,
M/s Saibhakti Impex Pvt. Ltd., etc. which are linked with proceeds of crime.
> The various credit and debit transactions in A/c No. 1462000100115701 of M/s
Trade Hub India Pvt. Ltd., 1462500101103401 of M/s Dinesh Kumar & Sons HUF,
1462000100116401 of M/s Vision Procon in Karnataka Bank has been explained by
Dinesh Kumar in his statements dated 05.07.2017, 10.07.2017 and 18.07.2017 recorded
under Section 50 of the PML Act, 2002.
> M/s Global Trade Matrix Pvt. Ltd. is in receipt of various credit entries from
M/s Solaris Chemtech Industries Limited, M/s Vision Procon, M/s Saibhakti Impex
Pvt. Ltd., etc. which are linked with the proceeds of crime.
> The various credit entries in Bank A/c No. 200999956788 of M/s Global Trade
Matrix Pvt. Ltd. in IndusInd Bank, Chandigarh has also been explained by Ashu Mehra
in his statements dated 18.05.2017 as well as by the accused Dinesh Kumar in his
statement dated 10.08.2017 and 14.09.2017. That the same are found to be linked
with the proceeds of crime.
There is one Bank Account No. 0005415385050053886 of accused Ashu Mehra in RBL Bank
Ltd. which is suspended and no action is proposed or required.
4) Laundering of proceeds of crime by the accused Gaurav Kirpal and the firms /
companies owned / controlled by him, namely M/s Saibhakti Impex Pvt. Ltd., M/s Best
Exports, M/s Pioneer Knitting (alongwith its proprietor Surinder Kumar Palta), M/s
Keshav International (alongwith its proprietor Ms. Vandana Johar), M/s Omkara
Worldwide Traders Pvt. Ltd. (through its major share-holder owner Ms. Vandana
Johar) and M/s G B Creative Line (alongwith its proprietor Bhawna Kirpal):
The said company M/s Saibhakti Impex Pvt. Ltd. is having as its directors Gaurav
Kirpal and Aman Kirpal and holding A/c Nos. 28402000012769 in Indian Overseas Bank,
Sector 7, Chandigarh, 575002100055631 in PNB, 200002348623 in IndusInd Bank,
Pakhowal Road, Ludhiana, 02360210002575 in UCO Bank and 0065215642487 in State Bank
of India (earlier State Bank of Patiala), Bharat Nagar Chowk, Ludhiana. M/s
Saibhakti Impex Pvt. Ltd. is an accused applicant company in whose name the 3
unpaid Buyers Credit were issued. The proceeds of crime, which were credited into
the HSBC accounts of M/s Colour Wave (HK) Ltd., has been found to be credited in
the IndusInd as well as IOB Accounts of the company M/s Saibhakti Impex Pvt. Ltd.
either directly or by routing of the same through the 2 UAE based firms M/s Al
Dishu Trading FZE and M/s Besco International FZE. The proceeds of crime were
credited into the UCO bank and SBI accounts of M/s Saibhakti Impex Pvt. Ltd.
through a chain of inter-account transfers.
M/s Best Exports is having A/c No. 28402000012799 in Indian Overseas Bank, Sector
7, Chandigarh, 2416002100044150, 57500200055622 in Punjab National Bank,
200002366344 in IndusInd Bank, Pakhowal Road, Ludhiana and 0062427618568 in SBI
(earlier State Bank of Hyderabad). On the other hand Gaurav Kirpal is having A/c
Nos. 2360110028865 & 2360510011980 in UCO Bank, 324010100047269 in Axis Bank, and
156501000003377, one Joint Account No. 28401000026338 with his wife Bhawna Kirpal
in IOB and 2 other joint accounts bearing Nos. 100042214415 and 100042243231 in
IndusInd Bank. The proceeds of crime, were also found during investigation to be
credited into the HSBC account of M/s Colour Wave (HK) Ltd. and from these to the
IndusInd as well as IOB Accounts of the firm M/s Best Exports either directly or by
routing of the same through the 2 UAE based firms M/s Al Dishu Trading FZE and M/s
Besco International FZE. The proceeds of crime were credited into these accounts
through a chain of inter-account transfers. Gaurav Kirpal is an accused in the FIR
registered by the CBI and as such all the bank accounts held by him are linked with
the proceeds of crime. These bank accounts are also in receipt of proceeds of crime
from the accused company M/s Saibhakti Impex Pvt. Ltd.
M/s Pioneer Knitting is having A/c Nos. 28402000012968 in Indian Overseas Bank,
Sector 7, Chandigarh and 200999917208 in IndusInd Bank, Pakhowal Road, Ludhiana as
well its proprietor Surinder Kumar Palta is having A/c Nos. 3248000100221630 &
3248009300005356 in Punjab National Bank and 3010898668 in Central Bank of India.
The proceeds of crime, were also found during investigation to be credited into the
HSBC account of M/s Colour Wave (HK) Ltd. and from these to the IndusInd as well as
Indian Overseas Bank Accounts of the firm M/s Pioneer Knitting either directly or
by routing of the same through the 2 UAE based firms M/s Al Dishu Trading FZE and
M/s Besco International FZE. One statement dated 21.07.2017 of S.K. Palta,
Proprietor of M/s Pioneer Knitting was recorded under Section 50 of the PML Act,
2002, wherein he has inter-alia to be having Current Account No. 200999917208 of
IndusInd Bank, Ludhiana and Cash Credit (C/C) Account No. 028402000012968 and Term
Loan Account No. 2714/1 in Indian Overseas Bank, Sector 7, Madhya Marg, Chandigarh;
that the property of Mrs. Harjit Kaur w/o Sukhdev Singh at Himmatpur which was
already mortgaged in M/s Saibhakti Impex Pvt. Ltd. was further mortgaged in Cash
Credit and Term Loan facilities sanctioned to M/s Pioneer Knitting. The proceeds of
crime were also credited into the other accounts of Surinder Kumar Palta
(proprietor of M/s Pioneer Knitting) through a chain of inter-account transfers.
M/s Keshav International is having A/c Nos. 28402000012948 in Indian Overseas Bank,
Sector 7, Chandigarh and 201000798504 in IndusInd Bank, Pakhowal Road, Ludhiana.
Herein also the proceeds of crime, were found during investigation to be credited
into the HSBC bank account of M/s Colour Wave (HK) Ltd. as well as M/s Colour Wave
Limited and M/s Paras International Creations Ltd. and from these to the IndusInd
as well as IOB Accounts of the firm M/s Keshav International by routing of the same
through the 2 UAE based firms M/s Al Dishu Trading FZE and M/s Besco International
FZE; that however M/s Keshav International has submitted export bills of their
over-valued export goods to account for the receipt of various irregular foreign
inward remittances. M/s Keshav International is one of the group firms / companies
of the accused Gaurav Kirpal. Besides the above, M/s Keshav International is also
in receipt of funds from the accused company M/s Saibhakti Impex Pvt. Ltd. which
are also linked with the proceeds of crime.
M/s Omkara World Wide Traders Pvt. Ltd. is having bank A/c Nos. 28402000012902,
156502000000626 & 14190200000862 in Indian Overseas Bank, Sector 7, Chandigarh and
200999576405 in IndusInd Bank, Pakhowal Road, Ludhiana. Herein also the proceeds of
crime, were found during investigation to be credited into the HSBC account of M/s
Colour Wave (HK) Ltd. as well as M/s Colour Wave Limited and M/s Paras
International Creations Ltd. and from these to the IndusInd as well as IOB Accounts
of M/s Omkara Worldwide Traders Pvt. Ltd. either directly or by routing of the same
FZE; that however M/s Omkara Worldwide Traders Pvt. Ltd. has submitted export bills
of their over-valued export goods to account for the receipt of various irregular
foreign inward remittances. The accused Gaurav Kirpalhas projected M/s Omkara
Worldwide Traders Pvt. Ltd. to be one of its group firms / companies. Besides the
above, the company M/s Omkara Worldwide Traders Pvt. Ltd. is also in receipt of
funds from the accused company M/s Saibhakti Impex Pvt. Ltd. which are also linked
with the proceeds of crime. The ROC records for the FY 2015-16 pertaining to M/s
Omkara Worldwide Traders Pvt. Ltd. show that 954000 shares of this company is owned
by Ms. Vandan Johar and 4000 shares are owned by Anish Palta, implying thereby that
Ms. Vandan Johar is the major share-holder owner of the said company. The
investigation with respect to M/s Omkara Worldwide Traders Pvt. Ltd. is still
continuing.
Further, statement dated 19.05.2017 of Ms. Vandana Johar, Proprietor of M/s Keshav
International, Ludhiana was also recorded under Section 50 of the PML Act, 2002
wherein she has inter-alia stated that all the business transactions in the M/s
Keshav International & M/s Omkara Worldwide Traders (P) Ltd. (in this company she
was earlier a Director) was handled by her brother Gaurav Kirpal (accused). The
source of funds with Gaurav Kirpal and the various firms / companies owned /
controlled by him has already been detailed in the foregoing paras to be linked
with the proceeds of crime.
M/s G B Creative Line is a proprietorship firm of Ms. Bhawna Kirpal w/o Gaurav
Kirpal and is having A/c No. 201000791909 in IndusInd Bank, Ludhiana. This account
is also in receipt of various credit entries from firms / companies owned /
controlled by the accused Gaurav Kirpal which are linked with the proceeds of
crime. In this regard, one statement dated 12.02.2018 of Ms. Bhawna Kirpal w/o
Gaurav Kirpal (accused) was also recorded under Section 50 of the PML Act, 2002
wherein on being asked about the various suspected credit / debit entries in Bank
Account No. 201000791909 of M/s G.B Creative Line, she stated that she cannot make
any statement on the said credit / debit entries and the same could be explained
her husband Gaurav Kirpal (accused) who looked after the said transactions. Apart
from the above, she has also admitted in her this statement to be Proprietor of the
firm M/s G.B Creative Line, 306, Industrial Area A, Ludhiana and having remained
Director of the company M/s Saibhakti Impex Pvt. Ltd. from 01.06.2009 till her
resignation in 2014.
5) Laundering of proceeds of crime by Tina Dullat Mehra, her mother Ranjit Kaur
Dullat alongwith their firms M/s English Education Services Training, M/s Sterling
Sports Rehab & Advance Physioth and M/s EES Student Visa Advisors Pvt. Ltd.:
Tina Dullat Mehra (also Tina Yashdeep Mehra) is wife of accused Ashu Mehra. She and
her mother are running the afore-said partnership firms.Tina Dullat Mehra has bank
accounts bearing A/c Nos. 208301000000709 & 208301000006449 in Indian Overseas Bank
and 50100018282269 in HDFC Bank; that her mother Ranjit Kaur Dullat is having A/c
No. 50100043909370 in HDFC Bank. M/s English Education Services Training is having
A/c No. 028402000012949 in Indian Overseas Bank and 134105500463 in ICICI Bank, M/s
Sterling Sports Rehab & Advance Physioth is having A/c No. 134105500490 in ICICI
Bank and M/s EES Student Visa Advisors Pvt. Ltd. is having A/c No. 134105000389 in
ICICI Bank.
There have been various cash deposits in these accounts with many of these cash
deposits having been done by the accused Ashu Mehra. Besides there are also many
unaccounted transfers in these accounts. The account holders are not revealing the
source of the said funds and the investigation in this regard is likely to take
some more time and thereafter, supplementary complaint, if any, would be filed.
Apart from the above, the investigation has revealed that there was a credit of Rs.
8,00,000/- in the Indian Overseas Bank A/c No. 208301000006449 of Tina Mehra w/o
accused Ashu Mehra from one company M/s RMC Project Consultants Limited on
20.06.2013; that utilizing the said credit Mrs. Tina Mehra transferred the said
amount to Syndicate Bank Account No. 90361010013353 of one M/s Mekaster Ecosystems
Pvt. Ltd.; that the same was for purchase of shares of M/s Mekaster Ecosystems Pvt.
Ltd. However, the investigation conducted has revealed that the said amounts were
returned to her by way of 2 debits on 08.08.2013 and 17.12.2013 of Rs. 1,00,000/-
and Rs. 7,00,000/- from Syndicate Bank Account No. 90361010013353 of one M/s
Mekaster Ecosystems Pvt. Ltd.; that the said re-payments are however preceded by 2
foreign inward remittances of USD 2,00,000.00 (Rs. 1,21,74,950/-) and USD
1,37,475.00 (Rs. 84,11,312/-) on 01.08.2013 and 11.12.2013 respectively from M/s
Colour Wave Limited into the afore-said Syndicate Bank Account No. 90361010013353
of one M/s Mekaster Ecosystems Pvt. Ltd. (Refer Table No. 35 supra).
Hence, the said bank accounts are linked with the proceeds of crime.
That the accused Dinesh Kumar in his statement dated 14.09.2017 recorded under
Section 50 of the PML Act, 2002 has inter-alia stated that vide NEFT dated
08.12.2015, two amounts of Rs. 2,00,000/- each was given from IndusInd Bank Account
No. 200999956788 of M/s Global Trade Matrix Pvt. Ltd. to ICICI bank accounts of M/s
Dream Height Homes Pvt. Ltd. and M/s Global Printlink Graphics Pvt. Ltd.; that he
thereafter transferred an amount of Rs. 1,00,000/- from Bank Account No.
134105000328 of M/s Global Printlink Graphics Pvt. Ltd. maintained in ICICI Bank,
Chandigarh to the Bank Account of M/s Sterling Sports Rehab & Advance Physioth for
Mrs. Tina Yashdeep Mehra, wife of Ashu Mehra and Dr. Gaurav Sharma (Partner).
M/s Sterling Sports Rehab & Advance Physioth viz. A/c No. 134105500490 in ICICI
Bank, is in receipt of one payment of an amount of Rs. 1,50,000/- from ICICI Bank
A/c No. 134105000329 of M/s Dreamheight Homes Pvt. Ltd. which is also linked with
the proceeds of crime.
6) Laundering of proceeds of crime through M/s Dreamheight Homes Pvt. Ltd.:

M/s Dreamheight Homes Pvt. Ltd. is having Bank Account No. 134105000329 in ICICI
Bank. This bank account is in receipt of cash payments from Ashu Mehra as well as
various credit entries from M/s Global Trade Matrix Pvt. Ltd. which are linked with
proceeds of crime. Dharminderjeet Singh, Director, M/s Dreamheight Homes Pvt. Ltd.
has submitted in his statement dated 08.11.2017 recorded under Section 50 of the
PML Act, 2002 that Ashu Mehra had assigned the following work to his company M/s
Dreamheight Homes Pvt. Ltd.:
Table No. 50
Sr. No.Details of the construction activity assigned to company M/s Dreamheight
Homes Pvt. Ltd.Payments received 1Construction of office space for M/s Prithvi
Infradevelopers Pvt. Ltd. on fourth floor at SCO 210-11, Sector 34A, Chandigarh
assigned to me Deal was for Rs. 15,00,000/- (approx.)2Construction of office space
for M/s Sterling Sports Rehab & Advance Physioth at 1st Floor, SCO 226-227, Sector
34A, Chandigarh assigned to meDeal was for Rs. 15,00,000/-3Construction of house at
H. No. 267, Sector 10A, Chandigarh purchased in the name of M/s Global Trade Matrix
Pvt. Ltd.Deal was for Rs. 2.25 crores.4Renovation of house at H. No. 583, Sector
10D, Chandigarh purchased in the name of M/s Trade Hub India Pvt. Ltd.Deal was for
Rs. 50,00,000/-
The payments made to M/s Dreamheight Homes Pvt. Ltd. are therefore found to be
linked with the proceeds of crime, having been arranged by the accused Ashu Mehra.
The documents obtained from the Registrar of Companies indicate that the accused
Ashu Mehra and Dinesh Kumar both have approximately 2/3 and 1/3 shares each in the
said company.
7) Laundering of proceeds of crime through M/s Global Printlink Graphics Pvt. Ltd.:
M/s Global Printlink Graphics Pvt. Ltd. is having Bank Account No. 134105000328 in
ICICI Bank. This bank account is in receipt of cash payments from Ashu Mehra as
well as various credit entries from M/s Global Trade Matrix Pvt. Ltd. and M/s
Prithvi Infradevelopers Pvt. Ltd. which are linked with proceeds of crime.
8) Laundering of proceeds of crime through M/s Mekaster Engineering Ltd.:

M/s Mekaster Engineering Ltd. is having A/c Nos. 0259646619019 in IndusInd Bank and
04880210001585 in UCO Bank. The investigation conducted by the Enforcement
Directorate, Chandigarh Zonal Office has revealed that the company M/s Mekaster
Engineering Limited is in receipt of funds from the accused, viz. M/s Vision
Procon, M/s Heights International, M/s Colour Wave Limited, etc. These funds were
utilized by the said company for import and installationof Vapour Recovery Units at
HPCL depots at Kadappa, Bokaro and Paradip. That during the course of
investigation, the 2 Mekaster group of companies, viz. M/s Mekaster Ecosystems Pvt.
Ltd. and M/s Mekaster Engineering Ltd. have submitted a chart showing the total
amount received by them from the investors which is as given below:
Table No. 51
Sr. No.ParticularsAmount (Rs.)Remarks1Colour Wave 218,33,200.00 In the books of
M/s Mekaster Ecosystems Pvt. Ltd.2Heights International 9,70,967.00 3Share
Application Money 42,50,000.00 4Share Capital 22,00,000.00 5Vision Procon
571,03,620.00 In the books of M/s Mekaster Engineering Limited6Heights
International 335,11,621.00 7Heights International - Chandigarh (Bokaro site)
175,19,030.00 In the books of M/s Mekaster Engineering Limited (LC � Letter of
Credit account)8Heights International � Chandigarh (Bokaro site) 73,11,970.00
9Colour Wave - Hong Kong (Kadappa site) 236,48,660.00 10Colour Wave - Hong Kong
(Kadappa site) 99,39,034.00 11Heights International-Ludhiana (Paradeep site)
52,50,000.00 12Heights International-Ludhiana (Paradeep site) 131,17,500.00
13Heights International-Ludhiana (Paradeep site) 260,70,825.00 14Not traceable
7,50,275.00 FAT Invoice�Total22,34,76,702.00 �
That during the course of investigation, Mekaster group also submitted chart
showing that the following payments were sent by M/s Heights International and M/s
Colour Wave Ltd. / M/s Colour Wave (HK) Ltd. to M/s Borsig Membrane Technology,
Germany for import of Vapour Recovery Units for installation at HPCL projects in
Bokaro, Kadapa and Paradeep.
Table No. 52
Direct payment made by Investors to Borsig Membrane Technology (In USD & EURO) for
import of Vapour Recovery Units from Germany for installation at HPCL sitesSr.
No.ParticularsAmount (in USD & EURO)Equivalent Amount (in Rs.)Remarks1Bokaro
SiteAInvoice Value (in USD)282565175,19,030.00 Payment made by M/s Heights
International, Chandigarh through LC No. 284/IOB/NSI/27/13 dated 08.11.2013 opened
with complainant bank, viz. Indian Overseas Bank, Sector 7, ChandigarhBInvoice
Value (in USD)117935 73,11,970.00 2Kadappa SiteAInvoice Value (in
USD)381430236,48,660.00 Payment made by Colour Wave (HK) Ltd. / M/s Colour Wave
Ltd., Hong KongBInvoice Value (in USD)160307 99,39,034.00 CInvoice Value (in
EURO)10003.66 7,50,275.00 Not traceable3Paradeep SiteAInvoice Value (in
EURO)70000 52,50,000.00 Payment made by M/s Heights International, Ludhiana
through LC No. 796LCF1500056 dated 20.02.2015 opened with Deutsche bank, Pakhowal
Road, LudhianaBInvoice Value (in EURO)174900131,17,500.00 CInvoice Value (in
EURO)347611260,70,825.00 Total amount in Foreign Currency - USD 942237 & EURO
602514.66Total equivalent amount in Rupees is Rs. 10,36,07,294/-
The business of M/s Mekaster Engineering Limited and M/s Mekaster Ecosystems Pvt.
Ltd. with firms of accused Amanpreet Singh Sodhi has been already admitted by V.M
Trehan in his statement dated 30.05.2017.
That in order to ascertain the source of funds in M/s Mekaster Engineering Limited
and M/s Mekaster Ecosystems Pvt. Ltd., statement dated 16.11.2017 of one Mohit
Khanna of Mekaster group was recorded under Section 50 of the PML Act, 2002 wherein
he inter-alia stated the Mekaster group of companies was facing a severe financial
crunch around 2010 � 2011 and that for getting out of the said financial crunch,
V.M.Trehan contacted one Bapi Dash alongwith one Surinder Pal Singh Kalra (also a
financial consultant) who arranged one investor for makinge investments as per
their requirements for import of Vapour Recovery Units from M/s Borsig GmbH,
Germany. That the MOU dated 17.06.2013 was signed with the investor parties who
were represented at the signing of the agreement by Amanpreet Singh Sodhi and Brig.
(Retd.) M.S.Dullat (both accused). That as per the said MOU, the funds were to be
arranged by Amanpreet Singh Sodhi (Proprietor of M/s Heights International) who was
mostly represented before them by Ashu Mehra. The complete details of funds
received from Mekaster group has also been detailed supra. That the investigation
conducted has revealed that these payments were also made out of proceeds of crime.
9) Laundering of proceeds of crime through M/s Goodluck Carbon Pvt. Ltd.

M/s Goodluck Carbon Pvt. Ltd. is having Bank Account No. 01340210000960 in UCO
Bank. The said bank account is also in receipt of various funds from the firms /
companies of the accused Gaurav Kirpal, viz. M/s Omkara Worldwide Traders Pvt.
Ltd., M/s Best Exports and M/s Saibhakti Impex Pvt. Ltd. for which Rajendra Pahwa,
Director of M/s Goodluck Carbon Pvt. Ltd. has submitted in his voluntary statement
dated 04.07.2018 recorded under Section 50 of the PML Act, 2002 that the same was
on account of some business of carbon black. However the complete party-wise ledger
/ details of the same are yet to to be submitted by Rajan Pahwa and hence till date
he has to still justify his claims.
Table No. 53
Sr. No.DateTransaction detailsAmount credited (in Rs.)118.06.16RTGS from Omkara
Worldwide Traders Pvt. Ltd.20,00,000.00213.06.16NEFT M/s Best
Exports8,00,000.00301.01.15RTGS from M/s Saibhakti Impex Pvt.
Ltd.9,20,000.00415.12.14RTGS from M/s Saibhakti Impex Pvt. Ltd.51,39,000.00
Also there have been various cash entries in the said bank account for which till
date proper explanation has not been tendered by the account holder with respect to
the source of funds. Besides the above, the accused Gaurav Kirpal has further
admitted in his statement dated 06.07.2018 recorded under Section 50 of the PML
Act, 2002 of having advanced an amount of Rs. 9 crores from his company M/s
Saibhakti Impex Pvt. Ltd. to M/s Goodluck Carbon Pvt. Ltd. as a trade advance for
purchase of carbon black and futher no goods were obtained against the said amount
and also that the said amount was not returned to him.
10) Laundering of proceeds of crime through M/s Prenda Creations Pvt. Ltd. and M/s
RAP Events by the accused Gaurav Kirpal:
M/s Prenda Creations Pvt. Ltd. is holding Bank Account No. 5340210003541 in UCO
Bank and one Kaushal Nath Kirpal (father of Gaurav Kirpal) is its Director. This
account is in receipt of various funds from the accused Gaurav Kirpal and the firms
/ companies owned / controlled by him. One such credit is by way of transfer of an
amount of Rs. 24,25,000/- from the accused Gaurav Kirpal for which no satisfactory
explanation has been tendered by the accused Gaurav Kirpal and the company M/s
Prenda Creations Pvt. Ltd. The said bank account of M/s Prenda Creations Pvt. Ltd.
was also used for laundering of proceeds of crime to the tune of Rs. 5,19,75,000/-
by the accused Gaurav Kirpal to the Bank Account No. 13212000000590 of M/s RAP
Events; that further M/s RAP Events has one Rakesh Kumar, brother-in-law of accused
Gaurav Kirpal, as its main partner. The details of the same are as given below:
It is submitted that there has been two RTGS transfers dated 10.04.2017 and
11.04.2017 of amounts of Rs. 4,34,00,000/- and Rs. 85,75,000/- by the company M/s
Prenda Creations Pvt. Limited from their Account No. 5340210003541 in UCO Bank to
Bank Account No. 13212000000590 of M/s RAP Events, H. No. 127, Sector 10, Panchkula
maintained in HDFC Bank of the company at Swastik Vihar, Panchkula i.e. this total
amount of Rs. 5,19,75,000/- were freezed by HDFC Bank by the freezing the Bank
Account No. 13212000000590 of M/s RAP Events, on the request letter dated
11.04.2017. In this regard, searches were also conducted under Section 17 of the
Prevention of Money Laundering Act, 2002 (PMLA) on 13.04.2017 at the business
premises of M/s RAP Events, H. No. 127, Sector 10, Panchkula. That during the said
searches conducted on 13.04.2017 under PMLA, 2002 at the business premises of M/s
RAP Events, statement of Shri Rakesh Kumar, Partner, M/s RAP Events was recorded
under Section 17 of the PMLA, 2002 on spot during which he couldnot offer any
satisfactory explanation; that it appeared that the said transfer was done
apparently to evade the freezure actions initiated by ED after searches conducted
on 07.04.2018; that the afore-said amount of Rs. 5,19,75,000/- lying in Bank
Account No. 13212000000590 of M/s RAP Events were part of proceeds of crime
generated through criminal activities having been laundered through a chain of
inter-account transfers by the accused Gaurav Kirpal.
It was found during investigation that the source of funds with M/s Prenda
Creations Pvt. Ltd. for the said RTGS transfers to M/s RAP Events were out of funds
remitted into the said Account of M/s RAP Events from UCO Bank Account No.
02360510011980; that accordingly Gaurav Kirpal was specifically enquired about the
source of funds available with him for making transfers of an amount of Rs.
4,34,00,000/- and Rs. 85,75,000/- on 10.04.2017 and 11.04.2017 vide cheque nos.
738117 and 738118 respectively from his UCO Bank Account No. 02360510011980 to UCO
Bank Account No. 05340210003541 of the company M/s Prenda Creations Private
Limited. In this regard, one statement dated 06.07.2018 of Gaurav Kirpal was also
recorded under Section 50 of the PML Act, 2002 wherein he inter-alia stated that
the source of funds available with him was out of closure of following Fixed
Deposits held by him and his wife (in a joint account) and one RTGS payment from
M/s G B Creative Line.
Table No. 54
Sr. No.DateDescriptionCredit (in Rs.)111-04-2017Closure Proceeds: 02360310107898
99,64,459.00 211-04-2017Closure Proceeds: 02360310107966 77,49,225.00 311-04-
2017Closure Proceeds: 02360310107751 99,66,798.00 411-04-2017Closure Proceeds:
02360310107737 99,67,967.00 511-04-2017Closure Proceeds: 02360310107720
99,76,782.00 611-04-2017Closure Proceeds: 02360310107713 99,78,018.00 711-04-
2017Closure Proceeds: 02360310107706 99,79,255.00 811-04-2017Closure Proceeds:
02360310107836 99,65,629.00 907-04-2017RTGS / G B Creative Line
11,10,000.00 ��Total 7,86,58,133.00
The accused Gaurav Kirpal has further submitted in his this statement that before
credit of Rs. 11,10,000/- from M/s G B Creative Line, his UCO Bank Account No.
02360510011980 was having Rs. 2,63,82,581.55 as its debit balance. That the afore-
said credit was utilized for re-payment of the debit balance of Rs. 2,63,82,581.55
and for further payment of Rs. 4,34,00,000/- and Rs. 85,75,000/- on 10.04.2017 and
11.04.2017 vide cheque nos. 738117 and 738118 respectively from his UCO Bank
Account No. 02360510011980 to UCO Bank Account No. 05340210003541 of the company
M/s Prenda Creations Private Limited. He has further submitted that M/s Prenda
Creations Private Limited is their family concern and hence the business of the
said company alongwith the source of funds therein are being looked after by him
and his family.
The investigation in this regard is still continuing and many more evidence would
be brought out during the course of further investigation and the same would be
brought to the knowledge of this Hon�ble Court through supplementary prosecution
complaint, if any.
11) Laundering of proceeds of crime by M/s Golden Processors:

M/s Golden Processors is having Bank Account in Karnataka Bank having A/c No.
4527000100353001; that the said firm, in its said account, is in receipt of foreign
inward remittance from one UAE based firm M/s Vardan Garments Trading LLC; that M/s
Vardan Garments Trading LLC was opened by one Atul Kumar Garg of M/s Besco
International FZE after registering of FIR No. RCBD1/2016/E/0007 dated 08.08.2016
by the CBI. Statement dated 09.05.2017 of Sudhir Kumar Chadha, Partner, M/s Golden
Processors, Ludhiana was also recorded under Section 50 (2) and (3) of the PMLA
2002 wherein he was specifically enquired about the details of any advance
remittance received by him in respect of exports at the instance of accused Gaurav
Kirpal to which he replied that all the foreign payments were made by his overseas
buyers to whom he had exported goods; that not any single payment/remittance
(foreign) was arranged by the accused Gaurav Kirpal to his firm; that however the
investigation conducted revealed that he has been presenting wrong facts to mislead
the investigation. That during investigation conducted by the Directorate of
Enforcement from one Atul Kumar Garg, Partner of M/s Besco International FZE, he
has admitted in his statement dated 18.05.2018 recorded under Section 50 of the PML
Act, 2002 that he had sent on Outward Remittance (T/T) of AED 82755 to M/s Golden
Processors on 17.08.2016 from RAKBANK Account No. 0242463994001 of M/s Vardan
Garments Trading LLC, UAE; that he was completely working for accused Gaurav Kirpal
on commission basis and further that he had been receiving funds from Gaurav Kirpal
in his bank accounts of his UAE based firms M/s Besco International FZE and M/s
Vardan Garments Trading LLC, UAE. He has also admitted in his this statement that
the accused Gaurav Kirpal had informed him during August, 2016 that CBI had
conducted searches at his various premises in connection with the Buyers Credit
fraud in Indian Overseas Bank, Sector 7, Chandigarh and that CBI might seize the
bank accounts of the firms / companies owned / controlled by him; that he (Gaurav
Kirpal) further informed him (Atul Garg) that the firm M/s Golden Processors was
also controlled by him (Gaurav Kirpal) and that he (Atul Garg) should now send his
(Gaurav�s) funds, lying in Dubai with him (Atul), in bank account of M/s Golden
Processors; that hence, as per say of Gaurav Kirpal, he had remitted the afore-said
amount of AED 82755 to M/s Golden Processors; that for sending the said remittance
he (Atul Garg) was never in contact with Sudhir Kumar Chadha or any person in M/s
Golden Processors; that till date he had not received any export goods
corresponding to the said payment sent to M/s Golden Processors.
The investigation conducted by the Directorate of Enforcement has revealed that an

amount of USD 22450.82 (equivalent to Rs. 14,96,796.00) has been credited in
Karnataka Bank Account of M/s Golden Procesors on 18.08.2016; that the said foreign
inward remittance has been first credited, corresponding to Bill ID No.
16452ITT0000428 on 18.08.2016 in Packing Credit Account of M/s Golden Processors
vide two credit entries of said date of amounts of Rs. 5,53,103.00 and Rs.
9,42,333.00 (total amount being Rs. 14,95,436.00); that further utilizing this
credit an amount of Rs. 14,90,000/- was remitted on 19.08.2016 into the Bank
Account No. 4527000100353001 of M/s Golden Processors in Karnataka Bank, Ludhiana.
The foreign remittance details of M/s Golden Processors, Ludhiana were also
submitted by Karnataka Bank, Ludhiana.
The funds available with the UAE based firm M/s Vardan Garments Trading LLC is
completely out of funds made available to the said firm representative Atul Kumar
Garg by the accused Gaurav Kirpal; that further the funds available with the
accused Gaurav Kirpal are out of proceeds of crime. These have been utilized for
laundering of the proceeds of crime through foreign inward remittance of an amount
of USD 22450.82 (equivalent to Rs. 14,96,796.00) into the Karnataka Bank Account of
M/s Golden Processors. The same has been utilized by M/s Golden Processors for re-
payment of loans in their Loan Account No. 4527000100353001 in the said bank.
Karnataka Bank is in possession of immoveable assets as security / collaterals of
M/s Golden Processors, Ludhiana and this amount of Rs. 14,96,796.00 would be
required to be confiscated by debiting the same from the Loan Account No.
4527000100353001 of M/s Golden Processors, Ludhiana, being proceeds of crime in the
instant case.
The investigation conducted by the Directorate of Enforcement has clearly revealed

that M/s Golden Processors is in receipt of proceeds of crime. The investigation in
this respect is still continuing with regard to the other foreign inward
remittances received by M/s Golden Processors, Ludhiana in their Karnataka Bank
account and also the various inter-account transfers received by the said firm from
the various other bank accounts of the firms / companies owned / controlled by the
accused Gaurav Kirpal. The completion of the same would take some more time after
which supplementary prosecution complaint, if any, would be filed.
12) Laundering of proceeds of crime through the firms M/s Kandaghat Holdiday Homes,
M/s Bot Ventures and M/s Business Backers Marketing Solutions:
M/s Kandaghat Holiday Homes Pvt. Ltd. is having A/c No. 134105500545 in ICICI Bank
whereas M/s Bot Ventures and M/s Business Backers Marketing Solutions are having
Bank Account Nos. 027261900000142 and 027261900000161 respectively in Yes Bank. All
the three firms are having one Dharminder Sharma as its partner, an associate of
the accused Ashu Mehra.
One statement dated 11.05.2017 of the accused Dinesh Kumar, Director of M/s Prithvi
Infradevelopers Pvt. Ltd. was also recorded under Section 50 of the PML Act, 2002
wherein he inter-alia stated that Dharminder Sharma had been working as GM, Sales
and looking after construction too in M/s Prithvi Infra Developers Pvt. Ltd. for
which salary cheques were issued under his (Dinesh) signature to him (Dharminder);
that as per say of the accused Ashu Mehra, he (Dharminder) was initially appointed
as a sales person of M/s Prithvi Infra Developers Pvt. Ltd. for sale of flats at
Kandaghat; that on directions of Ashu Mehra, a salary of approx Rs. one lac (Rs.
10,000/- used to be deducted as TDS) was paid from ICICI Bank A/c of M/s Prithvi
Infra Developers Pvt. Ltd. through cheques/NEFT bearing his signatures / authority.
The investigation conducted has revealed that the source of funds with M/s Prithvi
Infradevelopers Pvt. Ltd. were completely out of proceeds of crime, details of
which have been already discussed supra; that further salary of Dharminder Sharma
was also paid at the instance of the accused Ashu Mehra which are therefore linked
with proceeds of crime. Hence, the funds with the two partnership firms, namely M/s
Bot Ventures and M/s Business Backers Marketing Solutions, having been arranged by
Dharminder Sharma in association with the acused Dinesh Kumar and Ashu Mehra are
very well linked with the proceeds of crime.
One statement dated 05.06.2017 of Dharminder Sharma was also recorded under Section
50 of the PML Act, 2002, wherein he has inter-alia stated that his 3 firms M/s Bot
Ventures, M/s Business Backers Marketing Solutions and M/s Kandaghat Holdiday Homes
are partnership firms with M/s Bot Ventures being leasing house, M/s Business
Backers Marketing Solutions being franchisee business and M/s Kandaghat Holiday
Homes being Real Estate broking firm and further stated that the companies were
started in September 2016; that he had obtained certain space in 3348, Sector 35,
Chandigarh from Ashu Mehra. He has also admitted that Mrs. Tina Dullat Mehra w/o
Ashu Mehra (accused) was running IELTS coaching Institute and his (Dharminder�s)
wife was partner with her in EES Student Visa Advisors. He has also stated to be
doing consulting work in Prithvi Infradevelopers Pvt. Ltd. in sales & business
development and he submitted the remunerations sheet in this regard; that further
he has admitted to be working as Director (Sales) in M/s Prithvi Infradevelopers
Pvt. Ltd. with consulting fee of Rs. 1,00,000/- per month. He has further admitted
in his this statement to have sold flat through his partnership firm M/s Kandaghat
Holiday Homes for which he had received initial payment from only one client
C.P.Bansal for 3 BHK unit. It can be therefore seen that the funds in M/s Kandaghat
Holiday Homes was out of payments received for sale of flats of M/s Prithvi
Infradevelopers Pvt. Ltd. and further that the funds with the said company has been
already discussed above to be linked with the proceeds of crime. M/s Prithvi
Infradevelopers Pvt. Ltd. has the accused Amanpreet Singh Sodhi and Dinesh Kumar as
its Directors and has received funds from their proprietorship firms M/s Heights
International and M/s Vision Procon. The above shows his close association with
Ashu Mehra and also that the remuneration was received by him from M/s Prithvi
Infradevelopers Pvt. Ltd. as per say of Ashu Mehra.
The investigation with regard to the afore-said freezed bank accounts is still
continuing and many more evidence with regard to these being linked with the
proceeds of crime would be brought out during the course of further investigation.
That the same would be thereafter brought out to the knowledge of this Hon�ble
Court through supplementary prosecution complaint.
5.1.4 The details of the immoveable properties freezed under the provisions of
Section 17(1A) of the PML Act, 2002 being proceeds of crime, during the course of
searches conducted in April, 2017, are as given below:
Table No. 55
Sr. No.Details of the property1SCO 42, Ground Floor, First Floor and Second Floor,
Sector 7, Chandigarh in the name of M/s Heights International / Sh. Amanpreet Singh
Sodhi. 2House No. 267, Sector 10A, Chandigarh (Area 809.08 Sq. Yards) in the name
of M/s Global Trade Matrix Pvt. Ltd. (Through its Director Brig. Malkiat Singh
Dullat). 3H. No. 3348, Sector-35 D, Chandigarh in the name of Mehra & Sons (HUF).
4H. No. 3086/1, Sector 47-D, Chandigarh. 5Flat No. 109, Ground Floor, Cooperative
Housing Complex, Sector 79, Mohali. 6Flat No. 701, 7th Floor, Block-A, Societies
Plot No. GH2, Sector � 23, Panchkula.7Khasra No. 196/214, Khasra No. 2106/682 at
Vill. Dabhota, Tehsil Nalagarh, Distt. Solan, H.P.8Land measuring 15 Marla
comprised in Khewat / Khatauni No. 55/57 Min, Khasra No. 685/342/264 (0-15)
situated at Village Thanthewal, Tehsil Nalagarh, District Solan, H.P.98B-4B, Khewat
No. 276/261, Vill. Rampur, Tehsil-Payal, District- Ludhiana in the name of M/s
Geoxa Foods (Prop. Sh. Amanpreet Singh Sodhi).10Villa No. 14A, Janpath Estate,
Canal Road, Ludhiana in the name of Ms. Bhawna Kirpal / Aman Kirpal / Gaurava
Kirpal.11Freehold Residential House No. 191, Green Avenue, Amritsar admeasuring 327
Sq. Yards bearing Khasra No. 1250/505-506 situated at Tungbala Urban Green Avenue,
Amritsar in the name of M/s Mehra & Sons (HUF). 12Portion of Plot No. 47, Ashoka
Park Extension, New Delhi purchased from Rifakat Ali & Others by Amanpreet Singh
Sodhi.13Portion of Plot No. 48, Ashoka Park Extension, New Delhi purchased from
Mauhabbat & Others by Amanpreet Singh Sodhi.14Part of Property Number 2248, 2249,
2250, 2251, 2252 & 2253 Dr. H.C.Sen Road, Fountain, Chandni Chowk, New
Delhi.15Mustatil No. 53, Kila No. 20 and 21, Revenue Estate, Village Jonapur,
Tehsil Mehrauli, New Delhi purchased from Mrs. Nirmala Jain w/o Nirmal Jain by
Mrs. Alka Pahwa w/o Rajendra Kumar (R/o 45, Bandh Road, Chattarpur, New Delhi.)
The evidence collected during investigation which prima-facie revealed the afore-
said immoveable properties to be linked with the proceeds of crime are discussed
herein below:
1) Property situated at SCO 42, Ground Floor (5041), First Floor (2406) and Second
Floor (2670), Sector 7, Chandigarh in the name of M/s Heights International / Sh.
Amanpreet Singh Sodhi
75% of the said property is in the name of the accused firm M/s Heights
International (through its proprietor Accused Amanpreet Singh Sodhi) whereas 25% of
the property is in the name of the accused Amanpreet Singh Sodhi. The payment made
by the afore-said accused for the purchase of the said property and the source of
funds with them for its purchase was ascertained from the property records,
analysis of the banking transactions for the said purchase as well as from the
statement dated 11.08.2017 of the accused Amanpreet Singh Sodhi recorded under the
provisions of Section 50 of the PML Act, 2002.
The following are the payment details in respect of the above-said property:
i. Payment details in respect of purchase of 30% share of the freehold SCO No. 42,
Sector 7C, Chandigarh on total plot area measuring 762.96 Sq. Yards purchased vide
Sale Deed No. 07.08.2015 in the name of M/s Heights International through its
proprietor Amanpreet Singh Sodhi:
* Value of 30% share as per collectorate rate is Rs. 11,98,80,842/- whereas sale
consideration was Rs. 2,70,00,000/- and stamp duty was of Rs. 59,94,100/- @ 5% of
collectorate value.
* Rs. 2,67,30,000/- was paid vide Cheque No. 722271 dated 07.08.2015 from Indian
Overseas Bank Account No. 028402000012941 of M/s Heights International to the
seller Kailash Abbott and TDS @ 1% of the total sale value of the said property
amounting to Rs. 2,70,000/- was paid from above-said Bank Account of IOB on
07.08.2015 for which Challan Serial No. AC2642986 dated 07.08.2015 was issued.
* Stamp Duty of Rs. 59,94,100/- was paid vide cheque no. 722268 on 15.07.2015 from
the afore-said IOB Account of M/s Heights International maintained in Indian
Overseas Bank, Sector 7, Madhya Marg, Chandigarh.
ii. Payment details in respect of purchase of 20% share of the freehold SCO No. 42,
Sector 7C, Chandigarh on total plot area measuring 762.96 Sq. Yards were sold vide
proprietor Sh. Amanpreet Singh Sodhi:
* Value of 20% share as per Collectorate Rate is Rs. 7,99,20,562/- whereas sale
collectorate value.
* Rs. 1,78,20,000/- was paid vide Cheque No. 722272 dated 07.08.2015 from Indian
Overseas Bank Account No. 028402000012941 of M/s Heights International to the
seller Kailash Abbott and TDS @ 1% of the total sale value of the said property
amounting to Rs. 1,80,000/- was paid from above-said Bank Account of IOB on
* Stamp Duty of Rs. 39,96,050/- was paid vide Cheque No. 722270 on 15.07.2015 from
the afore-said IOB Account of M/s Heights International.
iii. Payment details in respect of purchase of 25% share of the freehold SCO No.
42, Sector 7C, Chandigarh on total plot area measuring 762.96 Sq. Yards were sold
vide Sale Deed No. 07.08.2015 in the name of M/s Heights International through its
collectorate value.
* Payment of Rs. 3,21,75,000/- was made vide the following cheques from Account No.
0011188460028 of M/s Heights International maintained in Deutsche Bank, Pakhowal
Road, Ludhiana:
a) Advance of Rs. 2,48,50,000/- from Current Bank Account No. 0011188460028 of M/s
Heights International (Rs. 1,48,50,000/- and Rs. 1,00,00,000/- were paid vide
cheque nos. 558062 and 558076 which were debited from said bank account on
14.01.2015 and 05.03.2015 respectively) to the seller Kailash Abbott.
b) Balance amount of Rs. 73,25,000/- was paid to the owner Kailash Abbott from
Deutsche Bank Savings Account No. 400022471690019 of accused Amanpreet Singh Sodhi
vide Cheque No. 377341 dated 09.04.2015 on 16.04.2015.
* TDS @ 1% of the total sale value of the said property amounting to Rs. 3,25,000/-
was paid from IOB Account No. 028402000012941 of M/s Heights International on
* Stamp Duty of Rs. 50,00,000/- was paid by way of debiting Deutsche Bank Account
No. 0011188460028 of M/s Heights International on 02.03.2015.
iv. Payment details in respect of purchase of 25% share of the freehold SCO No. 42,
consideration was Rs. 3,25,00,000/- and stamp duty paid is Rs. 50,00,000/- @ 5% of
collectorate value.
* Payment of Rs. 3,21,75,000/- was made vide the following cheques from Deutsche
Bank Account Nos. 0011188460028 of M/s Heights International and 400022471690019 of
Amanpreet Singh Sodhi:
a) Advance of Rs. 3,00,00,000/- from Current Bank Account No. 0011188460028 of M/s
Heights International in Deutsche Bank (by way of three debits of equal amounts of
Rs. 1,00,00,000/- each, one debit on 07.03.2015 and two debits on 11.03.2015) to
the seller Kailash Abbott.
b) Balance amount of Rs. 21,75,000/- was paid to the seller Kailash Abbott from
Deutsche Bank Savings Account No. 400022471690019 in the name of Amanpreet Singh
Sodhi vide Cheque No. 377340 dated 09.04.2015 which was debited on 16.04.2015.
* TDS @ 1% of the total sale value of the said property amounting to Rs. 3,25,000/-
was paid from IOB Account No. 028402000012941 of M/s Heights International on
* Stamp Duty of Rs. 50,00,000/- was paid by way of debiting on 02.03.2015 Bank
Account No. 0011188460028 of M/s Heights International maintained in Deutsche Bank,
Pakhowal Road, Ludhiana.
The accused Amanpreet Singh Sodhi has further submitted in his said voluntary
statement dated 11.08.2017 recorded under Section 50 of the PML Act, 2002 that the
said property was purchased by him from the seller Kailash Abbott as per say of the
accused Ashu Mehra; that Ashu Mehra and Dinesh Kumar, who were operating Bank
Account No. 028402000012941 of M/s Heights International maintained in Indian
Overseas Bank, Sector 7, Madhya Marg, Chandigarh, were instrumental in the purchase
of the said property. He has also submitted that the accused Ashu Mehra used to
arrange the funds for the purchase of the above-said property whereas the accused
Dinesh Kumar used to work as authorised signatory for making / receiving payments
to / from the IOB Account No. 028402000012941 of M/s Heights International. The
source of money for the above-said payments was also explained by the accused
Amanpreet Singh Sodhi in his statement dated 11.08.2017 and is as given below:
i. Payment details in respect of purchase of 30% and 20% share of the freehold SCO
No. 42, Sector 7C, Chandigarh on total plot area measuring 762.96 Sq. Yards
purchased vide Sale Deed No. 07.08.2015 in the name of M/s Heights International
through its proprietor Sh. Amanpreet Singh Sodhi:
Sale consideration of Rs. 2,70,00,000/- and stamp duty of Rs. 59,94,100/- was paid
for the said purchase of 30% share of the above-said property whereas sale
consideration of Rs. 1,80,00,000/- and stamp duty was of Rs. 39,96,050/- was paid
for the said purchase of 20% share of the above-said property; that payments were
made for the same after receipt of money from M/s Saibhakti Impex Pvt. Ltd. as per
say of the accused Ashu Mehra.
A total payment of Rs. 4,49,99,995/- was received on 07.08.2015 from IndusInd Bank
A/c No. 200002348623 of the accused company M/s Saibhakti Impex Pvt. Ltd. into IOB
Account No. 028402000012941 of M/s Heights International vide 7 RTGS transfers on
the same day. These payments are therefore linked with the proceeds of crime. This
was utilized for making payments of the sale consideration on 07.08.2015 itself of
the total amount of Rs. 4,50,00,000/- from IOB account of M/s Heights
International, which included the TDS payments.
However, investigation conducted in this matter has revealed that there were
receipts of several credits on 03.08.2015 and 04.08.2015 in IndusInd Bank A/c No.
200002348623 of M/s Saibhakti Impex Pvt. Ltd. from IOB Account Nos. 028402000012902
of M/s Omkara Worldwide Traders Pvt. Ltd. and 028402000012948 of M/s Keshav
International respectively as per details given below:
Table No. 56
DateTransaction DetailsAmount (In Rs.)03-08-2015RTGS from IOB A/c of Keshav
International163,99,995.0003-08-2015RTGS from IOB A/c of Omkara Worldwide Traders
Pvt. Ltd.153,49,995.0004-08-2015RTGS from IOB A/c of Omkara Worldwide Traders Pvt.
Ltd.85,49,942.0004-08-2015RTGS from IOB A/c of Keshav
International85,49,942.00TOTAL488,49,874.00
For making these payments there were receipt of several Foreign Inward Remittances
in IOB Accounts of M/s Omkara Worldwide Traders Pvt. Ltd. and M/s Keshav
International from M/s Al Dishu Trading FZE.
For making of payments for stamp duties of amounts of Rs. 59,94,100/- and Rs.
39,96,050/- from IOB Account No. 028402000012941 of M/s Heights International on
15.07.2015, there was receipt of one amount of Rs. 1,00,00,000/- from Deutsche Bank
Account of M/s Heights International; that perusal of the Deutsche Bank Account
statement of M/s Heights International reveals that the said account is also in
receipt of proceeds of crime from M/s Vision Procon which have been laundered
through a chain of inter-account transfers.
ii. Payment details in respect of purchase of 25% share of the freehold SCO No. 42,
Sale Deed No. 07.08.2015 in the name of M/s Heights International and another 25%
in the name of myself viz. Sh. Amanpreet Singh Sodhi:
The following funds have been paid from Deutsche Bank Account No. 000011188460028
of M/s Heights International to the sellers:
> On 14.01.2015 � Rs. 1,48,50,000/-;
> On 05.03.2015 � Rs. 1,00,00,000/-;
> On 07.03.2015 � Rs. 1,00,00,000/- and
> On 11.03.2015 � Rs. 2,00,00,000/-;
> For making of payments for stamp duties payments of equal amounts of Rs.
50,00,000/- each (total Rs. 1,00,00,000/-) on 02.03.2015.
Also, TDS of a total amount of Rs. 6,50,000/- (2 payments of Rs. 3,25,000/- each
were made from IOB Account of M/s Heights International) on 02.03.2015.
For making the afore-said payment of Rs. 1,48,50,000/- the said Deutsche Bank
Account No. 000011188460028 of M/s Heights International is in receipt of funds on
09.01.2015 and 10.01.2015 from IOB Account of M/s Heights International and further
the said IOB account of M/s Heights International is in receipt of proceeds of
crime (Refer Table No. 21) already discussed before. That apart from the above, a
total amount of Rs. 4,00,00,000/- has also been made to seller on 05.03.2015,
07.03.2015 and 11.03.2015 for which the Deutsche Bank Account of M/s Heights
International is in receipt of funds of Rs. 3,50,00,000/- (through 4 NEFT
transfers) on 02.03.2015 and Rs. 2,00,00,000/- (through 4 RTGS transfers) on
09.03.2015 from SBI (earlier State Bank of Patiala) A/c No. 65217110302 of M/s
Vision Procon. That further behind the said transfer of a total amount of Rs.
5,50,00,000.00 to Deutsche Bank Account of M/s Heights International, the said SBI
Account of M/s Vision Procon is in receipt through RTGS/NEFT the following funds:
Table No. 57
Sr. No.DateTransaction detailsAmount credited (in Rs.)Source of funds for said
transfer123.02.2015RTGS from IndusInd Bank Account No. 200002348623 of M/s
Saibhakti Impex Pvt. Ltd.
49,99,200.00 Total amount transferred is Rs. 1,99,98,400.00 for which various
credit entries in IndusInd Bank Account No. 200002348623 of M/s Saibhakti Impex P.
Ltd. with there being 3 foreign inward remitances from M/s Besco International FZE,
viz. USD 214946.82 (Rs. 1,33,44,917/-), USD 593396.36 (Rs. 3,68,41,836/-) and USD
96446.82 (Rs. 59,87,568.00) all credited on 20.02.2015, total amount being Rs.
5,61,74,321.00223.02.2015 49,99,500.00 323.02.2015 50,00,000.00 423.02.2015
49,99,700.00 527.02.2015RTGS from IOB Account No. 028402000012948 of M/s Keshav
International 49,99,800.00 Total amount transferred is Rs. 1,98,04,876.00 for
which one Packing Credit transfer of an amount of Rs. 3,15,18,000.00 on 27.02.2015
in IOB Bank Account No. 028402000012948 of M/s Keshav International has been
utilized; that said Packing Credit Account of M/s Keshav International is in
receipt of 2 foreign inward remittances from M/s Besco International FZE, viz. USD
24955 (Rs. 15,39,724/-) and USD 485876.36 (Rs. 2,99,78,571.00) both credited on
27.02.2015, total amount being Rs. 3,15,18,295.00627.02.2015 24,99,843.00
727.02.2015 24,49,400.00 827.02.2015 48,98,890.00 927.02.2015
49,56,943.00 1002.03.2015RTGS from Punjab & Sindh Bank Account No. 03721100001770
of M/s G B Enterprises 200,00,000.00 As per above cell balance of Rs.
1,17,13,419.00 (Rs. 3,15,18,295.00 - Rs. 1,98,04,876.00) remains available in IOB
Acount of M/s Keshav International which is used for sending an amount of Rs.
1,11,63,500.00 on 27.02.2015 to IndusInd Account No. 200002366344 of M/s Best
Exports; that M/s Best Exports send a total amount of Rs. 2,00,97,000.00 (vide 4
RTGS transfers of Rs. 50,00,000/-, Rs. 49,92,000/-, Rs. 49,95,000/- and Rs.
51,00,000/- to Punjab & Sindh Bank A/c No. 03721100001770 of M/s G B Enterprises on
28.02.2015 and from there one RTGS transfer of Rs. 2,00,00,000/- has been made to
SBI (earlier State Bank of Patiala) A/c No. 65217110302 of M/s Vision
Procon.��Total 598,03,276.00 �
Copy of account opening form and bank account statement of Account No.
03721100001770 of M/s G B Enterprises in Punjab & Sind Bank was obtained. A perusal
of the same reveals that the said firm is a partnership firm, having the accused
Gaurav Kirpal as its partner; that the same implies that the accused Gaurav Kirpal
has played a major role in arranging the funds for purchase of the afore-said
property.
Hence, the investigation conducted has revealed that the source of funds with M/s
Vision Procon is out of foreign inward remittances received in Accounts of M/s
Keshav International and M/s Saibhakti Impex Pvt. Ltd., firm / company owned /
controlled by the accused Gaurav Kirpal; that Atul Kumar Garg of M/s Besco
International FZE, UAE has already submitted of having been in receipt of funds
from accused M/s Colour Wave (HK) Ltd. (beneficiary of fraudulent Buyers Credit /
Letter of Credit proceeds) behind effecting the said transfer of funds, implying
thereby that the afore-said transactions are linked with proceeds of crime.
That further 2 payments of Rs. 73,25,000/- and Rs. 21,75,000/- were also made on
16.04.2015 to the seller from Deutsche Bank Account No. 400022471690019 of the
accused Amanpreet Singh Sodhi; that for the same there the said account of accused
Amanpreet Singh Sodhi is in receipt of one transfer on 16.04.2015 of Rs.
1,00,00,000/- from Deutsche Bank Account of M/s Heights International which is in
turn of receipt of Rs. 1,00,00,000/- on 13.04.2015 from State Bank of India
(earlier State Bank of Patiala) A/c No. 65217110302 of M/s Vision Procon. That
further the said A/c No. 65217110302 of M/s Vision Procon is in receipt of funds of
an amount of Rs. 4,50,00,000/- and Rs. 7,00,00,000/- on 04.04.2015 and 07.04.2015
from Kotak Mahindra Bank and Axis Bank accounts of M/s Solaris Chemtech Industries
Ltd. respectively, which are linked with the proceeds of crime, details as
discussed later on.
In this manner, the said property has been acquired completely out of the proceeds
of crime having been laundered through a chain of inter-account transfers and all
the 4 accused Ashu Mehra, Amanpreet Singh Sodhi, Dinesh Kumar and Gaurav Kirpal
have played a definitive role in laundering of the proceeds of crime which have
helped in purchase of the afore-said property.
2) Property situated at House No. 267, Sector 10A, Chandigarh (Area 809.08 Sq.
Yards) in the name of M/s Global Trade Matrix Pvt. Ltd. (Through its Director Brig.
Malkiat Singh Dullat)
This property, measuring 809.09 square yards, was purchased by the company M/s
Global Trade Matrix Pvt. Ltd. (through its Director Brig. (Retd.) Malkiat Singh
Dullat S/o Sh. Bachan Singh Dullat, R/o 1563, Sector 34 D, Chandigarh) from Smt.
Shashi Jain w/o Late Sh. S.P.Jain. Statement dated 19.04.2017 of Brig. (Retd.)
Malkiat Singh Dullat, father-in-law of the accused Ashu Mehra, was also recorded
under Section 50 of the PML Act, 2002 wherein he has inter-alia admitted that in
M/s Global Trade Matrix Pvt. Ltd., he and Dinesh Kumar were directors at the time
of incorporation of the company; that however, he resigned from the company M/s
Global Trade Matrix Pvt. Ltd in 2016 and his son-in-law Ashu Mehra replaced him as
director in that company. He has further admitted to have purchased the property
situated at House No. 267, Sector 10 A, Chandigarh, in M/s Global Trade Matrix Pvt.
Ltd. as its director; that he has also submitted that the same was done as per say
of his son-in-law accused Ashu Mehra for which all the payments / financial
transactions for the said purchase was handled by his son-in-law accused Ashu Mehra
as well as the other director accused Dinesh Kumar.
The details of total consideration and stamp duty paid for the said sale is as
given below:
a) Plot Area = 809.08 Sq. Yards at selling rate (@ Rs. 82,368/- per Sq. Yard) = Rs.
6,66,42,301/-;
b) Covered Area 2500 Sq. Ft. (@ Rs. 759/- per Sq. Ft.): Rs. 18,97,500/-
c) Total Value = Rs. 6,85,39,801/-
d) Total Consideration = Rs. 7,50,00,000/-
e) Non Judicial Stamp Papers = Rs. 37,50,000/-
In this regard, statement dated 04.04.2018 of Mrs. Shashi Jain (seller) recorded
under Section 50 of the PML Act, 2002, has inter-alia stated that:
i. the said property was purchased by she and her husband in their joint name
sometime in 1975 and that she couldnot recall the amount paid by for the purchase;
ii. she sold the said property to one company M/s Global Trade Matrix Pvt. Ltd.,
represented by its Director Brig. (Retd.) Malkiat Singh Dullat S/o Sh. Bachan Singh
Dullat, R/o # 1563, Sector 34D, Chandigarh; that Dullat on his own alongwith his
son-in-law Ashu Mehra had approached her for purchase of the said property; that
the sale consideration amount was fixed at Rs. 7,50,00,000/- and that she insisted
for all payments to be made to her bank account only;
iii. the following payments were made for the purchase of the said property:
Table No. 58
Sr. No.Details of mode of paymentAmount Paid (in Rs.)1Through cash on 10.01.2015
which was given by Brig. (Retd.) M S Dullat at the time of deal 1,00,000/-2Through
RTGS ALLA20150120500087158 dated 20.01.2015 which was credited in her SBI A/c No.
30517889249.35,00,000/-3Through RTGS ALLA201501205000876359 dated 20.01.2015 which
was credited in her SBI A/c No. 30517889249.30,00,000/-4Through RTGS
ALLA201501205000877247 dated 20.01.2015 which was credited in her SBI A/c No.
was credited in her SBI A/c No. 30517889249.30,00,000/-7This payment was made
through Cheque No. 036995 which was credited on 21.01.2015 in her SBI A/c No.
30517889249. This payment is not reflected in the Registry / sale agreement
documents.9,00,000/-8Through RTGS ALLA201501205000878981 dated 22.01.2015 which was
credited in her SBI A/c No. 30517889249.13,40,000/-9Through RTGS
was credited in her SBI A/c No. 30517889249.10,00,000/-11Through RTGS
30517889249. This amount is wrongly mentioned in Registry / sale agreement
documents as Rs. 7,99,400/-7,79,944/-12Through RTGS ALLA2015165000778746 dated
16.02.2015 which was credited in my SBI A/c No. 30517889249. The Registry / Sale
Documents show an additional amount of Rs. 15,00,000/- to have been received by her
through RTGS ALLA2015165000778754 dated 16.02.2015; that she denies having received
the second amount of Rs. 15,00,000/-15,00,000/-13Through RTGS
INDBR22015041600628761 dated 16.04.2015 which was credited in her SBI A/c No.
305178892491,25,00,000/-13Through RTGS INDBR22015041700680281 dated 17.04.2015
which was credited in her SBI A/c No. 305178892491,25,00,000/-14Through RTGS
INDBR22015041800720671 dated 18.04.2015 which was credited in her SBI A/c No.
305178892491,25,00,000/-15Vide Draft No. 044674 dated 25.04.2015 which was credited
in her SBI A/c No. 305178892491,49,50,600/-Total Amount Received (In
Rs.)7,36,30,544/-
she repaid back an amount of Rs. 9,00,000/- on 10.03.2015 vide Cheque No. 324011
from her said SBI Account No. 30517889249 to the firm M/s Vision Procon as per say
of Brig. (Retd.) M S Dullat which was required by them for payment of TDS and some
overhead expenses.
iv. The said sale deed for the sale of the said property was signed on 27.04.2015
between her and Brig. (Retd.) M S Dullat.
v. She had received a cash payment of Rs. 1,00,000/- on 10.01.2015 from Brig.
(Retd.) M S Dullat for purchase of your property situated at House No. 267, Sector
10A, Chandigarh (Area 809.08 Sq. Yards; that she had executed the said deal on
mutual trust and no written document for the said deal was prepared at that time in
January, 2015; that only one Registry / Sale Deed was executed in April, 2015 after
she received most of the agreed payments;
vi. She was informed of the following third party payments made to her by the
purchaser Brig. (Retd.) M S Dullat for purchase of your property situated at H. No.
267, Sector 10A, Chandigarh:
Table No. 59
Sr. No.Details of mode of paymentThird party firm who made the paymentsAmount Paid
(in Rs.)1Through RTGS ALLA20150120500087158 dated 20.01.2015 which was credited in
her SBI A/c No. 30517889249.Payment made through RTGS from Bank Account No.
50024295198 of M/s G.K.Enterprises in Allahabad Bank, Cheema Chowk,
Ludhiana.35,00,000/-2Through RTGS ALLA201501205000876359 dated 20.01.2015 which was
was credited in her SBI A/c No. 30517889249.Payment made through RTGS from Bank
Account No. 50105463527 of M/s Balaji Enterprises in Allahabad Bank, Cheema Chowk,
Ludhiana.30,00,000/-5This payment was made through Cheque No. 036995 to her which
was credited on 21.01.2015 in her SBI A/c No. 30517889249; that the said payment
was not reflected in the Registry / sale agreement documents.Shashi Jain was not
clear about the details of the bank account from which this cheque was issued but
undertook to submit the copy of the said cheque within 10 days.Her reply is still
awaited.9,00,000/-6Through RTGS ALLA201501205000878981 dated 22.01.2015 which was
credited in her SBI A/c No. 30517889249.Payment made through RTGS from Bank Account
No. 50147925289 of M/s Rama Knit Fab in Allahabad Bank, Cheema Chowk,
Ludhiana.13,40,000/-7Through RTGS ALLA2015021300977188 dated 13.02.2015 which was
was credited in her SBI A/c No. 30517889249. This amount is wrongly mentioned in
Registry / sale agreement documents as Rs. 7,99,400/-7,79,944/-10Through RTGS
30517889249. The Registry / Sale Documents show an additional amount of Rs.
15,00,000/- to have been received by her through RTGS ALLA2015165000778754 dated
16.02.2015; that I deny having received the second amount of Rs. 15,00,000/-Payment
made through RTGS from Bank Account No. 50105463527 of M/s Balaji Enterprises in
Allahabad Bank, Cheema Chowk, Ludhiana.15,00,000/-Total Amount Received (In
Rs.)2,10,79,944/-
She was also informed that the company M/s Global Trade Matrix Pvt. Ltd. was
incorporated on 13.02.2015 and that its Bank Account No. 200999956788 was opened in
Sector 35 branch of IndusInd Bank on 27.03.2015. She submitted that the said
payments were done by the buyer of the said property and that she being an old age
lady was only concerned with receiving payments for the sale of her said property
and didnot feel necessary to make any efforts or enquiry about the said third party
payments, date of incorporation of the company M/s Global Trade Matrix Pvt. Ltd. as
well as opening of its Bank Account; that for her the buyer was Brig. (Retd.) M S
Dullat.
vii. She was also informed that one payment of Rs. 15,19,047/- had been made on
01.07.2016 to one �Shashi� from IndusInd Bank Account No. 200999956788 of M/s
Global Trade Matrix Pvt. Ltd. and another payment of Rs. 9,00,000/- was made on
15.01.2015 vide cheque no. 490200 to one �Shashi Jain� from IndusInd Bank Account
No. 259872848167 of M/s Vision Procon; that she submitted that the payment of Rs.
15,19,047/- was received by her later on 01.07.2016 as the company M/s Global Trade
Matrix Pvt. Ltd. had not made her full payments as only an amount of Rs.
7,36,30,544/- had been received at the time of execution of the sale deed /
registry; that she insisted for the full payment of Rs. 7.50 crores and accordingly
the additional payment of Rs. 15,19,047/- was made to her on 01.07.2016 in her SBI
Account No. 30517889249 through cheque no. 413133; that she was not aware at that
time about the receipt of further payment, if any, of an amount of Rs. 9,00,000/-
from M/s Vision Procon; that she would however check her bank account statements in
respect of all my accounts and would revert on the same within 10 days.
viii. She also submitted copies of the TDS Returns as well as Income Tax Returns as
a proof of having paid requisite taxes to Income Tax Department.
ix. She interacted with Ashu Mehra a couple of times during execution of the said
deal; that she couldnot exactly recall the whole sequence of events but could state
that Brig. (Retd.) M S Dullat had informed her that Ashu Mehra is his son-in-law.
To clarify about the source of funds for the purchase of the property situated at
H. No. 267, Sector 10, Chandigarh in the name of the company M/s Global Trade
Matrix Pvt. Ltd., specific enquiry was made from Ashu Mehra during recording of his
statement dated 30.08.2017 under Section 50 of the PML Act, 2002, wherein he has
inter-alia stated that:
i. The following payments were made from M/s Global Trade Matrix Pvt. Ltd. for
purchase of the said property for which the source of payments were as given below:
Table No. 60
Sr. No.Amount Paid (in Rs.)Details of mode of paymentDetails of bank account from
which payment made11,00,000/-Through cash on 10.01.2015 to Ms. Shashi Jain
CASH235,00,000/-Through RTGS ALLA20150120500087158 dated 20.01.2015 to Ms. Shashi
Jain;Regarding these payments he was not aware as to who has made those payments.
As far as he knew these RTGS entries were managed by accused Gaurav Kirpal of M/s
Saibhakti Impex Pvt. Ltd. and Dinesh Kumar, Proprietor of M/s Vision Procon
actively assisted by Sunil Kataria. 330,00,000/-Through RTGS ALLA201501205000876359
dated 20.01.2015 to Ms. Shashi Jain440,60,000/-Through RTGS ALLA201501205000877247
dated 22.01.2015 to Ms. Shashi Jain720,00,000/-Through RTGS dated 13.02.2015 to Ms.
Shashi Jain810,00,000/-Through RTGS dated 13.02.2015 to Ms. Shashi Jain97,99,400/-
Through RTGS dated 13.02.2015 to Ms. Shashi Jain1015,00,000/-Through RTGS
ALLA2015165000778746 dated 16.02.2015 to Ms. Shashi Jain1115,00,000/-Through RTGS
ALLA2015165000778754 dated 16.02.2015 to Ms. Shashi Jain121,25,00,000/-Through RTGS
INDBR22015041600628761 dated 16.04.2015 to Ms. Shashi JainFrom IndusInd Bank
Account of M/s Global Trade Matrix Pvt. Ltd. bearing Account No.
200999956788131,25,00,000/-Through RTGS INDBR22015041700680281 dated 17.04.2015 to
Ms. Shashi JainFrom IndusInd Bank Account of M/s Global Trade Matrix Pvt. Ltd.
bearing Account No. 200999956788141,25,00,000/-Through RTGS INDBR22015041800720671
dated 18.04.2015 to Ms. Shashi JainFrom IndusInd Bank Account of M/s Global Trade
Matrix Pvt. Ltd. bearing Account No. 200999956788151,49,50,600/-Vide Draft No.
044674 dated 25.04.2015 in the name of Ms. Shashi JainDD issued from IndusInd Bank
Account of M/s Global Trade Matrix Pvt. Ltd. bearing Account No.
200999956788167,50,000/-FORM NO. 26 QB 503229106 201516 (TDS FORM FOR PAYMENT) ON
25.04.2015From IndusInd Bank Account of M/s Global Trade Matrix Pvt. Ltd. bearing
Account No. 200999956788Total: Rs. 7,50,00,000/- (Inclusive of TDS of Rs.
7,50,000/-)Non-judicial stamp papers of Rs. 37,50,000/- purchased on 17.04.2015From
IndusInd Bank Account of M/s Global Trade Matrix Pvt. Ltd. bearing Account No.
200999956788Rs. 15,19,047/- made on 01.07.2016 to Shashi payment reasons not clear
From IndusInd Bank Account of M/s Global Trade Matrix Pvt. Ltd. bearing Account No.
200999956788
He has further submitted that as regards the payments made from the Bank Account
No. 200999956788 of M/s Global Trade Matrix Pvt. Ltd. maintained in IndusInd Bank,
the said payments were made after obtaining unsecured loans of an amount of Rs. 17
crores by M/s Global Trade Matrix Pvt. Ltd. from M/s Solaris Chemtech Industries
Ltd. in April, 2015.
ii. he was not Director of M/s Global Trade Matrix Pvt. Ltd. at the time of
purchase of the said property in this company; that however, the said property
situated at House No. 267, Sector 10A, Chandigarh is currently in his possession on
account of him being the Director of this company.
iii. the company M/s Global Trade Matrix Pvt. Ltd. was incorporated on 13.02.2015
with a share capital of Rs. 1,00,000/- divided into 10,000 equity shares of Rs. 10
each; that at the time of incorporation of that company on 13.02.2015, 5000 equity
shares were allotted to his father-in-law Malkiat Singh Dullat and another 5000
equity shares were allotted to Dinesh Kumar, Proprietor of M/s Vision Procon; that
however, the shares of M/s Global Trade Matrix Pvt. Ltd. was transferred in the
Financial Year 2015-16 as per details mentioned below:
1) 4900 equity shares of a nominal value of Rs. 10/- each on 24.03.2016 by my
father-in-law Malkiat Singh Dullat in the name of my firm M/s Mehra & Sons HUF;
2) 100 equity shares of a nominal value of Rs. 10/- each on 24.03.2016 by my
father-in-law Malkiat Singh Dullat in my personal name viz. Ashu Mehra;
3) 5000 equity shares of a nominal value of Rs. 10/- each on 24.03.2016 by Dinesh
Kumar in the name of my firm M/s Mehra & Sons HUF
iv. He had not made any payment from M/s Mehra & Sons HUF and from any bank account
in his personal name, viz. Ashu Mehra, to his father-in-law Malkiat Singh Dullat
and Dinesh Kumar for acquiring the shares of the company M/s Global Trade Matrix
Pvt. Ltd.; that by virtue of the transfer of all the 10,000 equity shares in the
name of M/s Mehra & Sons HUF (having him as karta) and in his personal name, viz.
Ashu Mehra, he became the 100% equity share-holder of the company M/s Global Trade
Matrix Pvt. Ltd. and hence the property situated at House No. 267, Sector 10A,
Chandigarh also came under his control.
v. On being informed that all the other payments, except for the payments made from
the Bank Account No. 200999956788 of M/s Global Trade Matrix Pvt. Ltd. for
acquiring the property situated at House No. 267, Sector 10A, Chandigarh in the
name of the said company, had been found to be made even before opening of Bank
Accounts of M/s Global Trade Matrix Pvt. Ltd. and that further that some of these
payments were found to be made even before the incorporation of the said company on
13.02.2015, he submitted that as far as he could recall now the said property was
initially proposed to be purchased in the name of some firm of Dinesh Kumar; that
all the other payments made for acquiring the property situated at House No. 267,
Sector 10A, Chandigarh, except for the payments made from the said Bank Account No.
200999956788 of M/s Global Trade Matrix Pvt. Ltd., were arranged by Gaurav Kirpal
of M/s Saibhakti Impex Pvt. Ltd. and Dinesh Kumar, Proprietor of M/s Vision Procon
who were further actively assisted in that by Sunil Kataria.
Further investigation was also made to ascertain the reason for grant of unsecured
loan of Rs. 17 crores by M/s Solaris Chemtech Industries Ltd. to M/s Global Trade
Matrix Pvt. Ltd. From the perusal of the Bank Account statement in respect of
Account No. 200999956788 of the company M/s Global Trade Matrix Pvt. Ltd.,
maintained in IndusInd Bank, Sector 35, Chandigarh, it was noticed that the said
account of M/s Global Trade Matrix Pvt. Ltd. was opened in IndusInd Bank on
27.03.2015 and funds of Rs. 17 crores were credited in the said account from the
bank accounts of M/s Solaris Chemtech Industries Ltd. as per details given below:
Table No. 61
Transaction dateTransaction detailsCredit amount (in Rs.)04.04.2015Money
transferred through RTGS from A/C No. 1722560000460 of M/s Solaris Chemtech
Industries maintained in Kotak Mahindra Bank5,50,00,00007.04.2015Money transferred
through NEFT from A/C No. 131010200002 of M/s Solaris Chemtech Industries
maintained in Axis Bank Ltd.8,00,00,00013.04.2015Money transferred through RTGS
from A/C No. 131010200002 of M/s Solaris Chemtech Industries maintained in Axis
Bank Ltd.3,50,00,000Total17,00,00,000
The explanation about the approximate utilization of the afore-said funds,
amounting to Rs. 17 crores, has been tendered by the accused Dinesh Kumar in his
statement dated 10.08.2017 recorded under Section 50 of the PML Act, 2002 wherein
he has inter-alia submitted that the afore-said credits were further utilised for
making payments for purchase of properties, salaries and to the benefit of his firm
M/s Vision Procon, firm of Gaurav Kirpal viz. M/s Best Exports, to M/s Him Agro
Food Corporation, to Amanpreet Singh Sodhi and also to M/s Mehra & Sons for
purchase of property. The utilization of the said amount of Rs. 17,00,00,000/-
(which was obtained by M/s Global Trade Matrix Pvt. Ltd. from M/s Solaris Chemtech
Industries Ltd. in April, 2015) as has been revealed during investigation and
recording of statement dated 10.08.2017 of accused Dinesh Kumar under Section 50 of
the PML Act, 2002 is as given below:
Table No. 62
Transaction dateAmount debited (in Rs.)Transfer made
toRemarks16.04.20151,25,00,000/-RTGS to Shashi JainGiven and utilized for purchase
of property situated at H. No. 267, Sector 10, Chandigarh in name of M/s Global
Trade Matrix Pvt. Ltd.17.04.201537,50,000/-For purchase of non-judicial stamp
papers17.04.20151,25,00,000/-RTGS to Shashi Jain18.04.20151,25,00,000/-RTGS to
Shashi Jain25.04.20157,50,000/-For payment of TDS25.04.20151,49,50,600/-DD issued
to Shashi Jain
That M/s Global Trade Matrix Pvt. Ltd. has made balance payments, amounting to Rs.
5,69,50,600/- (Rs. 5,24,50,600/- on account of payment for the property, Rs.
7,50,000/- for TDS and Rs. 37,50,000/- for stamp duty) for purchase of property
situated at House No. 267, Sector 10A, Chandigarh in the name of M/s Global Trade
Matrix Pvt. Ltd.
Investigation was also made from M/s Solaris Chemtech Industries Ltd. during which
it was revealed that the following transfer of money was made from Bank Accounts of
M/s Solaris Chemtech Industries Ltd. maintained in Kotak Mahindra Bank and Axis
Bank:
A. Transfers to Bank A/c No. 200999956788 of M/s Global Trade Matrix Pvt. Ltd.
maintained in IndusInd Bank, Sector 35, Chandigarh from Bank Account of M/s Solaris
Chemtech Industries Ltd.
Table No. 63
Transaction dateTransaction ParticularsCredit amount (in Rs.)04.04.2015Money
Industries Ltd. maintained in Kotak Mahindra Bank 5,50,00,00007.04.2015Money
transferred through NEFT from A/C No. 131010200002165 of M/s Solaris Chemtech
Industries Ltd. maintained in Axis Bank Ltd.8,00,00,00013.04.2015Money transferred
through RTGS from A/C No. 131010200002165 of M/s Solaris Chemtech Industries Ltd.
maintained in Axis Bank Ltd.3,50,00,000Total17,00,00,000
B. Transfers to Bank A/c No. 65217110302 of M/s Vision Procon in SBI, (earlier
State Bank of Patiala, Ludhiana) from Bank Account of M/s Solaris Chemtech
Industries Ltd.
Table No. 64
Transaction dateTransaction ParticularsCredit amount (in Rs.)04.04.2015Money
Industries Ltd. maintained in Kotak Mahindra Bank4,50,00,000/-07.04.2015Money
transferred through NEFT from A/C No. 131010200002165 of M/s Solaris Chemtech
Industries Ltd. maintained in Axis Bank7,00,00,000/-13.04.2015Money transferred
through RTGS from A/C No. 131010200002165 of M/s Solaris Chemtech Industries Ltd.
maintained in Axis Bank3,00,00,000/-21.04.2015Money transferred through RTGS from
A/C No. 131010200002165 of M/s Solaris Chemtech Industries Ltd. maintained in Axis
Bank80,00,000/-Total15,30,00,000
During investigations, summons was also issued to M/s Solaris Chemtech Industries
Ltd. However, M/s Solaris Chemtech Industries Ltd. replied that their Ex-CFO Late
Kaushik Mitra was in the know how of the said deal and had since expired.
Thereafter, on issuance of summons, Atul Mehrotra, Employee of M/s Solaris
Chemtech Industries Ltd. and Rupesh Kumar Mishra, Ex-CFO of M/s Solaris Chemtech
Industries Ltd. joined the investigations. Statement dated 13.09.2017 of Sh. Atul
Mehrotra, Senior Manager, M/s Solaris Chemtech Industries Ltd., First India Place,
Tower C, Mehrauli Gurgaon Road, Haryana � 122002 was recorded u/s 50(2) and (3) of
the PMLA 2002, from which the following facts emerged:
i. M/s Mirabelle Trading Pte Ltd. is a Singapore based company (also a group
company of M/s Solaris Chemtech Industries Ltd.) and also facilitates their company
M/s Solaris Chemtech Industries Ltd. into import of coal and export of sub-standard
salt and other industrial chemicals (into India);
ii. M/s Solaris Chemtech Industries Ltd. had transferred an amount of Rs. 17 crores
to the company M/s Global Trade Matrix Pvt. Ltd. and Rs. 15.30 crores to the firm
M/s Vision Procon in April, 2015; that the directions for the said transfer of
money was given to the Accounts department of their company by Late Kaushik Mitra,
Ex-CFO of M/s Solaris Chemtech Industries Ltd. (having financial powers on behalf
of the company) as a trade advance; that however, even after repeated enquiries by
the Accounts Department, Late Kaushik Mitra didnot inform him about the trade
which had to be done by M/s Solaris Chemtech Industries Ltd. with M/s Global Trade
Matrix Pvt. Ltd. & M/s Vision Procon; that even no documents were given to the
Accounts department with regard to any business agreement for the same and Late
Kaushik Mitra told that the same was his responsibility;
iii. he was interacting with Sunil Kataria for the said transfer of money who
acted as a broker on behalf of M/s Global Trade Matrix Pvt. Ltd. and M/s Vision
Procon in the said deal; that he never interacted with Dinesh Kumar and Ashu
Mehra for the same;
iv. 4 Purchase Orders (bearing nos. SCR/2015/101 dated 25.02.2015, SCR/2015/102

dated 28.02.2015, SCR/2015/103 dated 01.03.2015 and SCR/2015/104 dated 03.03.2015)
had been issued by M/s Colour Wave HK Limited to M/s Mirabelle Trading Pte Ltd. for
purchase of Nickel Ingots and Shredded Scrap; that further, 4 Proforma Invoices
(bearing nos. CT/001/15, CT/002/15, CT/003/15 and CT/004/15 all dated 26.03.2015)
had been also issued, corresponding to the afore-said 4 Purchase Orders by M/s
Mirabelle Trading Pte Ltd., Singapore to M/s Colour Wave HK Limited, Hong Kong
wherein the terms of payment was 100% by Advance; that the said documents (Proforma
Invoices) were sent through email dated 26.03.2015 10:28 AM by Mrs. Deepa Nanda of
M/s Mirabelle Trading Pte Ltd.;
v. an amount of USD 4999892.71 (equivalent to Rs. 31,11,05,824.15/-) was received

on 31.03.2015 in Bank Account No. 01722560000460 of M/s Solaris Chemtech Industries
Ltd. maintained in Kotak Mahindra Bank, Kasturba Gandhi Marg, New Delhi � 110001
from M/s Mirabelle Trading Pte Ltd. for which he submitted a copy of the Remittance
Transaction Advice alongwith the copy of Foreign Inward Remittance Advice, both
dated 31.03.2015 as has been received from their AD bank, viz. Kotak Mahindra Bank,
Kasturba Gandhi Marg, New Delhi � 110001;
vi. the purpose of the said remittance was Refunds / Rebates on account of imports;
that their company M/s Solaris Chemtech Industries Ltd. had sent an advance foreign
remittance on 04.04.2012 of an amount of USD 5000000 (USD 5 Million only) in April,
2012 to their group company M/s Mirabelle Trading Pte Ltd., Singapore for import of
Rock Phospate (H.S. Code No. 251020) and as per the contract dated 03.04.2012
between M/s Solaris Chemtech Industries Ltd. and M/s Mirabelle Trading Pte Ltd.,
the company M/s Mirabelle Trading Pte Ltd. had to export around 40000 MT of Rock
Phosphate within 6 months of receipt of the afore-said advance; that however, the
said import could not be materialized and the said business advance of USD 5000000
remained standing in the book of accounts of their company for the next 3 years
(approx.); that hence, upon receipt of the funds amounting to USD 4999892.71 on
31.03.2015 in Bank Account No. 01722560000460 of M/s Solaris Chemtech Industries
Ltd., they requested their AD bank viz. Kotak Mahindra Bank, Kasturba Gandhi Marg,
New Delhi � 110001, to net off the payments of USD 5000000 sent in April, 2012 with
the USD 4999892.71 received on 31.03.2015 from M/s Mirabelle Trading Pte Ltd.;
vii. the entire transaction as had been submitted were done by Late Kaushik Mitra,
Ex-CFO of Solaris Chemtech Industries Ltd. and he only worked on his directions.
Statement dated 13.09.2017 of Sh. Rupesh Kumar Mishra, M/s Solaris Chemtech
Industries Ltd., First India Place, Tower C, Mehrauli Gurgaon Road, Haryana �
122002 was recorded u/s 50(2) and (3) of the PMLA 2002, from which the following
facts emerged
i. on being asked to state his work profile in M/s Solaris Chemtech Industries
Ltd., he stated that he was looking after the overall finance, accounts, taxation
and banking affairs of the company in the capacity of CFO of the company;
ii. on being asked to state the business profile of M/s Solaris Chemtech Industries
Ltd. and its present turnover, he stated that M/s Solaris Chemtech Industries Ltd.
is engaged in manufacturing of bromine (industrial) chemicals; that the company�s
present turnover (annual) is approx. INR 162 crores; that it imports coal, rock
phosphate and exports bromine & its derivatives;
iii. on being asked whether he was aware about the business relations of M/s
Solaris Chemtech Industries Ltd. with M/s Mirabelle Trading Pte Ltd. (based in
Singapore) and to furnish its details, he stated that M/s Mirabelle Trading Pte
Ltd. is a Singapore based company and is an associate company of M/s Solaris
Chemtech Industries Ltd.; that M/s Mirabelle Trading Pte Ltd. facilitates their
company M/s Solaris Chemtech Industries Ltd. with few import and export of
materials;
iv. on being asked to state whether he was aware about the money transferred /
advanced by M/s Solaris Chemtech Industries Ltd. as unsecured loans / business
advance to M/s Global Trade Matrix Pvt. Ltd. and M/s Vision Procon and the reasons
for the same and to furnish the details of the same, he stated that their company
M/s Solaris Chemtech Industries Ltd. had transferred an amount of Rs. 17 crores to
the company M/s Global Trade Matrix Pvt. Ltd. and Rs. 15.30 crores to the firm M/s
Vision Procon in the April, 2015; that as per book of accounts of his company, this
amount was a trade advance to M/s Global Trade Matrix Pvt. Ltd. and M/s Vision
Procon; that however, no documents are available with regard to any business
agreement for the same and Late Kaushik Mitra didnot submit any such documents
with the company for the same;
v. on being asked to state whether his company was aware about the receipt of any
funds by M/s Mirabelle Trading PTE Ltd. from M/s Colour Wave (HK) Ltd. and to
furnish the details of the same, he stated that their company is not aware about
the same till date as per official records of the company made available to him;
vi. on being asked to state whether he was aware about any transfer of money from
M/s Mirabelle Trading Pte Ltd., Singapore to M/s Solaris Chemtech Industries Ltd.
in March / April, 2015 and to submit the details of the said transaction alongwith
the purpose of the said transfer, he stated that they received amount equivalent to
USD 4999892.71 (equivalent to Rs. 31,11,05,824.15/-) during the said period in
their Kotak Mahindra Bank, Kasturba Gandhi Marg, New Delhi � 110001; that the
documents and bank account statement in support of the same has been furnished
earlier;
vii. on being asked to state whether their company M/s Solaris Chemtech Industries
Ltd. ever interacted with Amanpreet Singh Sodhi, Director of M/s Colour Wave HK
Ltd., Hong Kong, he stated that as per records available with him, their company
has not interacted with him;
viii. on being asked to give the exact details / break-up of the amount of Rs.
32.30 crores transferred by M/s Solaris Chemtech Industries Ltd. to M/s Global
Trade Matrix Pvt. Ltd. and M/s Vision Procon, he stated that the full details
break-up are given as per details submitted by Atul Mehrotra; that also the same
had been submitted bank / transaction wise in our earlier submissions;
ix. on being asked to state whether he was aware about any firm by the name of M/s
N Soul Entertainment in the name of Late Kaushik Mitra, Ex-CFO of M/s Solaris
Chemtech Industries Ltd. and receipt of funds of an amount of Rs. 79,90,000/- in
May, 2015 by M/s N Soul Entertainment from the company M/s Global Trade Matrix Pvt.
Ltd., he stated that he was not aware about the same; that neither is any such
information with other employees as per their knowledge;
x. as already submitted in our responses, dealing with M/s Global Trade Matrix Pvt.
Ltd. and M/s Vision Procon and persons associated with these entities was primarily
managed solely by Kaushik Mitra, ex-CFO.
Also during recording of voluntary statement of Sunil Kataria on 16.06.2017 and

Amanpreet Singh Sodhi on 19.06.2017 under the provisions of PMLA, 2002, it was
revealed that at the instance of the accused Ashu Mehra, M/s Colour Wave (HK)
Ltd., Hong Kong had issued the following 4 Proforma Invoices to one M/s Mirabelle
Trading Pte Ltd., Singapore:
Table No. 65
No. & Date. Details of Export GoodsInvoice Amount (In USD)CT/001/15/26.03.1557 MT
Nickel ingots and 50HT of shredded scrap1280553.83CT/001/15/26.03.1568 MT Nickel
ingots & 1184 HT of shredded scrap1550832.92CT/001/15/26.03.1546 MT Nickel ingots &
445 HT of shredded scrap886427.74CT/001/15/26.03.1560 MT Nickel ingots & 885 HT of
shredded scrap1295396.4Total Amount (In USD) 5013210.89
That Amanpreet Singh Sodhi has also agreed in his voluntary statement dated
19.06.2017 recorded under Section 50 of the PML Act, 2002 to have made payment of
USD 5013210.89 (which works out to Rs. 31,58,32,286/- by taking Dollar Rate of Rs.
63/-) to the Bank A/c of M/s Mirabelle Trading Pte Ltd. in Singapore from his Bank
A/c No. 848621256838 of M/s Colour Wave HK Ltd. maintained in HSBC Bank, Hong Kong.
He has also admitted that this money was transferred to M/s Mirabelle Trading Pte
Ltd. from M/s Colour Wave HK Ltd. on directions of Ashu Mehra, Ex-Manager of
Indian Overseas Bank, Sector-7 Chandigarh; that no goods were actually shipped by
M/s Mirabelle Trading Pte Ltd. to M/s Colour Wave (HK) Ltd. corresponding to the
afore-said 4 Proforma Invoices; that hence, no other export documents were
available with him. As money was transferred from the HSBC Bank Account of M/s
Colour Wave (HK) Ltd. in Hong Kong to Standard Chartered Bank Account of M/s
Mirabelle Trading Pte Ltd. in Singapore (as admitted by Amanpreet Singh Sodhi) for
no apparent trade, hence it appeared a ploy on the part of Amanpreet Singh Sodhi,
Ashu Mehra and Dinesh Kumar to bring in the proceeds of crime into India by
routing it through the Gurgaon based companies M/s Solaris Chemtech Industries Ltd.
and their Singapore based group company M/s Mirabelle Trading Pte Ltd. for
acquiring properties in M/s Global Trade Matrix Pvt. Ltd. and M/s Mehra & Sons
(HUF).
In this case as the amount of USD 4999892.71 (equivalent to Rs. 31,11,05,824.15/-)

was received on 31.03.2015 in Bank Account No. 01722560000460 of M/s Solaris
Chemtech Industries Ltd. from M/s Mirabelle Trading Pte Ltd., Singapore in an
illegal manner just to net-off the payments of an amount of USD 5000000 (USD 5
Million only) sent by the said company in April, 2012 to their group company M/s
Mirabelle Trading Pte Ltd., Singapore for import of Rock Phospate (H.S. Code No.
251020). The AD bank, Kotak Mahindra Bank has allowed the netting off which should
not have been allowed in view of the fact that instead of repatriation of legal
funds, in actual the proceeds of crime have been laundered which have been used for
netting off the funds. Further, during investigation it has been found that the
source of funds with M/s Mirabelle Trading Pte Ltd., Singapore for making the said
transfer to M/s Solaris Chemtech Industries Ltd. is the receipt of funds of USD
5013210.89 (which works out to Rs. 31,58,32,286/- by taking Dollar Rate of Rs.
63/-) in the Bank A/c of M/s Mirabelle Trading Pte Ltd. in Singapore from Bank A/c
No. 848621256838 of the accused company M/s Colour Wave HK Ltd. maintained in HSBC
Bank, Hong Kong which is connected with the proceeds of crime.
Hence, the source of funds for acquiring the said property has been found to be out
of third party payments as well as out of funds received from M/s Colour Wave (HK)
Ltd. by routing of the same from the said Hong Kong based company to M/s Mirabelle
Trading Pte Ltd., Singapore and from this Singapore based company to M/s Solaris
Chemtech Industries Ltd. and from there the said funds were finally credited into
the IndusInd Bank Account of M/s Global Trade Matrix Pvt. Ltd. That the said third
party payments were effected from bank accounts of M/s G.K Enterprises, M/s Balaji
Enterprises and M/s Rama Knit Fab. M/s G.K Enterprises, M/s Balaji Enterprises and
M/s Rama Knit Fab are having bank accounts maintained in Allahabad Bank, Cheema
Chowk, Ludhiana, having A/c Nos. 50024295198, 50105463527 and 50147925289
respectively.
3) Property situated at H. No. 3348, Sector-35 D, Chandigarh in the name of Mehra &
Sons (HUF):
The said property, built up on an area of 253.5 sq. yards, was purchased for sale
consideration of Rs. 2,08,00,000/- and Stamp Duty (@ 5%) = Rs. 10,40,000/-. E-stamp
papers were purchased from Canara Bank, Sector 17, UT, Chandigarh vide Certificate
No. INCH03836125 dated 01.06.2016.
Payment details in respect of the above-said property: The following payments were
made for the purchase of the said property:
Table No. 66
Sr. No.Payments made Source of money1Rs. 20,00,000/- paid vide RTGS dated
26.04.2016 (amount debited on 27.04.2016) from Bank Account No. 1462000100117301 of
M/s Mehra and Sons HUF maintained in Karnataka Bank, Sector 22C, Chandigarh to Yes
Bank A/C No. 001590700005621 of Kirpal SinghOn 22.03.2016, RTGS of an amount of
Rs. 25,00,000/- was made from Bank Account No. 200999956788 of M/s Global Trade
Matrix Pvt. Ltd. maintained in IndusInd Bank, Sector 35, Chandigarh to the Bank
Account No. 1462000100117301 of M/s Mehra and Sons HUF maintained in Karnataka
Bank, Sector 22C, Chandigarh; that this entry was utilised by M/s Mehra and Sons
(HUF) for payment through RTGS of an amount of Rs. 20,00,000/- to Kirpal Singh,
seller for property situated at H. No. 3348, Sector-35 D, Chandigarh. (Rs.
5,00,000/- remained pending which was further utilised for making subsequent
payments for purchase of this property)2Rs. 40,00,000/- was paid vide RTGS dated
20.05.2016 (amount debited on 21.05.2016) from Bank Account No. 1462000100117301 of
M/s Mehra and Sons HUF maintained in Karnataka Bank, Sector 22C, Chandigarh to Yes
Bank A/C No. 001590700005621 of Kirpal SinghOn 20.05.2016 NEFT of an amount of Rs.
40,00,000/- was made from Bank Account No. 200999956788 of M/s Global Trade Matrix
Pvt. Ltd. maintained in IndusInd Bank, Sector 35, Chandigarh to the Bank Account
No. 1462000100117301 of M/s Mehra and Sons HUF maintained in Karnataka Bank, Sector
22C, Chandigarh; that this entry was utilised by M/s Mehra and Sons (HUF) for
payment through RTGS of an amount of Rs. 40,00,000/- to Kirpal Singh, seller for
property situated at H. No. 3348, Sector-35 D, ChandigarhThe above-said amounts
were paid on account of Advance payments.3Rs. 1,00,00,000/- was paid vide RTGS
dated 01.06.2016 from Bank Account No. 1462000100117301 of M/s Mehra and Sons HUF
maintained in Karnataka Bank, Sector 22C, Chandigarh to Yes Bank A/C No.
001590700005621 of Kirpal Singh1) On 31.05.2016, cash amount of Rs. 9,00,000/- was
deposited in Bank Account No. 1462000100117301 of M/s Mehra and Sons HUF maintained
in Karnataka Bank, Sector 22C, Chandigarh.
2) On 31.05.2016, an amount of Rs. 5,00,000/- was transferred from Bank Account No.
1462500101103401 of M/s Dinesh Kumar & Sons HUF maintained in Karnataka Bank,
Sector 22C, Chandigarh to the Bank Account No. 1462000100117301 of M/s Mehra and
Sons HUF maintained in Karnataka Bank, Sector 22C, Chandigarh; that for this
transfer also Ashu Mehra had handed Dinesh an amount of Rs. 5,00,000/- in cash and
had asked him to transfer this amount to the Bank Account of M/s Mehra & Sons HUF
after depositing the said cash in his (Dinesh�s) Bank Account which he did as per
his (Ashu�s) instructions;
3) On 31.05.2016 an amount of Rs. 15,00,000/- was transferred from Bank Account No.
1462000100116401 of M/s Vision Procon maintained in Karnataka Bank, Sector 22C,
Chandigarh to said Bank Account of M/s Mehra & Sons HUF for which the source of
money in M/s Vision Procon which was on account of the said amount of Rs.
15,00,000/- from M/s Navodaya Infrastructure Nirman Pvt. Ltd. to M/s Vision Procon;
4) On 31.05.2016, further transfer of amount of Rs. 9,00,000/- vide cheque No.
569232 on 31.05.2016 was made from Current Account No. 1462000100117401 of M/s
Dinesh Kumar & Sons HUF maintained in Karnataka Bank, Sector 22C, Chandigarh to the
said Bank Account of M/s Mehra & Sons HUF; that the same was preceeded by deposit
of Rs. 9,00,000/- in cash on 31.05.2016 (cash given to Dinesh Kumar by Ashu Mehra)
in Current Account No. 1462000100117401 of M/s Dinesh Kumar & Sons HUF maintained
in Karnataka Bank, Sector 22C, Chandigarh and its further transfer to bank account
of M/s Mehra and Sons HUF;
1462000100115701 of M/s Trade Hub India Private Limited (under signatures of Dinesh
Kumar) maintained in Karnataka Bank, Sector 22C, Chandigarh; that for this transfer
also Ashu Mehra had handed him amount of Rs. 9,50,000/- in cash and had asked him
to transfer this amount to the Bank Account of M/s Mehra & Sons HUF after
depositing the said cash in above-said Bank Account of M/s Trade Hub India Private
Limited which he (Dinesh) did as per his (Ashu�s) instructions.
1462500101158101 of Ashu Mehra to Bank Account No. 1462000100117301 of M/s Mehra
and Sons HUF, both maintained in Karnataka Bank, Sector 22C, Chandigarh. This was
however preceeded by deposit of a cash amount of Rs. 4,50,000/- in above-said Bank
Account No. 1462500101158101 of Ashu Mehra.
7) On 01.06.2016, an amount of Rs. 17,00,000/- was transferred from Bank Account
No. 259872848167 of M/s Vision Procon (under his signatures) maintained in IndusInd
Bank, Sector 35, Chandigarh; that for this entry into Bank Account of M/s Mehra &
Sons HUF, transfers of amounts of Rs. 9,00,000/-, Rs. 10,00,000/- and Rs.
2,00,000/- was received from Bank Accounts of Amanpreet Singh Sodhi, Sunil
Kataria and M/s Wealth Creators Financial (of Dixit Sood) respectively in Bank
Account No. 259872848167 of M/s Vision Procon maintained in IndusInd Bank, Sector
35, Chandigarh; that these persons had also made these transfers in afore-said Bank
Account No. 259872848167 of M/s Vision Procon on instructions of Ashu Mehra;
8) On 01.06.2016, an amount of Rs. 25,00,000/- was transferred through RTGS from
ICICI Current Bank Account No. 134105500453 of M/s Prithvi Infradevelopers Pvt.
Ltd. to the Bank Account No. 1462000100117301 of M/s Mehra and Sons HUF maintained
in Karnataka Bank, Sector 22C, Chandigarh; that for providing the said entry, Rs.
25,00,000/- was provided in cash by Ashu Mehra and he got deposited the same
through an employee of M/s Prithvi Infradevelopers Pvt. Ltd. into the ICICI Bank
Account of No. 134105500453 of M/s Prithvi Infradevelopers Pvt. Ltd.;
9) On 01.06.2016, an amount of Rs. 9,50,000/- was transferred through RTGS from
Bank Account of M/s Dream Height Homes Pvt. Ltd. to the Bank Account No.
1462000100117301 of M/s Mehra and Sons HUF maintained in Karnataka Bank, Sector
22C, Chandigarh;
10) On 01.06.2016 an amount of Rs. 45,00,000/- was transferred through RTGS from
Bank Account No. 65217110302 of M/s Vision Procon (in erstwhile State Bank of
Patiala, now SBI) to said Bank Account of M/s Mehra & Sons HUF for which the source
of money in M/s Vision Procon would be explained by him in one week.
(Total amount in respect of above-said transactions is Rs. 1,48,50,000/- out of
which Rs. 1,45,92,000/- was paid to Kirpal Singh for purchase of the said
property.)4Demand Draft No. 995649 of an amount of Rs. 45,92,000/- was made in
favour of Kirpal Singh on 01.06.2016 from Bank Account No. 1462000100117301 of M/s
Mehra and Sons HUF maintained in Karnataka Bank, Sector 22C, Chandigarh.Total
amount paid to Kirpal Singh is Rs. 2,05,92,000/-TDS Deduction: Rs. 2,08,000/- vide
Challan No. 5848 dated 31.05.2016This payment was made by debiting IOB A/c No.
028402000012935 of M/s Vision Procon on 31.05.2016Stamp duty paid is Rs.
10,40,000/- which was paid @ 5% of the consideration amount of Rs. 2,08,00,000/-
Payment of stamp duty was made vide debit through RTGS of an amount of Rs.
10,40,000/- on 31.05.2016 from Bank Account No. 1462000100117301 of M/s Mehra and
Sons HUF maintained in Karnataka Bank, Sector 22C, Chandigarh.
Ashu Mehra was also enquired about the source of funds with him for the purchase of
the said property situated at H. No. 3348, Sector 35D, Chandigarh in his said firm
M/s Mehra & Sons (HUF). In this regard, statement dated 15.06.2017 of Ashu Mehra
was recorded under Section 50 of the PML Act, 2002 wherein he has inter-alia
submitted the details of the payments made and also stated that:
i. M/s Mehra and Sons (HUF) had obtained unsecured loans of an approximate amount
of Rs. 2.50 crores (exact amount he couldnot recall); that the following debits
from aforesaid bank A/c of M/s Global Trade Matrix Pvt. Ltd. to M/s Mehra & Sons
(HUF) was on account of the said unsecured loans:
Table No. 67
Sr. No.DateAmount transferred (in Rs.)115.04.201575,00,000/-210.06.201521,75,500/-
331.07.201560,00,000/-422.03.201625,00,000/-509.05.201613,00,000/-
620.05.201640,00,000/-Total2,34,75,500/-
ii. using the above said unsecured loan M/s Mehra & Sons (HUF) purchased the
property viz. House No. 3348, Sector 35 D, Chandigarh for an approx. amount of Rs.
2.08 crores (stamp duty of Rs. 10,40,000/-.
That further accused Ashu Mehra has submitted that most of the funds for payments
to be made on account of purchase of the property situated at H. No. 3348, Sector
35D, Chandigarh was arranged by Dinesh Kumar, Proprietor of M/s Vision Procon who
was guided for the same by Sunil Kataria. M/s Mehra and Sons (HUF) may be
considered to have obtained a friendly unsecured loan from Dinesh Kumar; that
however no agreement was signed for the same.
It can be seen that even the TDS payment has been made in this case from IOB
Account of M/s Vision Procon. The same indicates that indeed accused Dinesh Kumar,
Proprietor of M/s Vision Procon was working for the accused ashu Mehra.
Further, statement dated 22.08.2017 of Sh. Ashu Mehra, karta of M/s Mehra & Sons
HUF was recorded under Section 50 of the PML Act, 2002 wherein he has inter-alia
admitted of having received an amount of Rs. 25,00,000/- on 01.06.2016 in Account
No. 1462000100117301 of M/s Mehra and Sons HUF (maintained in Karnataka Bank,
Sector 22C, Chandigarh) through RTGS from M/s Prithvi Infra Developers Pvt. Ltd.
and further that the said entry of Rs. 25,00,000/- was utilised by him for making
payments to one Kirpal Singh (seller) for purchase of property situated at H. No.
3348, Sector 35D, Chandigarh in the name of M/s Mehra & Sons (HUF). In his this
statement, the accused Ashu Mehra has also explained the other source of funds for
purchase of the said property and the same are linked with the proceeds of crime.
Dinesh Kumar has also admitted to having remitted funds from his bank account for
the said purpose in his statement dated 05.07.2017 recorded under Section 50 of the
PML Act, 2002; that he has further elaborated on the role played by him which
helped the accused Ashu Mehra to purchase the property situated at H. No. 3348,
Sector-35 D, Chandigarh in M/s Mehra & Sons HUF.
4) Property situated at H. No. 3086/1, Sector 47-D, Chandigarh in the name of

Dinesh Kumar:
One statement dated 26.02.2018 of Dinesh Kumar, Proprietor of M/s Vision Procon,
was recorded under Section 50 of the PML Act, 2002 to ascertain the source of funds
with him for the purchase of the property situated at H. No. 3086/1, Sector 47-D,
Chandigarh wherein he inter-alia stated that:
i. the said property was purchased in the year 2002 for a cost of Rs. 6,00,000/-;
that for the purchase of the said property, an amount of Rs. 1,00,000/- was
withdrawn in cash from the Bank Account No. 0575000100086734 (Account in PNB,
Sector 16, Chandigarh) of his father Lahori Lal and was thereafter paid to the
seller; that I am also submitting copy of the relevant passbook which shows a
withdrawal of an amount of Rs. 2,10,000/- on 08.01.2003 which was utilized for the
said payment;
ii. the source of funds with his father was out of money received after retirement
from Chandigarh Police;
iii. for the balance amount of Rs. 5,00,000/-, he took a loan from IDBI Bank; that
his Housing Loan Account No. is 812675100006132 in IDBI Bank, Sector 8C, Madhya
Marg, Chandigarh; that the EMIs were paid by him out of his personal savings and
that he had been regularly filing his Income Tax Returns;
iv. he submitted self-attested copies of the following documents pertaining to his

said property as well as loan documents:
1) Sale Agreement dated 08th of January, 2003 between Sh. Sanjeev Gulati s/o Late
Sh. M.L.Gulati and him vide which Rs. 5,00,000/- was paid as full and final payment
by me vide Cheque No. 076123 dated 08.01.2013 from my Bank Account in Punjab & Sind
Bank, Sector 34A, Chandigarh;
2) Letter dated 27.03.2003 issued by Chandigarh Housing Board vide which said
dwelling unit was allotted in his name;
3) Sanction letter dated 31.12.2002 vide which loan of Rs. 5,00,000/- was granted
to him;
4) Permission to mortgage issued by Chandigarh Housing Board to IDBI Bank Ltd.
v. He would check and submit the copies of his IT Returns for the said period to
substantiate the source of income with him; that the said documents would be
submitted within one week.
During the course of investigation bank account statement pertaining to Housing

Loan Account No. 812675100006132 was obtained from IDBI, Sector 8, Chandigarh which
revealed that the accused Dinesh Kumar had been sanctioned loan vide letter File
No. NW/CHD-1202/889 dated 31.12.2002 a loan of an amount of Rs. 5,00,000/- for the
purchase of the said property, viz. H. No. 3086, Sector 47 � D, Chandigarh. It was
also found that the acused Dinesh Kumar had obtained Loan Against Property (LAP)
bearing A/c No. 143675100000462 of an amount of Rs. 3,50,000/- on the afore-said
property in the year 2008 from the same IDBI bank branch. Further, perusal of the
bank account statement pertaining to Loan A/c No. 812675100006132 and LAP A/c No.
143675100000462 reveals that for making the re-payments to the 2 loans, there were
credits in the said 2 loan accounts from Savings Bank Account No. 003104000073608
of Dinesh Kumar in IDBI Bank; that further there were also cash deposits in said
Account No. 003104000073608 which were utilized for making re-payments of home
loan. Apart from the above, the accused Dinesh Kumar opted for fore-closure of the
said 2 Loan Accounts on 11.07.2016 for which credit of Rs. 1,51,000/- was made in
Loan A/c No. 812675100006132 and Rs. 2,70,000/- in LAP A/c No. 143675100000462 from
IDBI Bank Account No. 003104000073608 of Dinesh Kumar; that for the said purpose
there was one credit on 11.07.2016 of an amount of Rs. 4,50,000/- in said Bank
Account No. 003104000073608 of Dinesh Kumar in IDBI Bank from IndusInd Bank Account
No. 259872848167 of M/s Vision Procon.
The afore-said fact has been also reiterated by Dinesh Kumar, Proprietor of M/s
Vision Procon, in his statement dated 02.07.2018 recorded under Section 50 of the
PML Act, 2002 wherein he also admitted that the amount of Rs. 4,50,000/- was not
out of his personal sources and further that an amount of Rs. 73,82,000/- was
credited in IndusInd A/c of M/s Vision Procon from UCO Bank A/c of M/s Mekaster
Engineering Limited for which funds were arranged by Ashu Mehra and that M/s Vision
Procon had no business dealing with M/s Mekaster Engineering Limited.
The investigation conducted in this case has clearly revealed that M/s Mekaster
Engineering Limited had received funds from the accused Amanpreet Singh Sodhi, as
per say of Ashu Mehra, for the purpose of import and installation of Vapour
Recovery Units at various HPCL depots; that however while receiving payments from
HPCL, these funds were returned to the accused Amanpreet Singh Sodhi by crediting
accounts of M/s Heights International and M/s Vision Procon also.
From the above, it is apparent that the accused Dinesh Kumar couldnot fully justify
the source of funds available with him for making the re-payments to his Loan
Account for the purchase of the said property. That further Dinesh Kumar is also an
accused in the FIR registered by the CBI and further his proprietorship firm M/s
Vision Procon is also in receipt of proceeds of crime through a chain of inter-
account transactions.
5) Property situated at Flat No. 109, Ground Floor, Cooperative Housing Complex,
Sector 79, Mohali in the name of accused M S Dullat:
The property documents obtained during investigation revealed the following
payments made for acquiring the said property.
i. Rs. 85,750/- was paid vide DD / Banker�s Cheque No. 134748 dated 21.02.2004
issued by ICICI Bank, Sector 9, Chandigarh as initial deposit for application in
order to be eligible for draw of lots for allotment of flat.
ii. One amount of Rs. 1,71,500/- was paid to Housefed, Punjab vide Banker�s Cheque
No. 127602 dated 29.04.2004 issued by ICICI Bank, Sector 9, Chandigarh. Vide letter
dated 29.04.2004 addressed to Superintending Engineer, Housefed, the Punjab State
Federation of Coop House Building Societies Ltd., SCO No. 150-151-152, Sector 34A,
Chandigarh and written by Brig. (Retd.) M.S.Dullat, it was informed that the said
payment was on account of registration money.
iii. Payment of amounts, viz. Rs. 96,468.75/- vide DD No. 144814 dated 29.06.2004
and Rs. 96,468.75/- vide DD No. 142405 dated 29.09.2004 also made.
iv. Loan amount of Rs. 17,66,000/- was availed from Housefed. In this regard, vide
letter dated 14.07.2014, Housefed Punjab intimated the following cost for the said
flat and the payments already made in this regard:
Table No. 68
Sr. No.DetailsAmount (in Rs.)1Final cost of the flat44,17,000/-2Interest on delayed
instalments till 15.07.2014, if any222/-3Total (1 + 2)44,17,222/-4Payment already
made10,28,851/-Balance Payment (3-4)33,88,371/-
v. One copy of letter dated 04.03.2015 provided intimating that finance availed
from Housefed and details of balance payments made is as given below:
Table No. 69
Sr. No.DetailsAmount (in Rs.)1Balance cost of the flat33,88,371/-2Loan sanctioned
amount17,66,000/-3Net Balance cost of the flat16,22,371/-4Interest @ 18% for period
01.11.2014 to 03.03.2015 on Rs. 33,88,371/-2,04,000/-Watch & Ward charges from
11/2014 to 02/201520,000/-Total amount due & Received18,46,371/-
vi. Further, the for payment of due amount, funds of Rs. 18.50 lakhs was
transferred through RTGS from Bank Account No. 134105500453 of M/s Prithvi
Infradevelopers Pvt. Ltd. maintained in ICICI Bank, Chandigarh which was utilised
for making the last payment for the above-said flat and that thereafter one payment
of Rs. 18.50 lacs was made from Account Number 009510011021253 of Andhra Bank, he
had made a payment of Rs. 18.50 lakhs on 02nd March 2015.
The accused M S Dullat was specifically questioned about the reasons for the
receipt of the said amount to which he submitted in his voluntary statement dated
05.06.2017, recorded under Section 50 of the PML Act, 2002, that he had provided
consultancy to M/s Prithvi Infradevelopers Pvt. Ltd. for security, safety, labour
management, procurement and tracing of potable water surveys for Deep Bore Wells in
the Hilly region as also various fine aspects of project management, administrative
and miscellaneous aspects for a prolonged period of almost 2 years. Further, on
being asked to produce appointment letter that might have been issued to him by M/s
Prithvi Infradevelopers Pvt. Ltd. and the bills raised by him for claiming payment
from M/s Prithvi Infradevelopers Pvt. Ltd. in respect of aforesaid services
rendered by him, the accused M S Dullat failed to produce them and instead further
stated in his afore-said statement that no appointment letter as such was issued to
him and only verbal instructions on good faith were issued to him by the company
directors Dinesh Kumar and Amanpreet Singh Sodhi; that he undertook to produce
his copy of the bill. However, the applicant failed to produce the copy of the said
Bill.
Statement dated 17.05.2017 of accused Dinesh Kumar, Director, M/s Prithvi Infra
Developers (P) Ltd. was also recorded under Section 50(2) and (3) of the PMLA 2002,
wherein on being asked to state as to why an RTGS Transfer of an amount of Rs.
18,50,000/- was made on 02/03/2015 from ICICI Bank Account No. 134105500453 of M/s
Prithvi Infra Developers Pvt. Ltd. to the account of accused M.S Dullat, he
submitted that the said amount of Rs. 18,50,000/- was paid through RTGS from M/s
Prithvi Infradevelopers Pvt. Ltd. to accused M.S Dullat (Retd.) as loan; that as
such no agreement had been entered for such loan; that the above said amount was
given as unsecured loan as per say of accused Ashu Mehra, who verbally informed him
(Dinesh) that the said amount was required by his father-in-law for payment of some
flat purchased by him in Mohali.
Another statement dated 28.06.2017 of the accused Amanpreet Singh Sodhi, Director
of M/s Prithvi Infradevelopers Pvt. Ltd. was recorded under Section 50 of the PML
Act, 2002 wherein, on being asked to state whether any verbal or written
instructions were ever issued by him for taking services of accused M.S.Dullat in
respect of M/s Prithvi Infradevelopers Pvt. Ltd. and also to state whether he was
aware that accused M.S.Dullat had tendered any services to his company M/s Prithvi
Infradevelopers Pvt. Ltd. for which he might have received any payment, he
(Amanpreet) stated that no instructions (verbal or written) were ever issued by him
for taking services of accused M.S.Dullat, Brig. (Retd.) in M/s Prithvi
Infradevelopers Pvt. Ltd. and that he also didnot know about any payment made to
him (Dullat) from M/s Prithvi Infradevelopers Pvt. Ltd., as day to day working of
the company M/s Prithvi Infradevelopers Pvt. Ltd. was being looked after by accused
Dinesh Kumar.
That the investigation conducted has also revealed that the company M/s Prithvi
Infradevelopers Pvt. Ltd. has their source of funds from the accused firms M/s
Heights International as well as M/s Vision Procon which are beneficiaries of the
fraudulent buyers credit with these buyers credit LOUs having being issued by the
accused Ashu Mehra, son-in-law of the accused M S Dullat.
Hence, the payment of Rs. 18.50 lakhs, received by the accused M S Dullat, are
linked with the proceeds of crime, having been routed through the company M/s
Prithvi Infradevelopers Pvt. Ltd., having the accused Amanpreet Singh Sodhi and
Dinesh Kumar as its directors.
6) Property situated at Flat No. 701, 7th Floor, Block-A, Societies Plot No. GH2,
Sector � 23, Panchkula in the name of the accused Dinesh Kumar:
As per the documents pertaining to the said property, the same is a flat on the 7th
floor. The following payments were made for the purchase of the said property:
Table No. 70
which payment made116,00,000/-Through cheque no. 000051 dated 16.03.2015 HDFC Bank
Account No. 01082000010154 of M/s Wealth Creators Reality Services215,00,000/-
Through cheque no. 873961 dated 13.06.2015.Karnataka Bank Account No.
1462500101103401 of M/s Dinesh Kumar & Sons HUF. All these 3 payments debited on
01.09.2015.315,00,000/-Through cheque no. 873962 dated 13.06.2015.414,00,000/-
Through cheque no. 873963 dated 13.06.2015.Total60,00,000/-
In this regard, one statement dated 30.06.2017 of the accused Dinesh Kumar was also
recorded under Section 50 of the PML Act, 2002 wherein he inter-alia stated that:
i. the property Flat No. 701 on 7th Floor of Block A situated at Societies Plot No.
GH 2, Sector 23, Panchkula was purchased as per say of the accused Ashu Mehra; that
the said property was initially proposed to be purchased by Ashu Mehra in the firm
M/s Wealth Creators Reality Services (belonging to one Dixit Sood); that for the
same Dixit Sood had also made payment of Rs. 16,00,000/- to the seller vide Cheque
No. 000051 dated 16.03.2015 from his Bank Account No. 01082000010154 maintained in
HDFC Bank, SCO 409, Sector 8, Panchkula;
ii. however later on Ashu Mehra asked him (Dinesh) to purchase the property in my
firm and so further payments were made vide following cheques from Karnataka Bank
Account No. 1462500101103401 of M/s Dinesh Kumar & Sons HUF
a) Cheque No. 873961 dated 13.06.2015 of an amount of Rs. 15,00,000/-;
b) Cheque No. 873962 dated 13.06.2015 of an amount of Rs. 15,00,000/- and
c) Cheque No. 873963 dated 13.06.2015 of an amount of Rs. 14,00,000/-.
iii. the said flat was purchased for a total amount of Rs. 60,00,000/-; that the
source of income in M/s Dinesh Kumar & Sons HUF would be submitted on the next date
but the money was arranged at the instance of Ashu Mehra.
Further, in this regard, one more statement dated 18.07.2017 of the accused Dinesh
Kumar was recorded under Section 50 of the PML Act, 2002 wherein he inter-alia
stated that:
i. credit entry of Rs. 44,95,443/- was received from M/s G K Enterprises on
31.08.2015 vide RTGS in Savings Bank Account No. 1462500101103401 of M/s Dinesh
Kumar & Sons HUF maintained in Karnataka Bank, Sector 22C, Chandigarh;
ii. the receipt of said credit entry of Rs. 44,95,443/- from M/s G. K Enterprises
on 31.08.2015 was informed to him (Dinesh) by Ashu Mehra to have been arranged by
Gaurav Kirpal; that the said amount was being shown in their books as business
advance; that however till date he had not provided any goods or services to M/s G.
K Enterprises nor intended to provide the same in future;
iii. he didnot know any person in M/s G. K Enterprises; that Ashu Mehra further
asked him to immediately make payments out of the above-said amounts received to
Basant Kumar Saini for purchase of Flat No. 701 on 7th Floor of Block A situated at
Societies Plot No. GH 2, Sector 23, Panchkula; that accordingly, he made the
following payments vide cheques from said account to Basant Kumar Saini:
a) Cheque No. 873961 dated 13.06.2015 of an amount of Rs. 15,00,000/-;
b) Cheque No. 873962 dated 13.06.2015 of an amount of Rs. 15,00,000/- and
c) Cheque No. 873963 dated 13.06.2015 of an amount of Rs. 14,00,000/-.
(Note: The above cheques were debited only on 01.09.2015 from Savings Bank Account
No. 1462500101103401 of M/s Dinesh Kumar & Sons HUF maintained in Karnataka Bank,
Sector 22C, Chandigarh.)
During the enquiries conducted in this matter it has been revealed that the credit
entries of M/s G.K Enterprises were arranged / managed by Gaurav Kirpal.
Summons were also sent on Lovinder Kumar (@ Lovely) who was owner in the firm M/s
G.K Enterprises, besides being owner of 2 more firms, namely M/s Balaji Enterprises
and M/s Rama Knit Fab; that however the summons were returned undeliverable and the
said person remained untraceable during investigation.
Apart from the above, one statement dated 31.08.2017 of Dixit Sood, Proprietor, M/s
Wealth Creators Reality Services was also recorded under Section 50 of the PML Act,
2002 wherein he inter-alia stated that:
i. He had received an amount of Rs. 15,99,943/- from M/s Pioneer Knitting on
16.03.2015 in Bank Account No. 01082000010154 of M/s Wealth Creators Reality
Services maintained in HDFC Bank;
ii. the said amount of Rs. 15,99,943/- was arranged by Ashu Mehra; that he didnot
know S.K.Palta, Proprietor of M/s Pioneer Knitting as well as Gaurav Kirpal at
the time when the said amount was transferred on 16.03.2015 in Bank Account No.
01082000010154 of M/s Wealth Creators Reality Services maintained in HDFC Bank;
iii. he had have never had any business dealing with M/s Pioneer Knitting; that on
being specifically asked he stated that he had never purchased any fabrics / cloths
from M/s Pioneer Knitting and if any such transaction / bill has been issued by M/s
Pioneer Knitting then the same was fake;
iv. he was engaged in certain business deals with Ashu Mehra; that hence, Ashu
Mehra came with a proposal for purchase of Flat No. 701, 7th Floor, Block-A,
Societies Plot No. GH2, Sector � 23, Panchkula from one Saini either in him
(Dixit�s) name or in the joint name of himself and Ashu Mehra; that initially he
agreed to the said proposal and thereafter Ashu Mehra arranged the transfer of an
amount of Rs. 15,99,943/- from M/s Pioneer Knitting into the bank account of his
firm M/s Wealth Creators Reality Services as stated above;
v. thereafter, as per say of Ashu Mehra, payment of an amount of Rs. 16,00,000/-
was made to Basant Kumar Saini for purchase of Flat No. 701, 7th Floor, Block-A,
Societies Plot No. GH2, Sector � 23, Panchkula; that however, immediately after
transfer of the said amount he discussed the issue with his family; that his family
advised that as they didnot have any funds to invest from their side so they
shouldnot get into that deal;
vi. As per advice of his family he changed his mind and told Ashu Mehra that he
cannot take any of the offers and that therefore he must settle the accounts and
transactions from both the parties;
vii. however, despite several follow-ups with Ashu Mehra, the accounts and
transactions from both the parties could never be settled.
A perusal of the ledger of M/s Pioneer Knitting with M/s Wealth Creators Reality
Services reveals that M/s Pioneer Knitting have shown purchase of fabrics from the
latter; that as per afore-said statement of Dixit Sood of M/s Wealth Creators
Reality Services, the bills of fabrics are fake. In this regard, statement dated
21.07.2017 of S.K.Palta, Proprietor of M/s Pioneer Knitting, Ludhiana was also
recorded under Section 50 of the PML Act, 2002 wherein he inter-alia stated that:
i. RTGS debit of an amount of Rs. 16,00,000/- was made on 16th March, 2015 to
M/s Wealth Creators Reality Services from Cash Credit (C/C) Account No.
028402000012968 in Indian Overseas Bank, Sector 7, Madhya Marg, Chandigarh, which
was shown as paid for purchases of cloths vide Bill Nos. 134 and 142 in copy of
ledger accounts of M/s Wealth Creators Reality Services for the Financial Year 2015
� 2016;
ii. he made further enquiry from one accused Gaurav Kirpal and another Dixit
Sood of M/s Wealth Creators Reality Services and that he was informed that in
actual no cloth sale / purchase was done corresponding to the said transaction of
money; that further he had been informed by them that the said transaction was done
at the instance of accused Ashu Mehra through accused Dinesh Kumar of M/s Vision
Procon; that these bills were also informed to him to have been raised in a wrong
manner for subsequent adjustment of bills as there was no sale tax on cloth at that
time.
7) Property situated at Khasra No. 196/214, Khasra No. 2106/682 at Vill. Dabhota,
Tehsil Nalagarh, Distt. Solan, H.P:
> This property is in the name of Gaurav Kirpal.
> In the name of Kaushal Nath Kirpal vide Jambandi year 2004-05 which is mortgaged
with the bank.
> Consideration price: Rs. 40,00,000/-
> Property transferred in the name of Gaurav Kirpal (represented through one Sucha
Singh) by Kaushal Nath vide Sale Deed No. 1414 dated 11.09.2013.
> Stamp Duty amount � Rs. 1,000/-.
> Area � 2 bighas
8) Property situated at Land measuring 15 Marla comprised in Khewat / Khatauni No.
55/57 Min, Khasra No. 685/342/264 (0-15) situated at Village Thanthewal, Tehsil
Nalagarh, District Solan, H.P:
> Transferred in the name of Gaurav Kirpal by his father K.N.Kirpal on 14-01-2003
which is mortgaged with IOB.
> Consideration price: Rs. 60,000/-
> Property purchased in the name of Gaurav Kirpal (represented through Aman Kirpal)
> Stamp Duty amount � Rs. 1,000/-
> Purchased vide Sale Deed No. 32 dated 14.01.2013
> Area � 375 Sq. Yards
In respect of the afore-said 2 properties owned by the accused Gaurav Kirpal, one
statement dated 06.07.2018 of Gaurav Kirpal was recorded under Section 50 of the
PML Act, 2002 who has submitted that both the properties were in the name of his
father K.N.Kirpal and had been later on transferred in his name and further that
neither nor his father coud recall the consideration amount. The said 2 properties
are presently mortgaged with the Indian Overseas Bank, Sector 7, Chandigarh and the
accused company M/s Saibhakti Impex Pvt. Ltd. The Indian Overseas Bank has informed
that the company M/s Saibhakti Impex Pvt. Ltd. was provided with a Cash Credit
limit of Rs. 7 crores against mortgage of seven properties including the afore-said
2 freezed properties of the accused Gaurav Kirpal. The IOB has further informed
vide their letter dated that they have taken the symbolic possession of the said
two properties; that however the physical possession of the said 2 properties is
still accused Gaurav Kirpal. These 2 properties being presently in the name of the
accused Gaurav Kirpal would therefore fall within the definition of proceeds of
crime.
9) Property in the form of land situated at 8B-4B, Khewat No. 276/261, Village
Rampur, Tehsil-Payal, District- Ludhiana in the name of M/s Geoxa Foods (Prop. Sh.
Amanpreet Singh Sodhi):
As per property documents, the Sale Deed for the purchase of the said property is
dated 17.02.2016 and the total amount paid for its purchase is Rs. 40,83,000/- and
a stamp duty of Rs. 2,45,000/- was paid on the said purchase. The area of the said
land is 8 bighas and 4 biswas. The said land was purchased from one Bant Singh by
the buyer M/s Geoxa Foods, having one Amanpreet Singh Sodhi s/o Inderjit Singh
Sodhi, R/o 26-B, Sargodha Colony, Ludhiana as its proprietor. The following
payments were made for the purchase of the said property:
Table No. 71
which payment made124,90,000/-Through RTGS UTR No. MAHBR-52016021702040222 dt.
17.02.2016 to Jasmail Singh in his Account No. 078701500118 in Bank of Maharashtra,
Gill Road, Ludhiana.Payment made through Bank Account No. 60212701271 of Amanpreet
Singh Sodhi in Bank of Maharashtra. First a payment of Rs. 40,83,000/- was received
and thereafter an amount of Rs. 15,93,000/- was reversed on 17.02.2016
itself.27,96,500/-Through Cheque no. 339292 on 20.02.2016 to Bant SinghPayment made
through Bank Account No. 60212701271 of Amanpreet Singh Sodhi in Bank of
Maharashtra.37,96,500/-Through Cheque no. 339293 on 20.02.2016 to Gurmel
SinghPayment made through Bank Account No. 60212701271 of Amanpreet Singh Sodhi in
Bank of Maharashtra.Total40,83,000/-Amanpreet Singh Sodhi has submitted to have
made payment of stamp duty in cash
In order to ascertain the source of funds for purchase of the said property,
statement dated 14.09.2017 of Amanpreet Singh Sodhi was recorded under Section 50
of the PML Act, 2002 wherein he inter-alia stated that the details of payments made
for purchase of the said property (as given in Table above) and has further
submitted therein that:
i. Ashu Mehra had desired to open a CA store in the name of. M/s Geoxa Foods for
which he (Ashu) was in touch with one Vinod Joshi of M/s Him Agro Food Corporation;
that for the said work he (Ashu) informed him (Amanpreet) that he (Ashu) is
transferring an amount of Rs. 43,50,000/- from Indian Overseas Bank Account No.
028402000012941 of M/s Heights International to Bank Account No. 60212701271 in his
personal name with Bank of Maharashtra, Ludhiana;
ii. the said transfer of Rs. 43,50,000/- was received in Bank Account No.
60212701271 in his personal name with Bank of Maharashtra, Ludhiana on 16.02.2016
through RTGS; that on perusing the bank account statement of Indian Overseas Bank
Account No. 028402000012941 of M/s Heights International, he could say that in the
said bank account there was receipt of various foreign inward remittances and he
believed that the said foreign inward remittances were behind the source of funds
in the said bank account which were utilized to make the transfer of Rs.
43,50,000/- in Bank Account No. 60212701271 in his personal name with Bank of
Maharashtra, Ludhiana on 16.02.2016;
iii. the land built up on an area of 8 bighas and 4 biswas at 8B-4B, Khewat No.
276/261, Vill. Rampur, Tehsil-Payal, District- Ludhiana in the name of M/s Geoxa
Foods (Prop. Sh. Amanpreet Singh Sodhi) was purchased through Sale Deed dated
17.02.2016 and for the same, a total amount of Rs. 40,83,000/- was paid alongwith
Stamp Duty of Rs. 2,45,000/-; that the seller of the land is Bant Singh whereas
buyer is M/s Geoxa Foods (represented through him as Proprietor);
The investigation conducted in this matter has revaled that for making the said
transfer of Rs. 43,50,000/- from Indian Overseas Bank Account No. 028402000012941
of M/s Heights International to Bank Account No. 60212701271 of Amanpreet Singh
Sodhi with Bank of Maharashtra, Ludhiana on 16.02.2016 through RTGS, the said IOB
account of M/s Heights International is in receipt of 2 foreign inward remittance
on 16.02.2016 itself, one of an amount of USD 91800 (equivalent to Rs.
62,70,858.00) through IR No. 28410116000055 and second of USD 19191.07 (equivalent
to Rs. 13,10,942.00) through IR No. 28410116000054; that both these inward
remittances have been received from M/s Al Dishu Trading FZE, UAE; that further the
source of funds available with M/s Al Dishu Trading is completely out of funds
remitted to its bank account in UAE from the HSBC bank accounts of the accused M/s
Colour Wave (HK) Ltd., which are linked with the proceeds of crime.
10) Property situated at Villa No. 14A, Janpath Estate, Canal Road, Ludhiana:
This property has been purchased in the year 2013 in the name of Leela Kirpal,
mother of accused Gaurav Kirpal and Aman Kirpal. An investigation was also caused
to ascertain the source of funds for acquiring the same; that during the course of
the said investigation, statement dated 08.06.2018 of the buyer Smt. Leela Kirpal
was recorded under Section 50 of the PML Act, 2002 wherein she inter-alia stated
that:
i. the purchase consideration for acquiring the property situated at Villa No. 14A,
Janpath Estate, Canal Road, Ludhiana is Rs. 1,59,00,000/- and that further stamp
duty paid of Rs. 11,13,000/- was paid for the same vide Receipt No. 766585 dated
27.06.2013 of State Bank of India;
ii. the following payments of a total of Rs. 1,59,00,000/- were made for the same:
Table No. 72
Sr. No.Details of transactionAmount Paid (in Rs.)Remarks1Payment made vide Cheque
No. 252667 dt. 26.11.2012 from IOB A/c No. 034402000001170 of M/s Sai Bricks to
Janpath Estates11,00,000/-For making this payment, an amount of Rs. 13,00,000/- was
transferred on 20.11.2012 into this account of M/s Sai Bricks from bank Account No.
324010100047232 of Kaushal Nath Kirpal in Axis Bank, Miller Ganj, Ludhiana. For
making this payment, Kaushal Nath Kirpal is in receipt of an amount of Rs.
13,00,000/- on the same day itself from one firm M/s BJ Traders (Proprietorship of
my husband Kaushal Nath Kirpal located in Nakodar, Jalandhar).2Payment made vide
Cheque No. 108030 dt. 08.05.2013 from Axis Bank, Millerganj Branch10,00,000/-This
payment has been made from bank account No. 324010100050379 of Mrs. Leela Kirpal in
Axis Bank, Millerganj, Ludhiana and was debited on 10.05.2013. For making this
payment, an amount of Rs. 10,00,000/- has been credited in this bank account from
bank Account No. 324010100047232 of Kaushal Nath Kirpal in Axis Bank, Miller Ganj,
Ludhiana; that further Kaushal Nath Kirpal is in receipt of an amount of Rs.
10,00,000/- on the same day from Axis Bank A/c No. 324010200005425 of Satpal BKO.
Said Satpal BKO account is in receipt of the following credits, mostly in cash as
per details given below:
a. 29.03.2013 � Rs. 3,50,000/- from Vandana Johar;
b. 02.05.2013 � Rs. 5,00,000/- in cash;
c. 03.05.2013 � Rs.1,14,000/- by CLG (Cheque No. 770659);
d. 08.05.2013 � Rs. 3,80,000/- in cash.3Payment made vide Cheque No. 581373 dt.
08.05.2013 from IOB A/c No. 034401000014688 of Leela Kirpal to Janpath
Estates25,00,000/-The following amounts were credited in the IOB A/c No.
034401000014688 of Leela Kirpal for effecting the said payments:
1) Rs. 16,00,000/- sent through RTGS on 25.04.2013 from Axis Bank A/c No.
324010100047269 of Gaurav Kirpal for which Rs. 16,00,000/- was deposited in cash in
the said bank account of Gaurav Kirpal.
324010100047269 of Gaurav Kirpal for which Rs. 8,25,000/- was deposited in cash in
the said bank account of Gaurav Kirpal.
3) Rs. 75,000/- was also deposited in cash in said IOB account of Leela Kirpal on
08.05.2013.
4) Rs. 25,00,000/- credited through RTGS in said IOB account of Leela Kirpal on
09.05.2013 from SBP Account No. 65099205921�of M/s Sharman Polymers Pvt Limited of
SSI Branch of SBI (earlier State Bank of Patiala), Malerkotla branch (STBP0000641-
6509).4Payment made vide Cheque No. 581374 dt. 11.05.2013 from IOB A/c No.
034401000014688 of Leela Kirpal to Janpath Estates25,00,000/-5Payment made vide
Cheque No. 581376 dt. 14.05.2013 from IOB A/c No. 034401000014688 of Leela Kirpal
to Janpath Estates35,00,000/-The following amounts were credited in the IOB A/c No.
034401000014688 of Leela Kirpal for effecting the said payments:
1) Rs. 9,50,000/- sent from IOB A/c No. CDCC 12902 of M/s Omkara Worldwide Traders
P. Ltd. on 13.05.2013 for which funds of Rs. 13,00,000/- were credited in the said
account through RTGS-UTIB0000324-9110 on 11.05.2013. For effecting this payment an
amount of Rs. 15,00,000/- was first received in Axis Bank A/c No. 324010200007252
of M/s Saibhakti Impex Pvt. Ltd. from SBP Account of M/s Alfanzaw Knit Exports
which was routed through inter-account transactions through Axis Bank and IOB
Accounts of M/s Omkara Worldwide Traders Pvt. Ltd. into the bank account of Mrs.
Leela Kirpal.
2) Rs. 50,000/- was also deposited in cash in said IOB account of Leela Kirpal on
13.05.2013.
13.05.2013 from SBP Account No. 65099205921�of M/s Sharman Polymers Pvt Limited of
SSI Branch, Malerkotla branch (STBP0000641-6509)..
14.05.2013 from PNB Account No. 2416005500000694�of M/s Relic Petro-Chem Private
Limited from Chandigarh Road branch, Ludhiana (PUNB0241600-2416)6Payment made vide
Cheque No. 108019 dt. 14.05.2013 from Axis Bank, Millerganj Branch5,00,000/-This
payment has been made from bank account No. 324010100050379 of Mrs. Leela Kirpal in
Axis Bank, Millerganj, Ludhiana and was debited on 10.05.2013. For making this
payment, an amount of Rs. 8,00,000/- has been credited in this bank account from
bank Account No. 324010100047232 of Kaushal Nath Kirpal in Axis Bank, Miller Ganj,
Ludhiana; that further Kaushal Nath Kirpal is in receipt of an amount of Rs.
4,00,000/- on the same day from Satpal BKO and another cash deposit in his said
bank account of Rs. 4,00,000/-; that for receiving said amount from Satpal BKO
also, an amount of Rs. 4,00,000/- was deposited in cash in the said Axis Bank A/c
No. 324010200005425 of Satpal BKO. 7Payment made vide DD No. 174009 dt. 01.07.2013
from IOB A/c No. 034401000014688 of Leela Kirpal to Janpath Estates9,60,000/-Rs.
48,00,000/- has been transferred into IOB A/c No. 034401000014688 of Leela Kirpal
for making these 5 DDs of Rs. 9,60,000/-. The said amount was repaid through
periodic credits in cash in my Bank Account No. 034401000014688 in IOB, Phagwara
and thereafter the said amounts were transferred in Loan Account No. 351300005 (in
IOB, Phagwara branch); that cash deposited was deposited by my employees Gurtej, K
S Khurana, etc. in my Bank Account No. 034401000014688 for which source of funds
were out of sale proceeds of bricks which were manufactured in M/s Sai Kirpa and
M/s Guru Ram Dass situated at Dosanjh Kalan, Phagwara. Besides the above we closed
this loan account on 24.08.2016 through three final payments of Rs. 25,00,000/-,
Rs. 43,076/- and Rs. 29,51,315/- from IOB Account No. 034401000014688 of Leela
Kirpal; that further there was 1 transfer of Rs. 5,00,000/- from IOB Account No.
034402000000498 of Satpal BKO (for this also cash was deposited in said bank
account of Satpal BKO) were 3 RTGS credits in said IOB account of Leela Kirpal on
24.08.2016 of Rs. 25,00,000/- & Rs. 10,00,000/- from Ravinder Kumar Goyal (a Coal
Trader) and Rs. 15,00,000/- from S R Coal Traders.8Payment made vide DD No. 174010
dt. 01.07.2013 from IOB A/c No. 034401000014688 of Leela Kirpal to Janpath
Estates9,60,000/9Payment made vide DD No. 174011 dt. 01.07.2013 from IOB A/c No.
034401000014688 of Leela Kirpal to Janpath Estates9,60,000/10Payment made vide DD
No. 174012 dt. 01.07.2013 from IOB A/c No. 034401000014688 of Leela Kirpal to
Janpath Estates9,60,000/11Payment made vide DD No. 174013 dt. 01.07.2013 from IOB
A/c No. 034401000014688 of Leela Kirpal to Janpath
Estates9,60,000/TOTAL1,59,00,000/-
iii. Stamp duty paid of Rs. 11,13,000/- for the purchase of the afore-said property
was also paid out of loan obtained from IOB, Phagwara branch.
iv. the source of funds for making payments for purchase of said property was out
of cash having been routed through bank accounts of family firms / individuals;
that the source of said cash investments is mostly out of sale proceeds of bricks;
v. she undertook to submit the details of sale bills of bricks alongwith copies of
balance sheets of the said period within 15 days; that till date she has failed to
submit the copies of the sale bills of bricks, inferring thereby that her claims of
cash sale of bricks are doubtful;
vi. as regards the reasons for receipt of funds on 24.08.2016 from Ravinder Kumar
Goyal (a Coal Trader) and M/s S R Coal Traders, she undertook to submit the reasons
for the same within 15 days but even faile to submit the same till date thereby
raising doubts on the credibility of her claims;
vii. as regards the reasons for receipt of funds from M/s Sharman Polymers Pvt.
Limited and M/s Relic Petro-Chem Private Limited in her IOB Bank Account No.
034401000014688, she submitted that she was not presently aware about the reasons
for the receipt of the same; that she would check her records and revert on the
same in 15 days; that further M/s Sharman Polymers Pvt. Limited and M/s Relic
Petro-Chem Private Limited were owned / controlled by Rajan Pahwa, her son-in-law;
that till date she has failed to submit the reasons for receipt of the said amount
from the above-said two companies, inferring thereby that her claims in this matter
were also doubtful;
viii. regarding following funds received by her in IOB A/c No. 034401000014688, her
son Gaurav Kirpal would explain about the source of funds for the same.
324010100047269 of Gaurav Kirpal.
324010100047269 of Gaurav Kirpal.
3) Rs. 9,50,000/- sent from IOB A/c No. CDCC 12902 of M/s Omkara Worldwide Traders
P. Ltd. on 13.05.2013.
ix. she further submitted that in 2016 she had obtained Loan against property (LAP)
of Rs. 1.7 crores from Cholamandalam Investment And Finance Company Ltd., SCO 10-
11, 4th Floor, Feroz Gandhi Market, Jila Kacheri Area, Model Gram, Ludhiana, Punjab
141001 on the said property; that the said loan obtained by her, against the
property situated at Villa No. 14A, Janpath Estate, Canal Road, Ludhiana, were
further remitted by her to Bhawna Kirpal (wife of Gaurav Kirpal) and hence the
utilization of the said funds (obtained out of loan against said property) can be
obtained from her son Gaurav Kirpal or the beneficiary, viz. her daughter-in-law
Bhawna Kirpal.
Further, statement dated 04.06.2018 of Gaurav Kirpal (accused) was also recorded
under Section 50 of the PML Act, 2002 wherein he inter-alia stated that for the
purchase of the property situated at Villa No. 14A, Janpath Estate, Canal Road,
Ludhiana, his mother Mrs. Leela Kirpal had made two equal payments of amounts of
Rs. 25,00,000/- each vide Cheque Nos. 581373 dated 08.05.2013 and 581374 dated
11.05.2013 from her Indian Overseas Bank Account No. 034401000014688 to M/s Janpath
Estates Pvt. Ltd.; that for the same she had received entries from various sources
in her said IOB Account; that he had made two RTGS payments for the same, one for
Rs. 16,00,000/- was sent through RTGS on 25.04.2013 from his (Gaurav Kirpal�s) Axis
Bank A/c No. 324010100047269 for which Rs. 16,00,000/- was deposited in cash in his
said bank account; that further another amount of Rs. 8,25,000/- was also sent
through RTGS on 25.04.2013 from his (Gaurav Kirpal�s) Axis Bank A/c No.
324010100047269 for which Rs. 8,25,000/- was deposited in cash in the said bank
account of Gaurav Kirpal; that he had also remitted an amount of Rs. 9,50,000/-
from IOB A/c No. 028402000012902 of M/s Omkara Worldwide Traders Pvt. Ltd. on
13.05.2013 to IOB A/c No. 034401000014688 of Leela Kirpal which was utilized while
making a payment of Rs. 35,00,000/- to M/s Janpath Estates Pvt. Ltd. vide Cheque
No. 581376 dt. 14.05.2013 from IOB A/c No. 034401000014688 of Leela Kirpal.
In this manner, the accused Gaurav Kirpal has admitted to have provided funds to
her mother Mrs. Leela Kirpal, which are linked with proceeds of crime; that further
there has been various cash deposits in various accounts which have been utilized
for purchase of the property situated at Villa No. 14A, Janpath Estate, Canal Road,
Ludhiana alongwith certain unexplained funds transfers from M/s Sharman Polymers
Pvt. Ltd. and M/s Relic Petro-chem Pvt. Ltd.; that for the same no satisfactory
explanation, supported with documents having corroboration, have been tendered till
date by Leela Kirpal to justify the source of funds available with her for purchase
of the afore-said freezed property. That as per Section 24 of the PML Act, 2002 the
burden of proof would lie with the person who is in the possession of the proceeds
of crime.
11) Property situated at Freehold Residential House No. 191, Green Avenue, Amritsar
admeasuring 327 Sq. Yards bearing Khasra No. 1250/505-506 situated at Tungbala
Urban Green Avenue, Amritsar in the name of M/s Mehra & Sons (HUF):
The Sale Deed pertaining to the said property was executed at Amritsar on 24th of
September, 2015 between Smt. Sujata Bhalla w/o Late Sh. Ramesh Bhalla, Sh. Vikas
Bhalla s/o Late Sh. Ramesh Bhalla and Sh. Sidharth Bhalla s/o Late Sh. Ramesh
Bhalla (First Party) and M/s Mehra & Sons (HUF) through its karta Ashu Mehra
(Second Party).
The said property, built up on a plot area of 327 sq. yards, was purchased for a
total consideration of Rs. 70,00,000/- and stamp duty of Rs. 6,30,000/-.
The accused Ashu Mehra has clarified on the source of funds available with him for
the purchase of the said property in his further statement dated 08.09.2017
recorded under Section 50 of the PML Act, 2002 wherein he has inter-alia stated
that:
The following payments were made for the purchase of the above-said property:
Table No. 73
which payment madeAnalysis110,00,000/-Through cheque no. 872216 dated 09.06.2015
to Sujata BhallaKarnataka Bank Savings Account No. 1462500101103801 in the name of
M/s Mehra & Sons HUF
This payment has been preceded by an RTGS of an amount of Rs. 21,75,500/- from M/s
Global Trade Matrix Pvt. Ltd. A/C No. 200999956788 maintained in IndusInd Bank,
Sector 35, Chandigarh. However, the source of this money in M/s Global Trade Matrix
Pvt. Ltd. is the amount of Rs. 17 crores received by them as unsecured loans from
M/s Solaris Chemtech Industries Pvt. Ltd. which are linked with the proceeds of
crime.25,00,000/-Through cheque no. 872217 dated 09.06.2015 to Vikas
Bhalla35,00,000/-Through cheque no. 872218 dated 09.06.2015 to Sidharth
Bhalla422,00,000/-Through cheque no. 872230 dated 12.09.2015 to Sujata
BhallaKarnataka Bank Savings Account No. 1462500101103801 in the name of M/s Mehra
& Sons HUF
These payments were preceded by 2 RTGS of amounts of Rs. 30,00,000/- on 04.09.2015
from M/s G K Enterprises and Rs. 29,99,943/- on 07.09.2015 from M/s Ganesh Traders.
These amounts were arranged by Gaurav Kirpal, Director of M/s Saibhakti Impex Pvt.
Ltd. as business advance; that Gaurav Kirpal informed that this business advance
would be used for starting trading of fabrics in M/s Mehra and Sons HUF. However,
actually no trading of fabrics were ever carried out in M/s Mehra and Sons HUF and
the said amount of Rs. 30,00,000/- is still standing as business advance in the
books of accounts of M/s Mehra and Sons HUF. Regarding any further explanation on
the said entries Ashu Mehra desired that further enquiry may be made from Gaurav
Kirpal.511,00,000/-Through cheque no. 872231 dated 12.09.2015 to Vikas
Bhalla611,00,000/-Through cheque no. 872232 dated 12.09.2015 to Sidharth
Bhalla76,30,000/- Stamp Duty payment payment made on 22.09.201572,65,000/-Through
DD No. 419119 dated 22.09.2015 to Sujata Bhalla81,32,500/-Through DD No.
419118dated 22.09.2015 to Vikas Bhalla91,32,500/-Through DD No. 419120 dated
22.09.2015 to Sidharth Bhalla1035,000/-Received by Sujata Bhalla via TDSThis
payment was made from IOB Joint A/c No. 208301000012515 of Dinesh Kumar Garg (CA) &
Asha GargAn amount of Rs. 70,000/- was remitted on 22.09.2015 for the said purpose
from Savings Account No. 1462500101103801 of M/s Mehra & Sons HUF in Karnataka Bank
to IOB Joint A/c No. 208301000012515 of Dinesh Kumar Garg (CA) & Asha
Garg1117,500/-Received by Vikas Bhalla via TDS1217,500/-Received by Sidharth Bhalla
via TDSTotal payment made � Rs. 70,00,000/- plus Stamp duty of Rs. 6,30,000/-
The payment of TDS for purchase of the afore-said property has been elaborated by
Ashu Mehra (accused) in his statement dated 20.06.2018 recorded under Section 50 of
the PML Act, 2002.
During recording of statement dated 22.08.2017 of Ashu Mehra under Section 50 of

the PML Act, 2002, Ashu Mehra has inter-alia submitted the details of the payments
were made from the Savings Account No. 1462500101103801 of M/s Mehra and Sons HUF
in Karnataka Bank, Sector 22C, Chandigarh for the purchase of the property, viz.
freehold Residential House No. 191, Green Avenue, Amritsar (admeasuring 327 Sq.
Yards) bearing Khasra No. 1250/505-506 situated at Tungbala Urban Green Avenue,
Amritsar in his firm M/s Mehra & Sons (HUF).
The source of funds for the purchase as depicted in Table above have been therefore
found to be completely linked with the proceeds of crime.
12) Property situated at Portion of Plot No. 47, Ashoka Park Extension, New Delhi
purchased from Rifakat Ali & Others by Amanpreet Singh Sodhi and Property situated
at Portion of Plot No. 48, Ashoka Park Extension, New Delhi purchased from
Mauhabbat & Others by Amanpreet Singh Sodhi
During investigation, further statement dated 02.07.2018 of Amanpreet Singh Sodhi
was recorded under Section 50 of the PML Act, 2002 to ascertain the source of funds
with him for purchase of the afore-said properties. During the recording of the
said voluntary statement, it was revealed that the said property was to be
purchased by him from the sellers for which even sale deeds were also signed and
cheques were given by me to the sellers, as per details mentioned below:
Table No. 74
Sr. No.Details of the propertyPortion of the property soldDetails of the cheques
issued1Portion of Plot No. 47, Ashoka Park Extension, New Delhi (418 sq. metres) to
be purchased from Rifakat Ali and Others209 sq. metresCheque Nos. 339282 and 339283
dt. 10.12.2015 for Rs. 24,15,000/- each2209 sq. metresCheque Nos. 339284 and 339285
dt. 10.12.2015 for Rs. 24,15,000/- each3Portion of Plot No. 48, Ashoka Park
Extension, New Delhi (267.52 sq. metres) to be purchased from Rifakat Ali and
Others133.77 sq. metres
Cheque Nos. 339286 and 339287 dt. 10.12.2015 for Rs. 15,40,000/- each4133.77 sq.
metres
Cheque Nos. 339288 and 339289 dt. 10.12.2015 for Rs. 15,40,000/- each
Amanpreet Singh Sodhi has further submitted that the payments only in respect of
the Cheque No. 339282 dated 10.12.2015 was realised by the seller on 04.02.2016
from Bank of Maharashtra A/c No. 60212701271 in his personal name; that he had
given a blank cheque to the seller with amount filled in it. He has further
submitted that in respect of other cheques, payments were not made by him as there
was a dispute regarding ownership of the said property and other claimants of the
said property also stood up. He has also submitted that the sellers thereafter
issued him Notice for cancellation of the Sale Deeds.
The accused Amanpreet Singh Sodhi didnot make the full payments for the purchase of
the said property and only a payment of Rs. 24,15,000/- was made by him which has
not been returned by the seller; that however the Registry / Sale Deeds show him as
the owner.
13) Property situated at Property Number 2248, 2249, 2250, 2251, 2252 & 2253 Dr.
H.C.Sen Road, Fountain, Chandni Chowk, New Delhi:
In order to ascertain the source of funds for purchase of the said property,
statement dated 14.09.2017 of Amanpreet Singh Sodhi was recorded under Section 50
of the PML Act, 2002 wherein he inter-alia stated that:
i. He had purchased the property situated at �Part of Property Number 2248, 2249,
2250, 2251, 2252 & 2253 Dr. H.C.Sen Road, Fountain, Chandni Chowk, New Delhi�
through two sale deeds, both dated 26.06.2015;
ii. the first sale deed was signed by him with Shri Balaji Associates (represented
through its partner Sh. Vishnu Gupta) for purchase of six shops on Ground floor
with terrace roof rights upto sky, with the free hold land measuring 27.50 sq.
Metres, being part of properties bearing Municipal Nos. 2248, 2249, 2250, 2251 and
2252 situated at Dr. H.C. Sen Road, Fountain, Chandni Chowk, Delhi � 110006; that
the following payments were made by him for execution of the said Sale Deed:
Table No. 75
which payment made165,00,000/-Through RTGS UTR No. DEUTH15178430617 dt. 27.06.2015
to Shri Balaji Associates as consideration moneyPayment made from Current Bank
Account No. 0011188460028 of M/s Heights International in Deutsche Bank21,95,000/-
Stamp Papers were purchased through SHCIL and payment of an amount of Rs.
3,90,000/- were made for it through RTGS on 24.06.2015Payment made from Current
Bank Account No. 0011188460028 of M/s Heights International in Deutsche
Bank31,95,000/-Total payment made is 68,90,000/-
iii. the second sale deed was signed by him with Shri Balaji Associates
(represented through its partner Sh. Vishnu Gupta) for purchase of Ground floor
with terrace roof rights upto sky, with the free hold land measuring 374 sq.
Metres, being part of properties bearing Municipal Nos. 2248, 2249, 2250, 2251,
2252 and 2253 situated at Dr. H.C. Sen Road, Fountain, Chandni Chowk, Delhi �
110006; that the following payments were made by him for execution of the said Sale
Deed:
Table No. 76
which payment made13,15,00,000/-Through RTGS UTR No. DEUTH15178430620 dt.
27.06.2015 to Shri Balaji Associates as consideration moneyPayment made from
Current Bank Account No. 0011188460028 of M/s Heights International in Deutsche
Bank29,45,000/-Stamp Papers were purchased through SHCIL and payment of an amount
of Rs. 18,90,000/- were made for it through RTGS on 24.06.2015Payment made from
Current Bank Account No. 0011188460028 of M/s Heights International in Deutsche
Bank39,45,000/-Total payment made is 3,33,90,000/-
iv. the source for making the said payments is receipts of money through RTGS /
NEFT transfers from two bank accounts of M/s Vision Procon;
v. a total amount of Rs. 2,81,00,640/- was received vide several RTGS / NEFT
credits on 25.03.2015, 26.03.2015 and 27.03.2015 in Current Bank Account No.
0011188460028 of M/s Heights International in Deutsche Bank from Bank Account No.
259872848167 of M/s Vision Procon maintained in IndusInd Bank, Sector 35,
Chandigarh;
vi. further, vide several RTGS / NEFT credits on 13.04.2015, 16.04.2015 and
17.04.2015 in Current Bank Account No. 0011188460028 of M/s Heights International
in Deutsche Bank, a total payment of Rs. 11,00,00,000/- was received from Bank
Account No. 65217110302 of M/s Vision Procon maintained in State Bank of Patiala
(now SBI), Bharat Nagar Chowk, Ludhiana;
vii. the said property was purchased for a total consideration amount of Rs.
12,00,00,000/- (apart from the total stamp duty amount of Rs. 11,40,000/-); that
the balance amount was paid to the owner of M/s Shri Balaji Associates by
withdrawing money from his bank account in cash or sometimes through transfers in
some other bank accounts and then further withdrawing the cash amounts.
viii. On being asked to explain the RTGS credit of an amount of Rs. 3,80,000/- on
09.07.2015 from M/s Shri Balaji Associates in Current Bank Account No.
0011188460028 of M/s Heights International in Deutsche Bank, he submitted that the
same was a refund amount of Rs. 3,80,000/- paid to them by the seller M/s Shri
Balaji Associates; tha actually the TDS amount of Rs. 3,80,000/- (vide two debits
of amounts of Rs. 3,15,000/- and Rs. 65,000/-) was paid from Indian Overseas Bank
Account No. 028402000012941 of M/s Heights International on 27.06.2015, hence the
said refund.
The investigation conducted in this matter has revealed that the Deutsche Bank
Account of M/s Heights International has been credited with several payments during
that period from IndusInd Bank and State Bank of India (earlier State Bank of
Patiala) Accounts of M/s Vision Procon for the said purpose. That further the said
bank accounts of M/s Vision Procon were further found to be in receipt of proceeds
of crime from IndusInd Bank Account of M/s Saibhakti Impex Pvt. Ltd. and also one
payment from M/s Solaris Chemtech Industries Ltd.
14) Property situated at Mustatil No. 53, Kila No. 20 and 21, Revenue Estate,
Village Jonapur, Tehsil Mehrauli, New Delhi purchased from Mrs. Nirmala Jain w/o
Nirmal Jain by Mrs. Alka Pahwa w/o Rajendra Kumar (R/o 45, Bandh Road, Chattarpur,
New Delhi.)
During search conducted on 07.04.2017 under the provisions at the residential

premises of Gaurav Kirpal situated at House No. 531, Second Floor, Sector 16D,
Chandigarh, one copy of Agreement to Sell dated 29.03.2014 was resumed. The said
Agreement dated 29.03.2014 was executed between Alka Pahwa and the seller Mrs.
Nirmala Jain. The investigation conducted by the Enforcement Directorate has
revealed that Alka Pahwa owns one firm, namely M/s Aakarshan Planers and that
besides payment of an advance amount, she had also made the following payments in
2014 from her firm M/s Aakarshan Planners to the seller Mrs. Nirmala Jain for
purchase of the full property situated at Mustatil No. 53, Kila No. 20 and 21,
Revenue Estate, Village Jonapur, Tehsil Mehrauli, New Delhi from the seller.
Table No. 77
Sr. No.DateAmount received by Nirmala Jain from Aakarshan Planners (in
Rs.)130.06.2014 44,00,000.00 202.07.2014
43,50,000.00 302.07.2014 44,50,000.00 405.07.2014
45,00,000.00 508.07.2014 43,00,000.00 �Total
220,00,000.00
M/s Aakarshan Planner has A/c No. 0147002100041515 in Punjab National Bank whereas
Nirmala Jain has A/c No. 90002010030144 in Syndicate Bank.
However, it was found that the sale deed / registry of the said property was later
on done on 23.03.2017 in the name of Utkarsh Pahwa. The following funds were shown
in the banking records to have been returned by Nirmala Jain to M/s Aakarshan
Planners:
Table No. 78
Sr. No.DateAmount returned by Nirmala Jain to Aakarshan Planners (in
Rs.)117.03.2017 30,00,000.00 218.03.2017
34,00,000.00 321.03.2017 34,00,000.00 422.03.2017
24,00,000.00 524.03.2017 14,00,000.00 628.03.2017
5,00,000.00 726.04.2017 14,00,000.00 805.05.2017
11,00,000.00 906.05.2017 15,00,000.00 1011.05.2017
9,00,000.00 �Total 190,00,000.00
A. Sale Deed dated 23.03.2017 between Nirmala Jain and Utkarsh Pahwa:
> Locality name: Village Jonapur, New Delhi
> Minimum circle rate � Rs. 53,00,000/- per acre.
> Total land under transfer � 2 Bighas 1 � Biswas (0.434896 acre approx.)
> Land Use � Agricultural
> Transaction Value � Rs. 25,50,000/-
> Stamp Duty � Rs. 76,500/-
> Corporation Tax � Rs. 76,500/-
> Total Stamp Duty � Rs. 1,53,000/-
> The consideration of a total sum of Rs. 25,50,000/- has been paid to the vendor
in the following manner:
Table No. 79
Amount (in Rs.)UTRDatedDrawn on23,50,000.00KKBKR5201703160076313616.03.2017Kotak
Mahindra Bank, Connaught Place, New
Delhi2,00,000.00KKBKR5201703210081384721.03.2017
The afore-said RTGS payments were found during investigation to have been made from
the Bank Account No. 2211699769 of Utkarsh Pahwa maintained in Kotak Mahindra Bank.
A perusal of the afore-said bank account statement revealed that for making the
said payment of Rs. 23,50,000/- on 16.03.2017 to the seller Mrs. Nirmala Jain,
there was transfer of funds of Rs. 25,00,000/- on 16.03.2017 from Kotak Mahindra
Bank Account No. 9111663036 of M/s Clean Trading and Services Pvt. Ltd., one
company belonging to Utkarsh Pahwa. It was also revealed during investigation that
the said Kotak Mahindra Bank Account No. 9111663036 of M/s Clean Trading and
Services Pvt. Ltd. was further in receipt of 4 RTGS payments of a total amount of
Rs. 39,50,000/- from IndusInd Bank A/c No. 201000370070 of M/s Goodluck Carbon Pvt.
Ltd.; that for making the said transfer, M/s Goodluck Carbon Pvt. Ltd. was found to
be in receipt of one payment of Rs. 40,00,000/- through RTGS dated 16.03.2017 from
UCO Bank A/c No. 05340210003541 of M/s Prenda Creations Pvt. Ltd. which had been
apparently arranged by the accused Gaurav Kirpal. The said fact has been admitted
by Gaurav Kirpal in his statement dated 06.07.2018 recorded under Section 50 of the
PML Act, 2002.
Similarly, for making payment of Rs. 2,00,000/- on 21.03.2017 to the seller Mrs.
Nirmala Jain, there was transfer of funds of Rs. 2,51,000/- on 21.03.2017 from
Kotak Mahindra Bank Account No. 9111663036 of M/s Clean Trading and Services Pvt.
Ltd., one company belonging to Utkarsh Pahwa. It was also revealed during
investigation that the said Kotak Mahindra Bank Account No. 9111663036 of M/s Clean
Trading and Services Pvt. Ltd. was further in receipt of one RTGS payment of Rs.
6,37,000/- from IndusInd Bank A/c No. 201000370070 of M/s Goodluck Carbon Pvt.
Ltd.; that for making the said transfer, M/s Goodluck Carbon Pvt. Ltd. was found to
be in receipt of one payment of Rs. 22,98,000/- through RTGS dated 21.03.2017 from
PNB A/c No. 0147002100102749 of M/s Aakarshan Planners and M/s Aakarshan Planners
was further found to be in receipt of payments of Rs. 34,00,000/- from seller Mrs.
Nirmala Jain on 21.03.2017 as shown in Table above which is in fact the funds shown
to have been returned by the seller in order to show that her agreement to sell
with Alka Pahwa had lapsed.
Hence, the source of funds with Utkarsh Pahwa for the purchase of the afore-said
property has been out of proceeds of crime advanced by M/s Prenda Creations Pvt.
Ltd. and also out of funds advanced by M/s Aakarshan Planners, a trust belonging to
Rajendra Pahwa / Alka Pahwa.
B. Sale Deed dated 23.03.2017 between Nirmala Jain and M/s Spectrum Credit and
Investment Private Limited (Through its Director Utkarsh Pahwa)
> Locality name: Village Jonapur, New Delhi
> Minimum circle rate � Rs. 53,00,000/- per acre.
> Total land under transfer � 4 Bighas 16 � Biswas (1.00521 acre approx.)
> Land Use � Agricultural
> Transaction Value � Rs. 58,00,000/-
> Stamp Duty � Rs. 1,74,000/-
> Corporation Tax � Rs. 1,74,000/-
> Total Stamp Duty � Rs. 3,48,000/-
> The consideration of a total sum of Rs. 58,00,000/- has been paid to the vendor
in the following manner:
Table No. 80
Amount (in Rs.)UTRDatedDrawn on33,46,000.00KKBKR5201703180345038118.03.2017Bank of
Maharashtra, Alaknanda, New
Delhi19,20,000.00KKBKR5201703200345762820.03.20174,76,000.00KKBKR520170322034669342
2.03.2017Rs. 58,000/- deducted as TDS @ 1% as per G.O.I notification, which shall
be deposited by the VENDEE with the Income Tax Department in the VENDOR A/cTotal �
Rs. 58,00,000/-
The afore-said UTR numbers provided in the Sale Deeds have been informed by the
Kotak Mahindra Bank vide their email dated 06.07.2018 02:05 PM to be not correct;
that however the investigation conducted by the Directorate of Enforcement has
revealed that the said payments have been made by M/s Spectrum Credit and
Investment Private Limited (Through its Director Utkarsh Pahwa) from their Bank
Account No. 20066800194 maintained in Bank of Maharashtra.
Further, statement dated 04.07.2018 of Rajendra Pahwa, Director of M/s Goodluck

Carbon Pvt. Ltd. was recorded under Section 50 of the PML Act, 2002, wherein he
inter-alia stated that some money had been paid as an advance money by his wife
Alka Pahwa for the purchase of the said property; that the Agreement to Sell dated
29.03.2014 signed in this regard had lapsed after 90 days and the said property was
later on registered partially in the name of his son Utkarsh Pahwa and M/s Spectrum
Credit and Investment Private Limited and payments were also made from his
(Utkarsh�s) bank accounts.
Further, statement dated 11.07.2018 of Utkarsh Pahwa was also recorded under
Section 50 of the PML Act, 2002 wherein he has owned the afore-said properties;
that he has submitted the details of the payments made for purchase of the said
property in his name as well the name of his company M/s Spectrum Credit and
Investment Private Limited but has sought some time for submitting the source of
funds for making the said payments.
Alka Pahwa in whose name, the earlier said Agreement to Sell dated 29.03.2014 was
executed has failed to appear before despite issuance of summons dated 03.05.2018,
06.06.2018 and 12.07.2018 to her for appearance on 14.05.2018, 14.06.2018 and
12.07.2018 respectively; that however her husband Rajendra Pahwa sought time.
Hence, investigation regarding her role with respect to said property is still
pending.
The retention of the proceeds of crime, as per details mentioned above which
were seized / freezed during searches conducted at the business premises of the
accused and their associates in April, 2017 has been allowed / confirmed by the Ld.
Adjudicating Authority vide Order dated 12.09.2017 in OA No. 93 of 2017.
5.2 Proceeds of crime freezed in December, 2017 for which OA No. 161 of 2018 was
filed with the Ld. Adjudicating Authority and the evidence obtained to prove that
these are involved in money-laundering:
The proceeds of crime freezed in December, 2017 comprised of fixed deposits
of a value of Rs. 2,98,75,000/- and deposits lying in bank accounts of a value of
Rs. 4,55,905.95/-, the details of which are as given in Table Nos. 44 and Table No.
45 above.
(i) Proceeds of crime to the tune of Rs. 2,97,50,000/- were received by the
beneficiaries as advance payments. These beneficiaries were Mahabir Singh & his
family members, viz. Parvinder Kaur Pahuja w/o Mahabir Singh, Jaswant Kaur mother
of Mahabir Singh, Bikrambeer Singh Pahuja s/o Mahabir Singh (50% amount) and Dr.
Gaurav Gupta (50%). The said beneficiaries have admitted to have signed an
Agreement dated 15.03.2016 with accused Dinesh Kumar, Director at that time in M/s
Trade Hub India Pvt. Ltd., for purchase of 50% shareholding of the freehold
commercial property bearing no. SCO No. 170-171 (2 bays) in Sub City Center, Sector
No. 34-A, Chandigarh and also to have received in pursuance of the said Sale
Agreement, advance payment of Rs. 2,97,50,000/- from M/s Trade Hub India Pvt. Ltd.
(through the accused Dinesh Kumar), as per details given in Table No. 43 above. The
details of the deal between the sellers (represented through Mahabir Singh and Dr.
Gaurav Gupta) have already been detailed in Para No. 4.21.
(ii) To ascertain the source of funds available with Dinesh Kumar, Director of M/s
Trade Hub India Private Limited, for making the afore-said payments, specific
enquiry was made from Dinesh Kumar and during recording of his voluntary statement
dated 10.07.2017 under Section 50 of the PML Act, 2002 he has inter-alia submitted
therein that there were credit entries of Rs. 40,50,000/-, Rs. 41,35,000/-, Rs.
47,94,000/- and Rs. 40,25,000/- on 16.03.2016 through RTGS from M/s Saibhakti Impex
Pvt. Ltd. and Rs. 40,00,000/- and Rs. 39,96,000/- also on 16.03.2016 from M/s Best
Exports in the Bank Account No. 1462000100115701 of M/s Trade Hub India Private
Limited maintained in Karnataka Bank, Sector 22C, Chandigarh; that the said credit
entries (of a total amount of Rs. 2,50,00,000/-) were given by Gaurav Kirpal
(Director of M/s Saibhakti Impex Pvt. Ltd. and Proprietor of M/s Best Exports) and
were not backed by any valid trade transactions and that the same were utilized for
making the total payments of Rs. 2,47,50,000/- to the sellers Mahabir Singh and Dr.
Gaurav Gupta.
(iii) That for making afore-said total transfer of Rs. 1,70,04,000/- (vide 4 RTGS
transfers of Rs. 40,50,000/-, Rs. 41,35,000/-, Rs. 47,94,000/- and Rs. 40,25,000/-
all on 16.03.2016) from its IndusInd Bank Account No. 200002348623, the accused
company M/s Saibhakti Impex Pvt. Ltd. was in receipt of Foreign Inward Remittance
(viz. Telegraphic Transfer) of USD 345695.51 (equivalent to Rs. 2,32,63,010.00)
from UAE based firm M/s Al Dishu Trading FZE, having accused Dinesh Kumar as its
owner. That the accused Dinesh Kumar has admitted in his statement dated 28.09.2017
recorded under Section 50 of the PML Act, 2002 that for making the said payments as
well as other payments to the export firm / companies owned / controlled by the
accused Gaurav Kirpal, his UAE based firm Al Dishu Trading FZE was in receipt of
funds from Hong Kong based M/s Colour Wave (HK) Ltd., having accused Amanpreet
Singh Sodhi as its Director; that for the same he worked on the directions of the
accused Ashu Mehra. That the investigation conducted have also revealed that the
proceeds of crime generated out of the fraudulent Buyers Credit / LOUs, viz. 15
unpaid Buyers Credit as well as few other paid Buyers Credit, had been credited
into the HSBC bank account of the accused Hong Kong based company M/s Colour Wave
(HK) Ltd. Hence, the amount of Rs. 1,70,04,000/-, credited vide 4 RTGS transfers of
Rs. 40,50,000/-, Rs. 41,35,000/-, Rs. 47,94,000/- and Rs. 40,25,000/- on 16.03.2016
all on 16.03.2016, from IndusInd Bank Account of M/s Saibhakti Impex Pvt. Ltd. to
M/s Trade Hub India Pvt. Ltd. are linked with the proceeds of crime.
(iv) That as regards RTGS payments made on 16.03.2016 of amounts Rs. 40,00,000/-
and Rs. 39,96,000/- from IndusInd Bank Account of M/s Best Exports in the Bank
Account No. 1462000100115701 of M/s Trade Hub India Private Limited maintained in
Karnataka Bank, Sector 22C, Chandigarh, it is submitted that for effecting the said
payment, an amount of Rs. 80,00,000/- has been credited on 16.03.2016 from IndusInd
Bank Account of M/s Vision Procon; that for the same there has been 3 transfers on
15.03.2016 in the said IndusInd Bank Account of M/s Vision Procon from IndusInd
Bank Account of M/s Best Exports of amounts of Rs. 24,50,000/-, Rs. 30,28,500/- and
Rs. 25,00,000/-; that the IndusInd Bank account of M/s Best Exports is in receipt
of Rs. 2,15,00,000.00 for the same on 15.03.2016 from Punjab National Bank A/c No.
2416002100041515 of M/s Goodluck Carbon Pvt. Ltd.; that further Punjab National
Bank A/c No. 2416002100041515 of M/s Goodluck Carbon Pvt. Ltd. is in receipt of Rs.
2,68,92,000.00 on 15.03.2016 from its other account 2416008700005650 in same bank;
that for the same there is following credits in Punjab National Bank A/c No.
2416008700005650 of M/s Goodluck Carbon Pvt. Ltd. from M/s Saibhakti Impex Pvt.
Ltd.:
Table No. 81
Sr. No.DateTransaction details Amount (in Rs.)114.03.2016RTGS from IOB A/c of M/s
Saibhakti Impex Pvt. Ltd.95,00,000.00214.03.2016RTGS from IOB A/c of M/s Saibhakti
Impex Pvt. Ltd.1,00,00,000.00314.03.2016RTGS from IOB A/c of M/s Saibhakti Impex
Pvt. Ltd.1,00,00,000.00414.03.2016RTGS from IndusInd A/c of M/s Saibhakti Impex
Pvt. Ltd.3,70,000.00Total2,98,70,000.00
A perusal of IOB Account of M/s Saibhakti Impex Pvt. Ltd. reveals that the said
account is in receipt of 2 amounts of Rs. 2,58,00,000.00 and Rs. 58,85,000.00
(total Rs. 3,16,50,000.00) on 02.03.2016 from IOB Account No. 028402000012902 of
M/s Omkara Worldwide Traders Pvt. Ltd.; that M/s Omkara Worldwide Traders Pvt. Ltd.
is in receipt of several foreign inward remittances during that period from M/s Al
Dishu Trading FZE, some of these being on 01.03.2016 as per details given below:
Table No. 82
Sr. No.IR (Inward Remittance) detailsAmount (in USDAmount (in Rs.)10028410116000075
dated 01.03.201647610.51 31,56,577.00 2028410116000076 dated
01.03.201645800.51 30,36,574.00 3028410116000077 dated 01.03.201648470.51
32,13,595.00 4028410116000078 dated 01.03.201648595.51 32,21,882.00
5028410116000079 dated 01.03.201698715.51 65,44,838.00 6028410116000080
dated 01.03.201695560.51 63,35,662.00 �Total384753.06 255,09,128.00
That further the investigation conducted has revealed that the source of funds with
M/s Al Dishu Trading FZE, UAE is completely out of the proceeds of crime laundered
from M/s Colour Wave (HK) Ltd. Hence, the source of funds for making RTGS payments
on 16.03.2016 of amounts Rs. 40,00,000/- and Rs. 39,96,000/- from IndusInd Bank
Account of M/s Best Exports in the Bank Account No. 1462000100115701 of M/s Trade
Hub India Private Limited is also linked with the proceeds of crime.
(v) The investigation conducted has also revealed that M/s Trade Hub India Pvt.
Ltd. was incorporated on 06.07.2015 with Dinesh Kumar (accused) being its promoter
Director. That the accused Ashu Mehra became the other Director of this company on
22.06.2016 by replacing his brother Neeraj Mehra. Also, as per ROC records the
share-holding in M/s Trade Hub India Pvt. Ltd., held by the accused Dinesh Kumar,
was transferred in the name of M/s Mehra & Sons (HUF), having Ashu Mehra as its
karta, resulting in 95% share-holding of M/s Trade Hub India Pvt. Ltd. being with
the accused Ashu Mehra, through his firm M/s Mehra & Sons HUF.
(vi) That the fixed deposits of the sellers were later on freezed during the
investigation as the beneficiaries were found to have benefited out of proceeds of
crime on the basis of a Sale Agreement dated 15.03.2016 which was not even a
registered sale agreement, indicating thereby that the same was a sham agreement
(which the beneficiaries even failed to satisfy to have been duly registered with
the Office of the Registrar as per the provisions of the Registration Act, 1908.
That the beneficiaries even didnot submit any proof of the said forfeiture of
advance amount on account of the said agreement dated 15.03.2016 of being declared
to the Income Tax department.
(vii) That the accused Ashu Mehra has also admitted to the afore-said transactions
being taken at the instance of Dinesh Kumar in his statement dated 18.05.2017
recorded under Section 50 of the PML Act, 2002 and by Dinesh Kumar in his statement
dated 10.07.2017. Further, statements dated 15.09.2017 of Mahabir Singh and
09.11.2017 of Dr. Gaurav Gupta recorded under Section 50 of the PML Act, 2002 are
also placed on record.
(viii) That the following Andhra bank accounts of the accsued Amanpreet Singh Sodhi
and the companies owned by him have also been freezed during investigation:
Table No. 83
Sr. No.Details of the Account Holder Account NumberAmount freezed (in Rs.)1M/s
Geoxa Impex Pvt. Ltd.03401110000502026,412/-2M/s Colour 9 Productions
LLP0340111000051181,59,875/-3M/s Ludhianvi Tigers Pvt. Ltd.
(OPC)0340111000044922,62,095/-4 Amanpreet Singh Sodhi0340101000436687523.95/-
TOTAL4,55,905.95
These bank accounts were found to be in receipt of funds from various sources,
including those from accused Amanpreet Singh Sodhi and also out of loan availed by
mortgaging properties which have been purchased out of proceeds of crime by the
accused Amanpreet Singh Sodhi; that these loan amounts have been routed in the
afore-said accounts through a chain of inter-account transfers.
That further the Andhra Bank A/c No. 034010100043668 of Amanpreet Singh Sodhi is in
receipt of funds on 04.10.2016, 12.11.2016 and 17.01.2017 of amounts of Rs.
73,65,277/, Rs. 31,00,000/- and Rs. 1,00,00,000/- from M/s Mekaster Engineering
Limited and the source of funds for the same are on account of re-payments received
by M/s Mekaster Engineering Limited from HPCL with respect to the work done of
installation of vapour recovery units at its depots at Kadappa, Bokaro and
Paradeep. On the other hand the funds for import and installation of vapour
recovery units at HPCL depots at Kadappa, Bokaro and Paradeep were made available
to the Mekaster group by the accused Amanpreet Singh in conspiracy with the other
accused Ashu Mehra and the said funds are also linked with the proceeds of crime.
The freezures of the afore-said accounts were confirmed by the Ld. Adjudicating
Authority vide Order dated 22.05.2018 in OA No. 161 of 2018.
5.3 Proceeds of crime freezed in April, 2018 for which OA No. 196 of 2018 was
filed with the Ld. Adjudicating Authority and the evidence obtained to prove that
these are involved in money-laundering:
That during the course of investigation, the following more immoveable / moveable
assets, linked with the proceeds of crime, were identified and freezed under the
provisions of Section 17(1A) of the PML Act, 2002:
1) Residential property situated at B-XXVI-746/1, Sargodha Colony, Ludhiana in the
name of Mrs. Daljit Kaur Chhabra (mother-in-law of the accused Amanpreet Singh
Sodhi) for which the source of funds were linked with the proceeds of crime having
been arranged by the accused Amanpreet Singh Sodhi;
2) An amount of Rs. 4,04,98,451/- lying with HPCL (Hindustan Petroleum Corporation
Ltd.) which was due to be paid to M/s Mekaster Engineering Limited / M/s Mekaster
International Pvt. Ltd. which was on account of investments made by Amanpreet Singh
Sodhi, Proprietor of M/s Heights International in the Mekaster group for import and
installation of Vapour Recovery Units at HPCL depots located at Kadappa, Bokaro and
Paradeep;
3) Freezure of an amount of Rs. 2,50,000/- of Fixed Deposit No. 50300246855230
dated 18.04.2018 in the name of M/s SRV Infratech Solutions Pvt. Ltd. which was
given to the said company by one another company M/s Prithvi Infradevelopers Pvt.
Ltd. and the source of funds with the latter company being also linked with the
proceeds of crime.
An Original Application (OA) No. 196 of 2018 was filed within 30 days of the said
freezure before the Ld. Adjudicating Authority (PMLA) under the provisions of
Section 17(4) of the PML Act, 2002; that however the adjudication of the said OA is
still pending.
5.4 Proceeds of crime provisionally attached in June, 2018 for which PAO No.
02/2018 dated 29.06.2018 was issued by the Deputy Director, ED, Chandigarh Zonal
Office under the provisions of of 2018 was filed with the Ld. Adjudicating
Authority and the evidence obtained to prove that these are involved in money-
laundering:
During investigation conducted in this matter, the following immoveable properties,
having value of AED 25,45,722.00 (INR 4,72,48,885/- on taking 1 AED as Rs. 18.56)
have been also found to be purchased by the accused Aman Kirpal / Gaurav Kirpal in
UAE which were found to be linked with the proceeds of crime:
Table No. 84
Sr. No.Details of the property1Apartment No. 104, Tower 3, 1st Floor, Type: BB, 1
Bedroom, Total Area: 881.14 sq. feet. (Ajman, UAE) in the name of accusedAman
Kirpal2Apartment No. 107, Tower 3, 1st Floor, Type: A, Bedroom - Studio, Total
Area: 515.60 sq. feet. (Ajman, UAE) in the name of accusedAman Kirpal3Apartment No.
201, Tower 6, 2nd Floor, Type: C, 1 Bedroom, Total Area: 841.10 sq. feet. (Ajman,
UAE) in the name of accusedAman Kirpal4Apartment No. 208, Tower 9, 2nd Floor, Type:
B, Bedroom - Studio, Total Area: 549.29 sq. feet. (Ajman, UAE) in the name of
accusedAman Kirpal5Plot No. XH2849B, Plot Area: 174.80 sq. metres (1881.54 sq. ft.)
with permissible built up area of 151.90 sq. m. (1635 sq. ft.). Building Number:
JNU/SD356/XH2849B & Building Type: U-AB. Community: Akoya Oxygen (Dubai, UAE) in
the name of M/s Besco International FZE, UAE having been purchased on behalf of the
accused Gaurav Kirpal
In this case, however the Original Complaint is yet to be filed, after issuance of
the PAO, before the Ld. Adjudicating Authority under the provisions of sub-section
5 of Section 5 of the PML Act, 2002.
6. Brief Discussion of Evidence relating to Offence of Money Laundering:
The evidence related to money-laundering as unearthed during investigation
comprises of the following:
a) Evidence gathered during recording of statements under Section 50 of the PML
Act, 2002 of the accused, their associates and other witnesses;
b) Evidence arising out of the scrutiny and analysis of the financial transactions
from the bank account statements of the various parties; and
c) The unearthing of the modus-operandi involved by analysis of the re-payments of
the past fraudulent Buyers Credit, in particular the 5 paid Buyers Credit, as per
details mentioned in Table No. 3 above.
The corroborative evidence obtained during investigation alongwith the statements

recorded under Section 50 of the PML Act, 2002 in respect of the various immoveable
/ moveable assets freezed during investigation by the Enforcement Directorate,
Chandigarh Zonal Office have been already discussed supra which clearly revealed
that the said freezed assets have been purchased out of proceeds of crime or would
fall within the definition of proceeds of crime, being owned by the accused. The
modus-operandi adopted by the accused in issuance of the fraudulent Buyers Credit /
LOUs which resulted in generation of the proceeds of crime and their further
laundering through a chain of inter-account transfers have also been discussed
supra.
7. Financial analysis of funds:
7.1 The investigation conducted by the Enforcement Directorate has revealed that
the funds / proceeds of crime generated from cheating out of the Indian Overseas
Bank by way of issuance of fraudulent Buyers Credit / Letters of Credit were
credited into the Bank Account Nos. 848621256838 of M/s Colour Wave (HK) Limited,
Hong Kong, 112433461838 of M/s Colour Wave Limited, Hong Kong and 053148250838 of
M/s Paras International Creations Limited, Hong Kong maintained in HSBC Bank, Hong
Kong; that the proceeds of crime so accumulated therein at Hong Kong was laundered
into the Bank Accounts of the Indian firms / companies of the accused Amanpreet
Singh Sodhi, Gaurav Kirpal / Aman Kirpal and Dinesh Kumar, namely M/s Heights
International, M/s Saibhakti Impex Pvt. Ltd., M/s Best Exports, M/s Keshav
International, M/s Omkara Worldwide Traders Pvt. Ltd., M/s Pioneer Knitting and M/s
Vision Procon. That the said proceeds of crime were found to have been credited
into the bank accounts of the aforesaid firms / companies of the accused either by
way of direct credit to their bank accounts or by routing of the funds / proceeds
of crime through 2 UAE based firms, namely M/s Al Dishu Trading FZE and M/s Besco
International FZE. The UAE based firm M/s Al Dishu Trading FZE is owned by the
accused Dinesh Kumar whereas the UAE based firm M/s Besco International FZE is
owned by one Atul Kumar Garg, an associate of the accused Gaurav Kirpal.
(a) That the firm M/s Heights International in India is proprietorship firm of the
accused Amanpreet Singh Sodhi who also owned / controlled all the business affairs
of the Hong Kong based beneficiary companies M/s Colour Wave (HK) Limited, M/s
Colour Wave Limited and M/s Paras International Creations Limited which were
beneficiaries of the fraudulent Buyers Credit / Letters of Credit issued by the
accused Ashu Mehra. That the proceeds of crime were found to have been mostly
credited into the Indian Overseas Bank A/c No. 028402000012935 of M/s Heights
International with these credits being for an amount of USD 317,85,726.09, the
details of which are as given in Table No. 21. That credit of an amount of USD
1,02,322.19 (INR 55,18,236/-) was also received on 25.03.2013 in the Deutsche Bank
A/c No. 000011188460028 of M/s Heights International from HSBC A/c No. 053148250838
of M/s Paras International Creation Limited. All these foreign inward remittances
in the said 2 bank accounts of M/s Heights International are therefore linked with
(b) That further the accused company M/s Saibhakti Impex Pvt. Ltd. in India is
having the accused Gaurav Kirpal and Aman Kirpal as its directors. That the
proceeds of crime were repatriated into the company M/s Saibhakti Impex Pvt. Ltd.,
besides the other firm / company owned / controlled by him, namely M/s Omkara
Worldwide Traders Pvt. Ltd., M/s Best Exports, M/s Keshav International and M/s
Pioneer Knitting from the Hong Kong based companies M/s Colour Wave (HK) Limited,
M/s Colour Wave Limited and M/s Paras International Creations Limited which were
beneficiaries of the fraudulent Buyers Credit / Letters of Credit issued by the
accused Ashu Mehra either directly or by routing of the same through the 2 UAE
based firms M/s Besco International FZE and M/s Al Dishu Trading FZE. That the
investigation conducted in this matter has also revealed that the proceeds of crime
have been remitted into the bank accounts of the firms / companies owned /
controlled by the accused Gaurav Kirpal and the details of the said bank accounts
are given in Table No. 20. The accused Gaurav Kirpal has been submitting that the
foreign inward remittances so received by him are on account of the exports made by
his firms / companies; that however one Atul Kumar Garg, Partner in the 2 UAE based
firms M/s Besco International FZE and M/s Al Dishu Trading FZE was found to be the
agent / employee of the Gaurav Kirpal with his said 2 UAE based firms being
consignee of most of the consignments exported by the firms / companies of the
accused Gaurav Kirpal; that Atul Kumar Garg used to clear the said export
consignments and sold the same in UAE. He has categorically admitted the over-
valuation being done by the accused Gaurav Kirpal in his exports; that the
investigation conducted by the Directorate of Enforcement has revealed that the
said over-valuation was being resorted by the accused Gaurav Kirpal to repatriate
irregular / differential more funds in the name of export remittances which are
linked with the proceeds of crime.
7.2 That the investigation conducted in this matter has also revealed that proceeds
of crime on account of the fraudulent Buyers Credit were also credited in the
Syndicate Bank Account No. 90361010013353 of one M/s Mekaster Ecosystems Pvt. Ltd.
from HSBC Bank Account No. 112433461838 in Hong Kong of M/s Colour Wave Limited, RM
52 G/F Chunking Mansion, Nathan Rd, Kowloon, details as given in Table No. 35
above. These funds were also utilized by the Mekaster group for import and
installation of vapour recovery units at HPCL depots in Kadappa, Bokaro and
Paradeep.
7.3 The details of the proceeds of crime being credited into the bank accounts of
the accused and their associates are mentioned in detail in Para No. 4.11 supra.
7.4 The following is the flow chart showing the generation of proceeds of crime as
a result of issuance of fraudulent Buyers Credit and Letters of Credit:
####
##
##
##
##
7.5 The following is the flow chart depicting the money trail with respect to the
laundering of the proceeds of crime and their repatriation, on account of the
fraudulent Letters of Credit / Buyers Credit (LOUs), which were utilized both for
making repayments of the fraudulent Buyers Credit as well as for purchase of
moveable and immoveable assets by the accused and their associates:
##
###
#####
##
####
##
The utilization of the proceeds of crime generated as a result of the fraudulent

Letter of Credit issued in the name of the applicant of M/s G G Energy for the
benefit of M/s Joint Cheer Hong Kong Industrial Limited, 903, Dannies House, 20,
Luard Road, Wanchai, Hong Kong is still under progress.
8. Specific role of accused / co-accused person in the commission of offence of
money laundering in terms of Section 3 of PMLA, 2002:
8.1 Role of Accused Ashu Mehra and the firms / companies owned by him , viz. M/s
Mehra & Sons HUF (having Ashu Mehra as its karta), M/s Lease Harbour (having Ashu
Mehra as its proprietor), M/s Global Trade Matrix Pvt. Ltd. & M/s Trade Hub India
Pvt. Ltd. (having Ashu Mehra as its main active Director), M/s Heights
International Tradehub Private Limited and M/s A M Business Ventures Pvt. Ltd.:
(i) The accused Ashu Mehra is the main mastermind, who while working in the
complainant bank, viz. Indian Overseas Bank, Sector 7, Chandigarh, did not take
necessary sanction / approval from the competent authority in the said bank before
issuing fraudulent Buyers Credit / LOUs (through SWIFT messages), including the 14
fraudulent unpaid Buyers Credit, with directions to the funding bank to pay the
Hong Kong based beneficiary company M/s Colour Wave (HK) Ltd. Further, in most
cases the fraudulent LOUs / Buyers Credit were issued by him without sanctioned
limit and entering the same in the CBS system of the bank. He has also undertaken
in all the fraudulent SWIFT messages sent by him that he has collected all KYC /
other documents evidencing the import of goods; that however in actual there has
been no underlying import of goods and futher in case of the unpaid Buyers Credit
no supporting documents were submitted with the IOB. Some of the copies of Bills of
Lading obtained during investigation from the complainant bank, viz. IOB as well as
the Shipping Line / Delivery agent indicate that the accused Ashu Mehra used to
mention the Bills of Lading numbers of live import consignments of other customer
of the Indian Overseas bank so as to dupe the other bank officials.
(ii) That the overseas beneficiary in case of all the unpaid Buyers Credit is
one Hong Kong based accused company M/s Colour Wave (HK) Ltd., having accused
Amanpreet Singh Sodhi as its main Director and Ashu Mehra has admitted in his
statement dated 06.07.2018 recorded under Section 50 of the PML Act, 2002 to be in
criminal conspiracy with him for presenting fraudulent details of Bills of Lading
numbers and goods to be imported while sending fraudulent LOUs through SWIFT
message to the funding bank, viz. PNB, Dubai and Bank of Baroda, Bahamas.
(iii) The accused Ashu Mehra, while working as an Assistant Manager in the Indian
Overseas Bank was also found to have misused the SWIFT message types which are
internationally defined. SWIFT messages are broadly classified into nine categories
according to the type of transactions. Further, within each category there are
several sub-categories. The nine major categories are:
Table No. 85
CategoryMessage Type Name1.Customer Transfer and Cheques2.Financial Institution
Transfer3.Confirmations4.Collections and Cash Letters5.Securities6.Precious metals
& Syndication7.Documentary Credits and Guarantees8.Traveller Cheques9.Cash
Management and Customer StatusThe Category 1 Messages comprises �Customer Transfer
& Cheques� and includes the following types therein:
Table No. 86
Message TypeDescription103Customer Transfer (Sent by the financial institution of
the remitter to the financial institution of the beneficiary. Used only for clean
payments).102Mass Payments110Advice of Cheque/draft issued (Sent by the drawer bank
to the drawee bank confirming the issuance of a cheque or draft)111Request for stop
payment of cheque/draft112Status of request for stop payment190Advice of
charges/interest etc.191Request for payment of interest/charges/other
expenses192Request for cancellation of MT 103195 Queries196Answers to
queries199Free Format
accused Ashu Mehra used wrong type of SWIFT messages, at the time of repayment of
the Buyers Credit, while transmitting it to other institution, viz. funding bank,
e.g for Outward Remittance transactions in Core Banking Software and SWIFT system
he was required to send the message as Category - 1 type i.e. Customer Transfer and
Cheques but while sending swift message to the foreign bank he was required to send
SWIFT messages of TYPE - 2 i.e. "Financial Institution Transfer" which is used for
payment of Buyers Credit." This was done by Ashu Mehra deliberately to evade being
detected by other staff members of the IOB. At the time of lodging in the CBS
system, he lodged the transaction as an Outward Remittance for import payment for
which Category 1 message has to be sent as per IOB guidelines; that however at the
time of sending the SWIFT message the same was fraudulently sent as MT-202 as the
funding banking would have objected to repayment of Buyers Credit if the Category 1
message was sent for the same.
(iv) That the accused Ashu Mehra was alo found to have floated various companies
and one HUF firm; that most of these companies were opened in the names of the co-
accused Dinesh Kumar, Amanpreet Singh Sodhi and his father-in-law Brig. (Retd.) M S
Dullat. The details of these firms / companies are as given below:
a) M/s Global Trade Matrix Pvt. Ltd.:
The said company was incorporated on 13.02.2015 with a paid up capital of Rs.
1,00,000/- divided into 10,000 equity shares of Rs. 10/- each; that the authorized
capital of the said company is Rs. 7,00,00,000/- divided into 70,00,000 equity
shares of Rs. 10/- each. The promoter Directors of this company were Brig. (Retd.)
Malkiat Singh Dullat S/o Bachan Singh Dullat (father-in-law of the main accused
Ashu Mehra, Ex-Manager of IOB), R/o House No. 1563, Sector 34D, Chandigarh � 160022
and Dinesh Kumar S/o Lahori Lal, R/o House No. 3086/1, Sector 47 � D, Chandigarh �
160047 with each one of them having 5000 such equity shares; that on 24.03.2016,
4900 equity shares and 100 equity shares of the said company, held by accused
Malkiat Singh Dullat were transferred to M/s Mehra & Sons (HUF), having Ashu Mehra
as its karta, and Ashu Mehra respectively. Also, 5000 equity shares of the said
company, held in the name of accused Dinesh Kumar were transferred by him in the
name of the HUF firm M/s Mehra & Sons HUF, having Ashu Mehra as its main karta.
This share transfer has resulted in complete control of the said company M/s Global
Trade Matrix Pvt. Ltd. and the assets of the company, which mainly comprises of the
residential premises situated at H. No. 267, Sector 10A, Chandigarh.; that the
investigation conducted by the Directorate of Enforcement has revealed that the
source of funds with the company M/s Global Trade Matrix Pvt. Ltd. for purchase of
the said residential premises was third party transfers (from M/s G.K Enterprises,
M/s Rama Knit Fab and M/s Balaji Enterprises) arranged by the accused Gaurav Kirpal
and also unsecured loans of Rs. 17 crores in the company�s bank account from the
bank accounts of M/s Solaris Chemtech Industries Ltd. which are also linked with
the proceeds of crime. Further, the accused Ashu Mehra has been in receipt of
various funds in the bank accounts of his firm M/s Mehra & Sons HUF which were
further laundered through a chain of inter-account transactions, the details of
which have already been mentioned in the foregoing paras.
b) M/s Lease Harbour:
M/s Lease Harbour is a proprietorship firm of accused Ashu Mehra and the Bank A/c
No. 027261900000341 of this firm in Yes Bank is in receipt of various credit
entries, on account of rental income from properties, linked with proceeds of
crime, one such amount being the receipt of Rs. 7,80,000/- from one Sarla Ahluwalia
on 07.02.2017 as security deposit for the property situated at H. No. 42, SCO No.
42, Sector 7C, Chandigarh. This property situated at H. No. 42, SCO No. 42, Sector
7C, Chandigarh has been acquired by Amanpreet Singh Sodhi out of funds which are
linked with proceeds of crime, the details of which have already been discussed in
the foregoing paras. It is further submitted that during search conducted on
07.04.2017 at the business premises of Ashu Mehra situated at SCO 210 � 211, Third
Floor, Sector 34 � A, Chandigarh � 160022 (details mentioned at Table No. 37)
wherein copy of one Lease Agreement dated 06.01.2017 was resumed; that the said
Lease Agreement has been signed between the accused Amanpreet Singh Sodhi (as first
party) and one Ms. Sarla Ahluwalia (second party) for giving on lease the property
situated at SCO 42, Sector 7, Chandigarh (purchased in the name of the accused
Amanpreet Singh Sodhi and his proprietorship firm M/s Heights International). That
as per the lease agreement, the Lessor was shown to have executed a power of
attorney in favour of M/s Lease Harbour for collecting the lease rent; that also an
amount of Rs. 7,80,000/- was given to the firm M/s Lease Harbour vide Cheque No.
283272 dated 06.01.2017 on account of security deposit. Hence, the investigation by
the Directorate of Enforcement has revealed that the rent of the property situated
at SCO 42, Sector 7, Chandigarh (in the name of the accused Amanpreet Singh Sodhi
for which payments have been made out of proceeds of crime) were to be paid to M/s
Lease Harbour, proprietorship firm of the main accused Ashu Mehra. The same
indicated that the accused Amanpreet Singh Sodhi and Ashu Mehra were in criminal
conspiracy with each other for acquiring the property situated at SCO 42, Sector 7,
Chandigarh out of proceeds of crime and earning rental income on the same.
c) M/s Mehra & Sons HUF:

The firm M/s Mehra & Sons HUF was established by the accused Ashu Mehra. The
investigation conducted in this matter has revealed that M/s Mehra & Sons (HUF) is
an HUF firm of accused Ashu Mehra, having him as its karta. The following assets
were found to have been acquired in the HUF firm M/s Mehra & Sons (HUF):
> Residential property situated at H. No. 3348, Sector 35D, Chandigarh; and
> Freehold Residential House No. 191, Green Avenue, Amritsar (admeasuring 327 Sq.
Yards) bearing Khasra No. 1250/505-506 situated at Tungbala Urban Green Avenue,
Amritsar.
However, investigations in the matter have revealed that M/s Mehra & Sons (HUF)
didnot have sufficient funds to acquire the afore-said properties and had acquired
the afore-said properties after obtaining various third party transfers, having
been arranged / managed by the other accused Gaurav Kirpal, Amanpreet Singh Sodhi
and Dinesh Kumar. The IT returns of Ashu Mehra and his wife of Mrs. Tina Yashdeep
Mehra for the past 5 years is as detailed below:
d) M/s Trade Hub India Pvt. Ltd.

The said company was incorporated on 06.07.2015; that as per share-holding pattern
informed by the ROC office for the FY ending 31.03.2016, 9500 equity shares of the
said company were held by Mehra & Sons (HUF), having Ashu Mehra as its karta, and
the balance 500 equity shares of the said company were held by Neeraj Mehra, own
brother of Ashu Mehra. The share-holding pattern of the said company indicated that
the accused Ashu Mehra had full control of the said company and hence Dinesh Kumar,
the active Director of the said company would in all likelihood work completely on
the directions of the accused Ashu Mehra. The investigation conducted in this case
has indiacted that various advances were made from the said company and immoveable
assets purchased; that advances of Rs. 2,97,50,000/- for purchase of assets were
also made from the said company by Dinesh Kumar as per say of accused Ashu Mehra to
one Mahabir Singh and Dr. Gaurav Gupta (details as mentioned in Para No. 4.21
above) for which the fixed deposits of the beneficiaries were freeze and OA No. 161
of 2018 filed in the said matter was confirmed by the Ld. Adjudicating Authority
(PMLA).
e) M/s Heights International Tradehub Private Limited and M/s AM Business Ventures
Pvt. Ltd.:
The said company was incorporated on 07.09.2015 and is having the accused Ashu
Mehra as its director. The credits in its bank accounts are linked with the
proceeds of crime, having been arranged by the accused Ashu Mehra and Amanpreet
Singh Sodhi.
(v) During investigation, statement dated 11.05.2017 of Ashu Mehra was also
recorded under Section 50 of the PML Act, 2002 wherein he has admitted to the
ownership of the afore-said properties. That during the recording of his this
statement, he was specifically enquired about the source of income / funds with M/s
Mehra & Sons (HUF) & M/s Global Trade Matrix Pvt. Ltd. to which he stated that M/s
Global Trade Matrix Pvt. Ltd. received a total of Rs. 17 crores as unsecured loans
from M/s Solaris Chemtech Ltd., First Floor, 1st India Place, Tower C, Mehrauli,
Gurgaon Road, Gurgaon 122002 (having Registered Office at Thapar House, 124,
Janpath, New Delhi 110001) for purpose of agri-trade and pharmaceutical raw
materials for which no re-payment time was decided nor any interest was to be given
during the re-payment of said unsecured loan also that no agreement was signed for
the grant of the said unsecured loan. He has further admitted to have received
unsecured loans in M/s Mehra & Sons (HUF) from Global Trade Matrix Pvt. Ltd. The
investigation conducted has further revealed that for purchase of the property
situated at H. No. 267, Sector 10A, Chandigarh (measuring 809.09 sq. yards),
various third party payments from firms M/s G.K.Enterprises, M/s Rama Knit Fab and
M/s Balaji Enterprises, were made to the seller of the said property Ms. Shashi
Jain; that the said payments were made even before the incorporation and opening of
the bank account of the said company M/s Global Trade Matrix Pvt. Ltd. The owner of
the said three firms are not traceable. Summons issued to them have returned
undelivered. The investigation conducted has also revealed that the Bank Account
No. 200999956788 of the company M/s Global Trade Matrix Pvt. Ltd. was opened in
IndusInd Bank, Sector 35, Chandigarh on 27.03.2015 and funds of Rs. 17 crores were
credited in the said account from the bank accounts of M/s Solaris Chemtech
Industries Ltd. Utilizing these funds M/s Global Trade Matrix Pvt. Ltd. had made
balance payments of a total amount of Rs. 5,69,50,600/- (Rs. 5,24,50,600/- on
account of payment for the afore-said property, Rs. 7,50,000/- for TDS and Rs.
37,50,000/- for stamp duty) for purchase of property situated at House No. 267,
Sector 10A, Chandigarh. Investigation conducted has also revealed that behind the
said grant of unsecured loans by M/s Solaris Chemtech Industries Ltd., there has
been fraudulent transfer of money from M/s Colour Wave (HK) Ltd. (the accused
company which is the main beneficiary of the proceeds of crime on account of
fraudulent buyers credit transfers) to M/s Solaris Chemtech Industries Ltd. through
its Singapore based sister company, namely M/s Mirabelle Trading Pte Ltd.
Investigation was also made regarding the incorporation and share-holding pattern
of M/s Global Trade Matrix Pvt. Ltd.
8.2 Role of Accused Dinesh Kumar alongwith his firm M/s Vision Procon (having
Dinesh Kumar as its proprietor), M/s Dinesh Kumar & Sons HUF (having Dinesh Kumar
as its karta) and his UAE based proprietorship firm M/s Al Dishu Trading FZE:
(i) The accused Dinesh Kumar is proprietor of M/s Vision Procon, an applicant
Indian importer firm, for fraudulent Buyers Credit. The following 8 unpaid Buyers
Credit / LOUs, of a total amount of USD 2,51,37,360.00, were issued in the name of
the said import firm M/s Vision Procon, having the overseas supplier M/s Colour
Wave (HK) Ltd. as its beneficiary:
Table No. 87
Sr. No. Buyers Credit details BC BankAmount in USD Due date of BC1284/MISCIN/23/15
dt. 20.07.2015PNB, Dubai3,048,53001-Jul-162284/MISCIN/39/15 dt. 03.08.2015BOB,
Bahamas3,100,90321-Jul-163284/MISCIN/40/15 dt. 03.08.2015BOB, Bahamas2,298,37624-
Jul-164284/MISCIN/41/15 dt. 11.08.2015PNB, Dubai3,274,65327-Jul-165284/MISCIN/02/16
dt. 08.01.2016PNB, Dubai3,452,43013-Dec-166284/MISCIN/04/16 dt. 25.01.2016PNB,
Dubai3,374,86509-Jan-177284/MISCIN/05/16 dt. 25.01.2016PNB, Dubai3,452,14316-Jan-
178284/MISCIN/07/16 dt. 05.02.2016PNB, Dubai3,135,46028-Jan-17TOTAL2,51,37,360
(ii) The accused Dinesh Kumar has admitted in his various statements, recorded
under Section 50 of the PML Act, 2002, to be working on the directions of the main
accused Ashu Mehra. He was also found to have established one firm M/s Al Dishu
Trading FZE in UAE; that in the said UAE based firm, there were receipt of various
foreign inward remittances from Hong Kong based company M/s Colour Wave (HK) Ltd.
which are linked to the proceeds of crime. That these proceeds of crime were then
remitted from M/s Al Dishu Trading FZE, UAE into India in various export firms of
the accused Gaurav Kirpal, namely M/s Saibhakti Impex Pvt. Ltd., M/s Best Exports,
M/s Omkara Worldwide Traders Pvt. Ltd. and M/s Pioneer Knitting besides some
remittances being also sent to M/s Heights International. In this regard, it is
submitted that one statement dated 28.09.2017 of accused Dinesh Kumar, Proprietor
of M/s Vision Procon, was recorded under Section 50 of the PML Act, 2002 wherein he
has inter-alia stated that he had bank account statements pertaining to Account No.
019100071821 (maintained in USD currency) of his proprietorship firm M/s Al Dishu
Trading FZE, having address at SM Office H 1 Bldg Office No. 231 C, Ajman Free Zone
Area, St. Ajman Free Zone, Nr. Ajman Port, PO Box 50424, Ajman Emirate, Ajman for
the following periods:
1) September, 2014 to February, 2014;
2) March, 2015 to August, 2015; and
3) September, 2015 to December, 2015.
Dinesh Kumar has further admitted in his this statement that the afore-said bank
account of M/s Al Dishu Trading FZE was opened in Mashreq Bank in UAE on 15.09.2014
and further that all inward remittances in the USD Bank Account No. 019100071821 of
M/s Al Dishu Trading FZE has been received from Hong Kong based company M/s Colour
Wave (HK) Ltd., having accused Amanpreet Singh Sodhi as its main Director; that
upon receipt of inward remittances / funds from M/s Colour Wave (HK) Ltd., Hong
Kong, he further transferred these amounts to the benefit of the following Indian
export firms / companies as per say of Ashu Mehra, namely M/s Omkara Worldwide
Traders Pvt. Ltd., M/s Heights International, M/s J and S Exports, M/s Pioneer
Knitting, M/s Sai Bhakti Impex Pvt. Ltd., M/s Keshav International, M/s Best
Exports, etc. The accused Dinesh Kumar has further submitted that except for M/s
Heights International, accused Gaurav Kirpal was in touch with accused Ashu Mehra
for making payments to the said Indian beneficiary export firms / companies. He has
also submitted herein that Gaurav Kirpal and M/s Heights International may be
adjusting these payments made by M/s Al Dishu Trading FZE by showing them to be the
foreign remittances, having been received by him corresponding to the exports made
by their firms / companies; that the same cannot be true as M/s Al Dishu Trading
FZE (having him as proprietor) had never imported any goods from the afore-said
Indian export firms / companies and neither M/s Al Dishu Trading FZE was in receipt
of any money from the overseas buyers of the afore-said Indian export firms /
companies for making any third party payments. He has therefore stated that all
these transfer of money / funds from afore-said USD Bank Account No. 019100071821
of M/s Al Dishu Trading FZE in Mashreq Bank to the afore-said Indian export firms /
companies was made out of the remittances received by their firm from M/s Colour
Wave (HK) Ltd. without any underlying movement / trade of goods between their firm
M/s Colour Wave (HK) Ltd. as well as with the afore-said Indian export firms /
companies. Another statement dated 28.09.2017 of the accused Dinesh Kumar was also
recorded under Section 50 of the PML Act, 2002, to establish his role in laundering
the proceeds of crime through his UAE based firm M/s Al Dishu Trading FZE, wherein
he has inter-alia stated that as per the bank account statement pertaining to the
period September, 2014 to December, 2015, an amount of USD 22185301.96 was credited
in his said bank account during that period; that all the funds in the Bank Account
No. 019100071821 (maintained in USD currency) of M/s Al Dishu Trading FZE in
Mashreq Bank in UAE was received from the Hong Kong based company M/s Colour Wave
(HK) Ltd.; that the funds were received in the Bank Account No. 019100071821
(maintained in USD currency) of M/s Al Dishu Trading FZE in Mashreq Bank in UAE
from the Hong Kong based company M/s Colour Wave (HK) Ltd. without any specified
reason; that no trade / import / export activity was undertaken between the said
two firms for the said transfer of funds; that he used to be informed about the
said transfer of funds from M/s Colour Wave (HK) Ltd. into bank account of M/s Al
Dishu Trading FZE by accused Ashu Mehra; that Ashu Mehra was further in touch with
Amanpreet Singh Sodhi for information related to the said transfer of funds; that
the said funds were mostly utilized for sending further foreign remittances in
India to the bank accounts of the firm M/s Heights International and also to the
Indian firms owned / controlled by Gaurav Kirpal (accused), namely M/s Keshav
International, M/s Omkara Worldwide Traders Pvt. Ltd., M/s Pioneer Knitting, M/s
Sai Bhakti Impex Pvt. Ltd. and M/s Best Exports and one transfer of an amount of
USD 269294.25 to one Indian firm M/s J and S Export on 29.09.2015 as per say of
Gaurav Kirpal (accused); that the said transfers were also not backed by any
trade / export / import transactions between M/s Al Dishu Trading FZE and the firm
M/s Heights International and the Indian firms owned / controlled by Gaurav Kirpal
(accused) and with M/s J and S Export; that no imports were made by M/s Al Dishu
Trading FZE from M/s Heights International and also from the Indian firms owned /
controlled by Gaurav Kirpal (accused), namely M/s Keshav International, M/s Omkara
Worldwide Traders Pvt. Ltd., M/s Pioneer Knitting, M/s Sai Bhakti Impex Pvt. Ltd.
and M/s Best Exports; that if any export documents are produced by Amanpreet Singh
Sodhi (accused) and Gaurav Kirpal (accused) then he submitted that their firm M/s
Al Dishu Trading FZE has never received any export goods from them; that further
M/s Al Dishu Trading FZE had also not given any authority to any other person /
entity to receive the said import goods, if any. It was further submitted that M/s
Al Dishu Trading FZE had never imported or exported any goods from any firm /
company at any point of time.
Hence, the investigation conducted by the Directorate of Enforcement has clearly

revealed that the accused Dinesh Kumar worked in criminal conspiracy with the other
accused, namely Ashu Mehra, Amanpreet Singh Sodhi and Gaurav Kirpal for laundering
of the proceeds of crime so accumulated in the HSBC account of M/s Colour Wave (HK)
Ltd. to India through his UAE based firm M/s Al Dishu Trading FZE. The details of
the foreign inward remittances so repatriated to the various Indian export firms /
companies in India by M/s Al Dishu Trading FZE, UAE is as given in Para No. 4.11;
that the details of the said IRs as received by the various Indian firm / companies
which find mention in Para No. 4.11 may not be exhaustive and any further details
obtained during further investigation would be brought into the knowledge of the
Hon�ble Court.
(iii) Apart from the above, the investigation conducted so far has also revealed
that the accused Dinesh Kumar worled as an authorized signatory of M/s Heights
International and while working as the same, he signed and submitted various
letters to the Indian Overseas Bank authorizing the re-payments of the past
fraudulent Buyers Credit, issued by the accused Ashu Mehra, by debiting the Indian
Overseas Bank Account No. 028402000012941 of M/s Heights International. The details
of few such re-payments have been already mentioned in Para No. 4.4.
(iv) The investigation conducted has also revealed that the firm M/s Vision Procon
was used by the other accused Ashu Mehra, Gaurav Kirpal and Amanpreet Singh Sodhi
to launder the proceeds of crime amongst themselves by way of several transfers in
the name of bogus bills of fabrics or sometimes even without any trade documents;
that the said bogus credits were also used by the accused for transferring the
proceeds of crime amongst themselves. M/s Vision Procon is also in direct receipt
of proceeds of crime, details as given in Table No. 23, for which no proper purpose
for the receipt of said remittance could be given by the account holder. That
beside the above, the firm M/s Vision Procon is also in receipt of funds of an
amount of Rs. 15.30 crores in its Bank A/c No. 65217110302 of M/s Vision Procon
maintained in State Bank of India (earlier State Bank of Patiala, Ludhiana) as per
details given in Table No. 64 supra. That the said funds are also linked with the
proceeds of crime which were laundered through a chain of inter-account transfers
for acquiring various properties by the accused. That funds of an amount of Rs. 4.5
lakhs, linked with proceeds of crime, from the IndusInd bank account of M/s Vision
Procon were also utilized by the accused Dinesh Kumar for making re-payments for
closure of loan accounts in respect of his property situated at 3086/1, Sector 47D,
Chandigarh, the details of which have already been discussed in the foregoing
paras.
(v) On the other hand, there have been similar inter-account transfers from the
proceeds of crime in the bank accounts of the firm M/s Dinesh Kumar & Sons HUF
which were also utilized for purchase of various assets, details of which have been
already mentioned in the foregoing paras.
(vi) The accused Dinesh Kumar established one proprietorship firm, namely M/s Al
Dishu Trading FZE in UAE to launder the proceeds of crime so accumulated in M/s
Colour Wave (HK) Ltd. through the said firm in UAE to India to the bank accounts of
the various beneficiary export firms / companies in India which were owned /
controlled by the accused Amanpreet Singh Sodhi and Gaurav Kirpal, namely M/s
Heights International, M/s Pioneer Knitting, M/s Keshav International, M/s Best
Exports, M/s Saibhakti Impex Pvt. Ltd., M/s Omkara Worldwide Traders Pvt. Ltd.,
besides one remittance being also sent to M/s J & S Exports; that these remittances
sent by M/s Al Dishu Trading FZE is not backed by any valid trade transaction. This
firm is responsible for routing the proceeds of crime so accumulated in the HSBC
account of M/s Colour Wave (HK) Ltd. to the other Indian export firms / companies
of Gaurav Kirpal. Atul Kumar Garg, Partner of M/s Besco International FZE has
admitted to have done the same on the instructions of the accused Gaurav Kirpal. He
has further submitted to have repatriated the same on account of the over-valued
exports of the firms / companies of the accused Gaurav Kirpal.
8.3 Role of accused Amanpreet Singh Sodhi alongwith his firm M/s Heights
International, company M/s Geoxa Steels Pvt. Ltd., M/s Geoxa Foods Private Limited
(OPC), M/s Colour 9 Productions LLP and M/s Ludhianvi Tigers Private Limited:
(i) The investigation conducted so far has revealed that the accused Amanpreet
Singh Sodhi is the proprietor of M/s Heights International, applicant Indian
importer for various fraudulent Buyers Credit issued in its name. The following 4
unpaid Buyers Credit / LOUs, of a total amount of USD 1,26,61,716.00, were issued
in the name of the said import firm M/s Heights International, having the overseas
supplier M/s Colour Wave (HK) Ltd. as its beneficiary:
Table No. 88
Sr. No. Buyers Credit (BC) Reference No. BC BankAmount in USD Due date of
BC1284/MISCIN/45/15 dt. 08.08.2015PNB, Dubai3,126,97205-Aug-162284/MISCIN/33/15 dt.
11.08.2015PNB, Dubai2,998,13016-Aug-163284/MISCIN/52/15 dt. 24.09.2015BOB,
Bahamas3,268,30708-Sep-164284/MISCIN/52/15 dt. 05.10.2015PNB, Dubai3,268,30720-Sep-
16TOTAL1,26,61,716
(ii) That besides the above, the accused Amanpreet Singh Sodhi is also Director of
the Hong Kong based beneficiary company M/s Colour Wave (HK) Ltd., which is the
actual beneficiary of all the 14 unpaid fraudulent Buyers Credit / LOUs.
(iii) The investigation conducted in this matter has revealed that the accused
Amanpreet Singh Sodhi was actively involved with the other co-accused, namely Ashu
Mehra, Gaurav Kirpal and Dinesh Kumar, in the said Buyers Credit fraud at the
Indian Overseas Bank. He was also involved in obtaining offer letters for the said
fraudulent Buyers Credit from the funding banks, viz. Punjab National Bank, Dubai
and Bank of Baroda, Bahamas, through one Nitin Girdhar of M/s Nextgen Financial
Services. In his statement dated 28.07.2017, the accused Amanpreet Singh Sodhi has
specifically admitted that the overseas banks, viz. Bank of Baroda, Bahamas and
Punjab National Bank, Dubai, were never directly approached for the said disbursals
of the amounts on account of buyers credit to the various firms / companies for
which swift message had been sent by the accused Ashu Mehra to the said overseas
banks; that initially accused Ashu Mehra was in touch with one lady Mrs. Gagandeep
Kaur (who worked as a broker / buyers credit arranger) for obtaining quote through
offer letter from the overseas banks but later on the accused Ashu Mehra asked him
(Amanpreet) to contact some other broker / buyers credit arranger for further
business and later on informed him (Amanpreet) that there is one Buyers Credit
arranger in the name of M/s Nextgen Financial Services whose full details are
available on website; that he (Amanpreet) contacted 2 or 3 buyers credit arranger
out of which he (Amanpreet) shortlisted M/s Nextgen Financial Services as their
rates were cheaper; that he also contacted Nitin Girdhar of M/s Nextgen Financial
Services after obtaining his contact details from the website; that thereafter, all
the offer letters for obtaining Buyers Credit from Indian Overseas Bank, Chandigarh
were arranged by him through M/s Nextgen Financial Services; that these Buyers
Credit offer letters were obtained for different Indian applicant importer firms /
companies which included M/s Heights International, M/s Best Exports, M/s Omkara
Worldwide Traders Pvt. Ltd., M/s G G Energy Pvt. Ltd., M/s Vision Procon, M/s Sai
Bhakti Impex Private Limited, etc.; that he used to email these offer letters to
the accused Ashu Mehra to his different email ids, both personal and official; that
the payments were made to M/s Nextgen Financial Services in cash for the services
rendered by them.
(iv) The accused Amanpreet Singh Sodhi has also admitted to have remitted the funds
/ proceeds of crime, so accumulated into the HSBC accounts of the Hong Kong based
companies M/s Colour Wave (HK) Ltd., M/s Colour Wave Limited and M/s Paras
International Creation Limited, to India either directly or by routing the same
through the 2 UAE based firms, namely M/s Besco International FZE and M/s Al Dishu
Trading FZE. He has also admitted in his this statement to have laundered the
proceeds of crime accumulated in the Account No. 053-148250-838 of M/s Paras
International Creations Limited maintained in HSBC Bank, Hongkong, documents (viz.
TT copies) pertaining to which were seized during search conducted by Directorate
of Enforcement on 07.04.2017.
(v) The accused Amanpreet Singh Sodhi has in specific admitted in his this
statement dated 24.04.2017 of having transmitted funds from Business Integrated
Account USD Savings No. 053-148250-838 of M/s Paras International Creation Limited
to the various other accounts of other persons/companies/firms in abroad as well as
in India which he used to do on instructions beneficiaries of Indian origin to
various other accounts on commission basis.
(vi) He has acquired various properties which are directly linked out of proceeds,
details of which have already been discussed in the foregoing paras.
(vii) That apart from M/s Colour Wave (HK) Ltd., the accused Amanpreet Singh Sodhi
was also found to have been the Director / Authorized Signatory in 2 other Hong
Kong based companies, namely M/s Colour Wave Limited and M/s Paras International
Creations Limited, and all the proceeds of crime were first credited in the HSBC
bank accounts of these Hong Kong based companies only before being remitted to the
other beneficiaries through money-laundering.
(viii) Besides the above, the Hong Kong based companies of Amanpreet Singh Sodhi
was also found to have been beneficiary of the fraudulent LCs (Letters of Credit)
in the past.The accused Amanpreet Singh Sodhi thereafter repatriated the proceeds
of crime to the various beneficiaries.
(ix) The proceeds of crime generated as a result of the said fraudulent LOUs / LCs
were first credited by the overseas funding banks in the HSBC Bank Accounts of
three companies M/s Colour Wave Limited, M/s Colour Wave (HK) Ltd. and M/s Paras
International Creations Limited, all owned and controlled by the accused Amanpreet
Singh Sodhi. The said proceeds of crime were then remitted for the benefit of the
various accused in India; that proceeds of crime were also found to have been
remitted to various accused firms / companies in India, either directly or by
routing the same through bank accounts of two firms M/s Besco International FZE
(belonging to Atul Kumar Garg, an associate of Gaurav Kirpal) and M/s Al Dishu
Trading FZE (belonging to the accused Dinesh Kumar) in UAE, by resorting to trade-
based money laundering.
(x) M/s Heights International is proprietorship firm of the accused Amanpreet Singh
Sodhi wherein besides issuance of several fraudulent LOUs, various foreign inward
remittances were also found to have been credited as per details mentioned in Para
No. 4.21. These foreign inward remittances are also linked with the proceeds of
crime.
(xi) M/s Geoxa Steels Pvt. Ltd. is a company having the accused Amanpreet Singh as
its director. This company was incorporated on 01.05.2012 as M/s Geoxa Green Energy
Pvt. Ltd. The said company is owned / controlled by the accused Amanpreet Singh
Sodhi. In his statement dated 29.12.2017, the accused Amanpreet Singh Sodhi has
admitted that M/s Geoxa Steels Pvt. Ltd. had availed a cash credit loan of Rs. 8
crores and another term loan of Rs. 6.50 crores was availed by his firm M/s Geoxa
Logistics; that for the same the 5 properties, as per details mentioned in Table
No. 48, were pledged with the Andhra Bank, Miller Ganj, Ludhiana as collaterals.
The investigation conducted in this matter has revealed that the said properties
were also acquired out of proceeds of crime. During investigation conducted by the
Directorate of Enforcement, documents pertaining to Annual Returns (AOC-4) of the
company M/s Geoxa Steels Pvt. Ltd. were obtained from the Registrar of Companies;
that perusal of the same revealed that the said company has accepted unsecured loan
of an amount during FY 2016-17 from accused Amanpreet Singh Sodhi of an amount of
Rs. 3,56,10,000.00; that however funds available with the accused Amanpreet Singh
Sodhi are linked with the proceeds of crime. The source of funds in the Andhra Bank
accounts of the said company have been found during investigation to be completely
out of proceeds of crime.
(xii) M/s Geoxa Foods Private Limited (OPC): The said company is holding an
immoveable property which are also linked with the proceeds of crime, the details
of which are already discussed in the foregoing paras.
(xiii) M/s Color 9 Productions LLP: The said is a limited liability partnership
firm, being run by the accused Amanpreet Singh Sodhi and perusal of its bank
account statements reveal that the accused Amanpreet Singh Sodhi has invested a lot
of funds in the Andhra Bank Account No. 034011100005118 of the said LLP firm; that
however the source of funds available with the accused Amanpreet Singh Sodhi are
completely out of proceeds of crime.
(xiv) M/s Ludhianvi Tigers Private Limited: The said company is also being run by
the accused Amanpreet Singh Sodhi and perusal of its bank account statements reveal
that the accused Amanpreet Singh Sodhi has invested a lot of funds in the Andhra
Bank Account No. 034011100004492 of the said company; that however the source of
funds available with the accused Amanpreet Singh Sodhi have been found during
investigation to be completely out of proceeds of crime.
8.4 Role of Accused M/s Saibhakti Impex Pvt. Ltd. alongwith its Directors Gaurav
Kirpal & Aman Kirpal alongwith the firms / companies owned / controlled by the
accused Gaurav Kirpal:
(i) The accused company M/s Saibhakti Impex Pvt. Ltd. was also found to be
applicant Indian importer for various fraudulent Buyers Credit issued in its name.
The following 3 unpaid Buyers Credit / LOUs, of a total amount of USD
1,00,64,965.00, were issued in the name of the said import company M/s Saibhakti
Impex Pvt. Ltd., having the overseas supplier M/s Colour Wave (HK) Ltd. as its
beneficiary:
Table No. 89
Sr. No. Buyers Credit (BC) Reference No. BC BankAmount in USD Due date of
BC1284/MISCIN/56/15 dt. 27.11.2015PNB, Dubai3,372,68001-Nov-162284/MISCIN/55/15 dt.
27.11.2015PNB, Dubai3,197,95511-Nov-163284/MISCIN/09/16 dt. 10.02.2016PNB,
Dubai3,494,33016-Dec-16TOTAL1,00,64,965
Besides the above, the accused company M/s Saibhakti Impex Pvt. Ltd. was also found
to have been in receipt of various foreign inward remittances from the Hong Kong
based beneficiaries M/s Colour Wave (HK) Ltd., M/s Colour Wave Limited and M/s
Paras International Creations Limited either directly or by routing the said funds
FZE, details of which are mentioned in Para No. 4.11 above. These proceeds of crime
have been laundered through a chain of inter-account transactions by the accused
Gaurav Kirpal out of which moveable and immoveable assets were acquired in the
various companies owned / controlled by him.
(ii) The accused Aman Kirpal and Gaurav Kirpal are both directors in the company
M/s Saibhakti Impex Pvt. Ltd. and therefore the 3 unpaid Buyers Credit / LOUs, of a
total amount of USD 1,00,64,965.00, issued in the name of the afore-said import
company M/s Saibhakti Impex Pvt. Ltd. and both are therefore liable on behalf of
the said company for its re-payment before due date. The said directors have also
been found to be the beneficiary of the proceeds of crime which were laundered by
the acused for acquiring various assets.
(iii) The accused Gaurav Kirpal has been found to be denyingof having any knowledge
of the issuance of fraudulent Buyers Credit in the name of his company M/s
Saibhakti Impex Pvt. Ltd. However, the investigation conducted in this matter has
revealed that the firms / companies owned / controlled by him, viz. M/s Best
Exports, M/s Keshav International, M/s Pioneer Knitting, M/s Omkara Worldwide
Traders Pvt. Ltd. and M/s Saibhakti Impex Pvt. Ltd., were in receipt of proceeds of
crime from the Hong Kong based companies M/s Paras International Creation Limited,
M/s Colour Wave Limitd and M/s Colour Wave (HK) Limited either directly or by
routing of the same through the 2 UAE based companies M/s Besco International FZE
and M/s Al Dishu Trading FZE. That in this regard one Atul Kumar Garg, Partner of
M/s Besco International FZE, has admitted in his statement dated 16.10.2017
recorded under Section 50 of the PML Act, 2002 to be in receipt of proceeds of
crime from the Hong Kong based company M/s Colour Wave (HK) Limited and of having
further remitted the amounts so received, as per say of Gaurav Kirpal, to the
export firms / companies of Gaurav Kirpal in India. Similar admission has also been
made by accused Dinesh Kumar with respect to his UAE based firm M/s Al Dishu
Trading FZE, details of which have been already discussed in Para No. 9.2. Atul
Kumar Garg of M/s Besco International FZE, UAE has also admitted in his further
statement dated 27.11.2017 to the fact that the accused Gaurav Kirpal used to
considerably over-value his export goods to account for the receipt of excessive
payments from M/s Colour Wave (HK) Ltd. which was routed through M/s Besco
International FZE, UAE. That further, statement dated 23.10.2017 of Gaurav Kirpal
was also recorded under Section 50 of the PML Act, 2002 was also recorded wherein
he has inter-alia stated that:
a) initially, in the year 2013, they received certain payments from the Hong Kong
based companies M/s Paras International Creations Ltd. and M/s Colour Wave Ltd. in
the Indian Overseas Bank accounts of M/s Saibhakti Impex Pvt. Ltd. and M/s Omkara
Worldwide Traders Pvt. Ltd. respectively;
b) thereafter, in the year 2014, the money was received only from HSBC bank account
of M/s Colour Wave (HK) Ltd. in Hong Kong.; that for the same, money was
transferred first from the said bank account of M/s Colour Wave (HK) Ltd. in Hong
Kong to the bank account of M/s BESCO International FZE (maintained in RAKBANK,
UAE) and that thereafter, Atul Kumar Garg of M/s Besco International FZE, used to
further transfer this amount to the various export firms / companies owned /
controlled by him (Gaurav Kirpal) as foreign remittances for the export shipments
sent by his said firm / companies to M/s BESCO International FZE;
c) Atul Kumar Garg (of M/s BESCO International FZE) used to further issue Invoices
(of the goods exported by his firms / companies) in UAE itself to M/s Colour Wave
(HK) Ltd. showing their further sale in order to justify the receipt of various
remittances in M/s BESCO International FZE from M/s Colour Wave (HK) Ltd.;
d) he was first introduced to the Amanpreet Singh Sodhi (accused), Director of Hong
Kong based company M/s Colour Wave (HK) Ltd., by Ashu Mehra (accused) in the year
2013; that thereafter, Amanpreet Singh Sodhi (accused) used to inform him about the
payments which were made from M/s Colour Wave (HK) Ltd. to M/s BESCO International,
FZE which was further informed by him to Atul Kumar Garg of M/s BESCO International
FZE, in order to ask him (Atul) to pay him (Gaurav) for the exports made by him
(Gaurav);
e) in this manner the payments were being further transferred by Atul Kumar Garg of
M/s BESCO International FZE, as per his (Gaurav�s) say, on account of the
realization of the export proceeds in respect of the various exports made by
firms / companies owned / controlled by him (Atul) to M/s BESCO International FZE;
f) he had requested Atul Kumar Garg in 2010 to work with him (Gaurav) on commission
basis as earlier he had exported goods to one George in Dubai but didnot receive
payment for the said exports; that thereafter, immediately Atul Kumar Garg opened
one firm M/s BESCO International FZE in UAE in the name of his wife Mrs. Rashmi
Garg and started exporting goods to various consignees; that however in each case
M/s BESCO International FZE acted as buyer and was entrusted with the
responsibility of collecting payments from the consignee and thereafter remitting
the payments / remittances on account of export proceeds to his (Gaurav�s) export
firms / companies in India; that for that work, Atul Kumar Garg used to receive
commission of 2 � 3% from him (Gaurav) which he used to deduct from the payments
received from the consignees;
g) for the said commission obtained by Atul Kumar Garg, apart from the afore-said
work, Atul Kumar Garg used to also act on his (Gaurav�s) behalf in UAE for ensuring
warehousing work in godown, customs clearing of his export goods in UAE, delivery
expenses, looking after damages / shortages of the export goods and also
promotion / sales of my export goods;
h) he had received the various foreign inward remittances in the following bank
accounts of the export firms / companies owned / controlled by him:
Table No. 90
Sr. No.Name of the export firm / companyBank Account No.Name of the bank and its
bank branch1M/s Sai Bhakti Impex Pvt. Ltd.200002348623IndusInd Bank,
Ludhiana028402000012769Indian Overseas Bank, Sector 7, Chandigarh65215642487State
Bank of Patiala, Bharat Nagar Chowk, Ludhiana2M/s Best Exports200002366344IndusInd
Bank, Ludhiana028402000012799Indian Overseas Bank, Sector 7,
Chandigarh000024437110019Deutsche Bank3M/s Omkara Worldwide Traders Pvt.
Ltd.200999576405IndusInd Bank, Ludhiana028402000012902Indian Overseas Bank, Sector
7, Chandigarh4M/s Keshav International028402000012948Indian Overseas Bank, Sector
7, Chandigarh5M/s Pioneer Knitting200999917208IndusInd Bank,
Ludhiana028402000012968Indian Overseas Bank, Sector 7, Chandigarh
(iv) It is further submitted that the accused Gaurav Kirpal has been not admitting
specifically to be aware of the Buyers Credit fraud; that however certain evidence
regarding re-payments made from the IOB Account of his proprietorship firm M/s Best
Exports in respect of one Buyers Credit issued to M/s G G Energy Pvt. Ltd. was
found; that it was also noticed that the accused Gaurav Kirpal had manipulated the
said entries while filing of his Balance Sheets. Accordingly, finally statement
dated 04.06.2018 of accused Gaurav Kirpal was recorded under Section 50 of the PML
Act, 2002 (copy of which is Anexure C � 311), wherein he inter-alia stated that:
a) on being shown Ledger Account of M/s Saibhakti Impex Pvt. Ltd. with M/s Global
Trade Matrix Pvt. Ltd. for the Financial Year 2015 � 16 which showed that M/s
Saibhakti Impex Pvt. Ltd. had made payments of amounts of Rs. 1,25,00,000/- to M/s
Global Trade Matrix Pvt. Ltd. vide 3 transfers, one dated 16.03.2016 of an amount
of Rs. 25,00,000/- from IndusInd Bank Account No. 200002348623 of M/s Saibhakti
Impex Pvt. Ltd., second dated 17.03.2016 and third dated 19.03.2016 of amounts of
Rs. 50,00,000/- each from IOB Bank Account No. 028402000012769 of M/s Saibhakti
Impex Pvt. Ltd. to M/s Global Trade Matrix Pvt. Ltd., he stated that the source of
funds with M/s Saibhakti Impex Pvt. Ltd. for making the said payment was Inward
Remittance TT of amount of USD 345695.51 (equivalent to Rs. 2,32,63,010/-) received
from M/s Al Dishu Trading FZE, UAE;
b) the said payments received from M/s Al Dishu Trading FZE, UAE has been adjusted
by them as third party payments against export bills raised by M/s Saibhakti Impex
Pvt. Ltd. for export of goods and also that they used the said funds for making
further payments to M/s Global Trade Matrix Pvt. Ltd. besides M/s Trade Hub India
Pvt. Ltd. as advance payments for purchase of fabrics;
c) they didnot receive any fabrics from the two companies M/s Global Trade Matrix
Pvt. Ltd. and M/s Trade Hub India Pvt. Ltd. and the said payments remitted by them
still stand as advance in their book of accounts; that both the companies M/s
Global Trade Matrix Pvt. Ltd. and M/s Trade Hub India Pvt. Ltd. had Dinesh Kumar as
its Directors; that further Dinesh Kumar used to transact in his these companies as
per advice and say of Ashu Mehra; that he was in contact of both the accused Ashu
Mehra and Dinesh Kumar for making said advance payments to the two companies M/s
Global Trade Matrix Pvt. Ltd. and M/s Trade Hub India Pvt. Ltd. for purchase of
fabrics;
d) as per Ledger Account of M/s Best Exports with M/s Global Trade Matrix Pvt. Ltd.
for the Financial Year 2015 � 16 it had been shown that payments of an amount of
Rs. 1,25,00,000/- on 23.07.2015 and another total payment of an amount of Rs.
19,14,00,000/- were made on 27.07.2015 in Indian Overseas Bank Account No.
028402000012799 of M/s Best Exports from M/s Global Trade Matrix Pvt. Ltd.; that he
had been shown bank account statements of Indian Overseas Bank Account No.
028402000012799 of M/s Best Exports and IndusInd Bank Account No. 200999956788 of
M/s Global Trade Matrix Pvt. Ltd.; that upon seeing the said account statements, he
stated that not all afore-said credits were received by M/s Best Exports from M/s
Global Trade Matrix Pvt. Ltd. and that the following is the narration depicting the
credits received on 23.07.2015 and 27.07.2015 in the Indian Overseas Bank Account
No. 028402000012799 of M/s Best Exports:
Table No. 91
Sr. No.DateCreditRemarks123.07.20151,25,00,000Received by RTGS from State Bank of
Patiala (now SBI) Account of M/s Vision Procon227.07.20151,25,00,000Received by NET
transfer from Indian Overseas Bank Account of M/s Vision
Procon327.07.20154,10,00,000Received by RTGS from IndusInd Bank Account of M/s
Vision Procon427.07.20153,65,00,000Received by RTGS from IndusInd Bank Account of
M/s Vision Procon527.07.20154,25,00,000Received by RTGS from IndusInd Bank Account
of M/s Vision Procon627.07.20152,34,00,000Received by RTGS from IndusInd Bank
Account of M/s Global Trade Matrix Pvt. Ltd.727.07.20153,55,00,000Received by RTGS
from IndusInd Bank Account of M/s Global Trade Matrix Pvt. Ltd.TOTAL20,39,00,000
e) the above clearly depicted that only two payments of amounts of Rs.
2,34,00,000/- and Rs. 3,55,00,000/- were received in Indian Overseas Bank Account
No. 028402000012799 of M/s Best Exports from M/s Global Trade Matrix Pvt. Ltd.
whereas the remaining 5 payments, as mentioned, above were received from different
bank accounts of M/s Vision Procon;
f) further, as per the said ledger Account of M/s Best Exports with M/s Global
Trade Matrix Pvt. Ltd. for the Financial Year 2015 � 16, it had been shown that an
amount of Rs. 20,31,97,491/- was repaid on 27.07.2015 from Indian Overseas Bank
Account No. 028402000012799 of M/s Best Exports to M/s Global Trade Matrix Pvt.
Ltd.; that however upon seeing the said bank account statements of Indian Overseas
Bank Account No. 028402000012799 of M/s Best Exports and IndusInd Bank Account No.
200999956788 of M/s Global Trade Matrix Pvt. Ltd. (shown to him today), he could
very well state that these payments were not made to M/s Global Trade Matrix Pvt.
Ltd.; that the Indian Overseas Bank Account statement of M/s Best Exports revealed
that the debits were made for the following purposes:
Table No. 92
Sr. No.DateNarrationDebit (in Rs.)127.07.2015IDBF/145
DT:27/07/20153,56,12,249227.07.2015IDBF/145
DT:27/07/20152,69,39,334327.07.2015IDBF/145
DT:27/07/20152,56,33,436427.07.2015IDBF/145
DT:27/07/20153,12,51,566527.07.2015IDBF/145
DT:27/07/20154,25,16,434627.07.2015IDBF/145
DT:27/07/20154,12,44,472Total20,31,97,491
g) he was also informed in ED office that the said debits made from Indian Overseas
Bank Account No. 028402000012799 of M/s Best Exports were not credited for making
re-payments to M/s Global Trade Matrix Pvt. Ltd. and that instead the same was used
for making re-payments of one Buyers Credit bearing Reference No. 284/MISCIN/28/14
dated 21.07.2014 by M/s G G Energy Pvt. Ltd. for which payments on account of the
said Buyers Credit was made to the Hong Kong based overseas supplier M/s Colour
Wave (HK) Ltd.;
h) he submitted that he understood that apart from the above, there were some
payments of amounts of Rs. 4,90,000/- and Rs. 2,80,000/- made on 05.01.2016 and
12.01.2016 respectively which were received in IndusInd Bank Account No.
259872848167 of M/s Vision Procon and not in the bank account of M/s Global Trade
Matrix Pvt. Ltd.;
i) on being asked to explain as to why wrong ledger was prepared for FY 2015 � 16
of M/s Best Exports with M/s Global Trade Matrix Pvt. Ltd., he submitted that Ashu
Mehra (accused) was working as a banker at that time in Indian Overseas Bank,
Sector 7, Madhya Marg, Chandigarh; that he (Ashu) as a banker informed him (Gaurav
Kirpal) that some wrong credits had been received in IOB Account No.
028402000012799 of M/s Best Exports from M/s Global Trade Matrix Pvt. Ltd. and that
the said entry was to be reversed and the said entries were reversed on 27.07.2015;
j) they had received a total payment of Rs. 20,39,00,000/- from M/s Vision Procon
and M/s Global Trade Matrix Pvt. Ltd. on 23.07.2015 and 27.07.2015; that as only
funds of Rs. 20,31,97,491/- were reversed so Ashu Mehra asked him to return some
more funds to M/s Vision Procon and as per his advice he made two more payments of
Rs. 4,90,000/- and Rs. 2,80,000/- on 05.01.2016 and 12.01.2016 from IndusInd Bank
Account No. 200002366344 of M/s Best Exports to IndusInd Bank Account No.
259872848167 of M/s Vision Procon.
For clarifying the afore-said transaction, further statement dated 20.06.2018 of

Ashu Mehra was also recorded under Section 50 of the PML Act, 2002 wherein he
inter-alia stated that:
i. on being shown one email dated 09.11.2015 16:17 sent by Dinesh Kumar from email
id: #HYPERLINK "mailto:vprocon@gmail.com"#vprocon@gmail.com# to his (Ashu�s) email
id: #HYPERLINK "mailto:ashu.mehra1977@gmail.com"#ashu.mehra1977@gmail.com# having
as its attachment one signed application for drawal of foreign exchange (duly
signed by Gaurav Kirpal) on behalf of M/s Best Exports (A/c No. 028402000012799)
for further payment of USD 3170502.29 (Reference BC5621610GG) to beneficiary M/s
Pure Elements FZE in Punjab National Bank, Dubai that as per the said document the
said payment was to be remitted to the Bank Account No. 6550586006 of PNB, Dubai in
Intermediary Bank, viz. Bank of America; that Dinesh Kumar assisted Gaurav Kirpal
in the said transaction and further that on the basis of the said document signed
by Gaurav Kirpal and submitted with the bank, the following debits were made from
the Indian Overseas Bank Account of M/s Best Exports:
Table No. 93
Sr. No.Date NarrationDebit (in Rs.)127.07.2015IDBF/145
DT:27/07/20153,56,12,249227.07.2015IDBF/145
DT:27/07/20152,69,39,334327.07.2015IDBF/145
DT:27/07/20152,56,33,436427.07.2015IDBF/145
DT:27/07/20153,12,51,566527.07.2015IDBF/145
DT:27/07/20154,25,16,434627.07.2015IDBF/145
DT:27/07/20154,12,44,472Total20,31,97,491
ii. the same was used for making re-payments on due date of one Buyers Credit
bearing Reference No. 284/MISCIN/28/14 dated 21.07.2014, issued in the name of the
applicant M/s G G Energy Pvt. Ltd.;
iii. on being asked to state that when Buyers Credit SWIFT message bearing
Reference No. 284/MISCIN/28/14 dated 21.07.2014 was issued in the name of M/s G G
Energy Pvt. Ltd. then how re-payments of the said Buyers Credit was made by
debiting the IOB Account No. 028402000012799 of M/s Best Exports instead of M/s G G
Energy Pvt. Ltd., he (Ashu) submitted that the same was done on instructions of
their clients Gaurav Kirpal, Dinesh Kumar and Amanpreet Singh Sodhi but he admitted
that no approval was taken from the Branch Head / competent authority in the Indian
Overseas Bank; that his clients Gaurav Kirpal, Dinesh Kumar and Amanpreet Singh
Sodhi made him to believe that they would manage if any issue arises in the bank
with respect to the afore-said LOU sent by me.
Hence, the re-payment of one past Buyers Credit / LOU bearing Reference No.
284/MISCIN/28/14 dated 21.07.2014, issued in the name of M/s G G Energy Pvt. Ltd.,
has been made by debiting the IOB account of M/s Best Exports for which Form A2,
form for drawal of foreign exchange, was signed by the accused Gaurav Kirpal and
forwarded to Ashu Mehra by one another accused Dinesh Kumar; that Dinesh Kumar had
arranged the credits of funds from M/s Al Dishu Trading FZE (being its owner) to
the bank accounts of M/s Saibhakti Impex Pvt. Ltd. from which the funds were
further remitted to IndusInd account of M/s Global Trade Matrix Pvt. Ltd. and from
there to the IOB account of M/s Best Exports on the pretext of bogus trade
transactions; that the said funds in M/s Best Exports and other credits from IOB &
IndusInd account was utilized for making re-payments of the said Buyers Credit.
This Buyers Credit was not approved by the Branch Head and had been therefore
fraudulently issued by the accused Ashu Mehra; that the accused Ashu Mehra issued
this Buyers Credit in the name of M/s G G Energy Private Limited even when there
was no bank account of the said applicant in IOB and hence no collaterals /
security was available with IOB, viz. Ashu Mehra, Assistant Manager, IOB for
issuance of the said fraudulent Buyers Credit. The investigation conducted have
shown that the other accused Amanpreet Singh Sodhi had arranged the offer letters
to the afore-said LOU through M/s Nextgen Financial Services and also that the
beneficiary of the said Buyers Credit was the Hong Kong based accused company M/s
Colour Wave (HK) Ltd.; that Amanpreet Singh. Hence, in this case of Buyers Credit /
LOU bearing Reference No. 284/MISCIN/28/14 dated 21.07.2014, the investigation has
revealed that all the 4 accused Ashu Mehra, Amanpreet Singh Sodhi, Gaurav Kirpal
and Dinesh Kumar were in criminal conspiracy with each other behind the issuance of
the said fraudulent Buyers Credit, its re-payment and also laundering of the
proceeds of crime from M/s Colour Wave (HK) Ltd. to M/s Best Exports by routing the
same through M/s Al Dishu Trading FZE, M/s Saibhakti Impex Pvt. Ltd. and M/s Global
Trade Matrix Pvt. Ltd. for making the said re-payments.
Gaurav Kirpal was further enquired about the same while recording of his statement
dated 06.07.2018 under Section 50 of the PML Act, 2002 wherein on being shown one
email dated 09.11.2015 16:17 sent by accused Dinesh Kumar from email id: #HYPERLINK
"mailto:vprocon@gmail.com"#vprocon@gmail.com# to email id: #HYPERLINK
"mailto:ashu.mehra1977@gmail.com"#ashu.mehra1977@gmail.com# of Ashu Mehra (having
as its attachment one signed application for drawal of foreign exchange, viz. form
A2 (duly signed by Gaurav Kirpal) on behalf of M/s Best Exports (A/c No.
028402000012799) for further payment of USD 3170502.29 (Reference BC5621610GG)
which was utilized for repayment of Buyers Credit / LOU No. 284/MISCIN/28/14 dated
21.07.2014, he stated that he had signed the said document but couldnot recollect
as to when the same was signed by him; that the same was got signed from him
fraudulently by Ashu Mehra; that he clarified that infact Ashu Mehra has cheated on
him and has utilized the same for making repayment of some fraudulent Buyers
Credit.
The accused Gaurav Kirpal has admitted to have signed the said Form A2 for sending
of said payments to Punjab National Bank, Dubai; that his submissions of having
been cheated appear to be a mere after-thought.
One request was also made to the Indian Overseas Bank to verify the genuineness of
the afore-said Form A2. The AGM, Indian Overseas Bank, Sector 7, Chandigarh replied
to the same vide their letter Ref. No. 0284/173/2018-19 dated 14.07.2018 that the
said Form A2 was genuine and further that payment had been sent using the said form
on 27.07.2015 with Reference No. as 0284/IDBF/145/15 for USD 3170502.29.
As per the documents (16 pages) enclosed with the afore-said letter dated
14.07.2018 of IOB, the same contains full details as given below for Repayment of
Buyers Credit No. 284/MISCIN/28/14. The documents annexed with the said letter and
is pupose is as given below:
Table No. 94
Page No. of annexed documentDescription of documentUtility / Purpose of
document1284/IDBF/145/15 dated 27/07/15The same is an MT 202 message for sending
outward remittance against Transaction Reference BC5621610GG of USD 3170502.29 from
Indian Overseas Bank, SCO 26, Sector 7, Chandigarh to Intermediary (Nostro) A/c No.
6550586006 of Punjab National Bank, Dubai in Bank of America, New York2SWIFT
message dated 28/07/2015 of Punjab National Bank, Dubai to Indian Overseas Bank,
ChandigarhThe same is an MT 799 message of PNB, Dubai to IOB, Chandigarh against
Transaction Reference Number BC5621610GG (Related Reference No. 284/MISCIN/28/14)
confirming receipt of USD 3170502.29 on 27/07/2015; that it was further informed
herein that they the maturity amount for Buyers Credit given to M/s G G Energy Pvt.
Ltd. was to be paid on 24/07/2015 which was paid on 27/07/2015 and hence overdue
interest of USD 863.96 (at 3.27% for 3 days on 3170502.29) was to be paid.3SWIFT
message dated 31/07/2015 of Indian Overseas Bank, Chandigarh to J P Morgan Chase
Bank, New YorkThis is an MT 202 message sent from IOB having Sender�s Reference No.
284/OR/157/15 dated 31.07.2015 for making payment of overdue interest amount of USD
863.96 to the Intermediary / Nostro A/c No. 6550586006 of Punjab National Bank,
Dubai with Bank of America, New York4Letter dated 24/07/2015 of M/s Best Exports to
IOB, Sector 7, ChandigarhThrough this letter signed by Gaurav Kirpal, Proprietor of
M/s Best Exports, the said firm has asked IOB to remit USD 3170502.29 against
Reference No. BC5621610GG to the supplier M/s Pure Elements FZE for the following
Invoices, viz. Invoice No. 340/BE/15 of USD 555660.00, 341/BE/15 of USD 420336.00,
342/BE/15 of USD 399960.00, 353/BE/15 of USD 487620.00, 354/BE/15 of USD 663386.40
and 355/BE/15 of USD 643539.89. Vide said letter, accused Gaurav Kirpal has
requested to send MT-202 message to Intermediary (NOSTRO) A/c No. 6550586006 of
Punjab National Bank, Dubai held with Bank of America.5Form A2 / Application for
drawal of foreign exchange signed by Gaurav kirpalThis form A2 has been signed by
the accused Gaurav Kirpal and as per rules of the bank, account holder has to
submit duly signed form A2 for sending any remittance outside India. This form A2
was submitted by the accused Gaurav Kirpal for remiting USD 3170502.29 against
Reference No. BC5621610GG to Intermediary (NOSTRO) A/c No. 6550586006 of Punjab
National Bank, Dubai held with Bank of America.6Invoice No. 340/BE/15 dated
10/07/2015These are Commercial Invoices issued by M/s Pure Elements FZE, 1101-A,
11th Floor, Rakia Tower 11, Ras Al Khaimah, UAE to the consignee M/s Best Exports,
Ludhiana for sale of Readymade garments to the latter party from port of loading
Khlong, Thailand to port of discharge Jabel Ali, Dubai. In the said Invoice also
M/s Pure Elements FZE has asked payments from M/s Best Exports through TT
reimbursement in their Intermediary A/c No. 6550586006 of PNB, Dubai in Bank of
America. 7Invoice No. 341/BE/15 dated 10/07/20158Invoice No. 342/BE/15 dated
10/07/20159Invoice No. 353/BE/15 dated 11/07/201510Invoice No. 354/BE/15 dated
11/07/201511Invoice No. 355/BE/15 dated 11/07/201512Bill of Lading No.
TLLU954105859 dt. 01.07.2015This is copy of Bill of Lading as per which the Shipper
M/s Rambani Enterprises Company Limited, Thailand is to supply 913 packages of
Readymade T-Shirts (Men) in 1 container. The consignee is shown to be M/s Ocean
Oveseas FZE, PO Box No. 1611, Ras Al Khaimah, UAE (Tel: 00971552503422), buyer is
M/s Best Exports, Shop No. 4, GF, Waheguru Complex, Rahon Road, Near Jodehwal
Basti, Ludhiana and delivery agent is M/s Pure Elements FZE, 1101-A, 11th Floor,
Rakia Tower, Ras Al Khaimah, UAE. Port of loading is Khlong, Thailand and port of
discharge is Jabel Ali, Dubai.13Letter dated 31.07.2015 of M/s Vision Procon to
IOB, Sector 7, ChandigarhVide this letter M/s Vision Procon (through its proprietor
Dinesh Kumar) has instructed the IOB to remit an amount of USD 863.96 as freight
charges through MT-202 to Intermediary A/c No. 6550586006 of Punjab National Bank,
Dubai in Bank of America14Form A2 / Application for drawal of foreign exchange
signed by Dinesh KumarThis form A2 has been signed by the accused Dinesh Kumar and
as per rules of the bank, account holder has to submit duly signed form A2 for
sending any remittance outside India. This form A2 was submitted by the accused
Dinesh Kumar for remiting USD 863.96 to Intermediary (NOSTRO) A/c No. 6550586006 of
Punjab National Bank, Dubai held with Bank of America.15Invoice No. 358/F/15 dated
11/07/2015This invoice issued as freight charges by M/s Pure Elements FZE, 1101-A,
11th Floor, Rakia Tower, 11, Ras Al Khaimah, UAE to M/s Best Exports for payment of
freight charges of USD 863.96 through TT reimbursement in their Intermediary A/c
No. 6550586006 of PNB, Dubai in Bank of America. 16Some declaration signed by
Dinesh KumarThis is a blank declaration signed by Dinesh Kumar certifying therein
they shall indemnify IOB of any tax, etc.
In respect of the afore-said transaction, it is submitted that the following are
the findings to show that the accused Gaurav Kirpal was in actual conniving with
the other accused Ashu Mehra and others for making re-payments of Buyers Credit /
LOU No. 284/MISCIN/28/14 dated 21.07.2014 issued to M/s G G Energy Pvt. Ltd.
a) It is submitted that although the documents submitted by the accused Gaurav
Kirpal, Proprietor of M/s Best Exports, were for sending payments of certain
imports, the outward remittance was in actual sent fraudulently for making re-
payments of the Buyers Credit / LOU No. 284/MISCIN/28/14 dated 21.07.2014 issued to
M/s G G Energy Pvt. Ltd. On the other hand while preparing audited balance sheets,
M/s Best Exports did not show the relevant debits from its IOB Account as outward
remittance and instead showed the same as re-payments to M/s Global Trade Matrix
Pvt. Ltd. and M/s Vision Procon in respect of funds which were earlier credited in
its bank account. That Gaurav Kirpal, proprietor of M/s Best Exports couldnot have
shown the said re-payments in the audited balance sheets if in actual he had given
instruction to IOB to make some payments through MT-202 to the beneficiary M/s Pure
Elements FZE by making payments in intermediary Bank Account No. 6550586006 of
Punjab National Bank, Dubai with Bank of America.
b) The accused Gaurav Kirpal could have never given instructions to his bank to
make payments to the supplier M/s Pure Elements FZE through MT-202 as the correct
instructions for making payments to the overseas supplier is only through MT-103.
c) The copy of Bill of Lading No. TLLU954105859 (Page No. 12 � refer Table above)
shows M/s Best Exports, Ludhiana as buyer and the actual consignee as M/s Ocean
Overseas FZE, UAE with M/s Pure Elements FZE as delivery agent. Hence, presuming if
M/s Pure Elements FZE had supplied goods from Thailand to M/s Best Exports for some
other consignee in UAE and if the outward remittance of USD 3170502.29 from IOB
Account of M/s Best Exports to M/s Pure Elements FZE, UAE was on account of the
said goods supplied to it in UAE then on account of the same being a merchant
trading, M/s Best Exports should have also received corresponding payments from the
overseas consignee M/s Ocean Overseas FZE, UAE; that however in actual no such
payments have been reported by IOB to having been credited in IOB account of M/s
Best Exports.
In view of the above, it is apparent that the accused Gaurav kirpal was in criminal
conspiracy with the other co-accused for making re-payments of the fraudulent
Buyers Credit issued by the main accused Ashu Mehra.
8.5 Role of M/s Keshav International and M/s Omkara Worldwide Traders Pvt. Ltd.:
The said firm is having one Ms. Vandana Johar as its proprietor; that Ms. Vandana
Johar has admitted to have given her proprietorship firm for use to Gaurav Kirpal;
that proprietor is responsible for day-to-day functioning of the said firm. M/s
Keshav International is in receipt of proceeds of crime on account of over-valued
exports for which the source of funds are routed from Hong Kong based companies of
Amanpreet Singh Sodhi; that however Ms. Vandana Johar has stated that all the work
of the said firm was looked after by her brother Gaurav Kirpal. Ms. Vandana Johar
is also holding majority share-holding in the company M/s Omkara Worldwide Traders
Pvt. Ltd. and is therefore owner. This company has been also in receipt of proceeds
of crime from Hong Kong based companies, viz. M/s Colour Wave (HK) Ltd. and others,
owned / controlled by the accused Amanpreet Singh Sodhi, either directly or by
routing of the same through UAE based firms M/s Besco International FZE and M/s Al
Dishu Trading FZE.
8.6 Role of M/s G B Creative Line (having Bhawna Kirpal w/o Gaurav Kirpal as its
proprietor)
M/s G B Creative Line is having Ms. Bhawna Kirpal as its proprietor; that she has
admitted to have given her proprietorship firm for use to Gaurav Kirpal; that
proprietor is responsible for day-to-day functioning of the said firm. M/s G B
Creative Line is in receipt of several proceeds of crime from Gaurav Kirpal and his
firm M/s Best Exports as well as his company M/s Saibhakti Impex Pvt. Ltd. for
which the source of funds are routed from Hong Kong based companies of Amanpreet
Singh Sodhi; that however Ms. Vandana Johar has stated that all the work of the
said firm was looked after by her husband Gaurav Kirpal.
8.7 Role of M/s Pioneer Knitting and its proprietor Surinder Kumar Palta:
M/s Pioneer Knitting is having one Surinder Kumar Palta as its proprietor; that he
has admitted to have given his proprietorship firm for use to Gaurav Kirpal; that
proprietor is responsible for day-to-day functioning of the said firm. M/s Pioneer
Knitting is in receipt of proceeds of crime on account of over-valued exports for
which the source of funds are from Hong Kong based companies of Amanpreet Singh
Sodhi being routed through M/s Al Dishu Trading FZE or M/s Besco International FZE;
that however Surinder Kumar Palta has stated that all the work of the said firm was
looked after by Gaurav Kirpal. M/s Pioneer Knitting was also found to have given
one payment of Rs. 16 lakhs (approx.) to one Dixit Sood of M/s Wealth Creators
Reality Services without any valid trade; that the same was utilized for purchase
of property situated at Flat No. 701 on 7th Floor of Block A situated at Societies
Plot No. GH 2, Sector 23, Panchkula in the name of the accused Dinesh Kumar.
8.8 Role of accused M/s Colour Wave (HK) Ltd.:
(i) M/s Colour Wave (HK) Ltd. is the main beneficiary of all the 14 unpaid
fraudulent Buyers Credit, details as mentioned in Table No. 1 supra. The said
company is based in Hong Kong and is owned / controlled by the accused Amanpreet
Singh Sodhi. The said company has also been beneficiary of the fraudulent Buyers
Credit in the past in which cases the re-payments have been however made before due
date.
(ii) M/s Colour Wave (HK) Ltd. was also found to be beneficiary of the fraudulent
Buyers Credit; that for being a beneficiary of the said Buyers Credit, M/s Colour
Wave (HK) Ltd. was required to export goods to the beneficiary applicant importer
firms / companies in India. However, the investigation conducted by the Directorate
of Enforcement has revealed that there was no actual movement / import of goods
corresponding to the said fraudulent Buyers Credit and the accused Ashu Mehra was
in criminal conspiracy with the other accused Amanpreet Singh Sodhi whereby he used
to fraudulently mention the Bill of Lading details of the other importer clients of
the Indian Overseas Bank, whose goods were under transit; that in this manner he
has resorted to forgery in issuance of SWIFT / LOU on this count also.
(iii) The investigation conducted in this matter has revealed that after receipt of
proceeds of crime on account of the fraudulent Buyers Credit, M/s Colour Wave (HK)
Ltd. had laundered the same by resorting to trade-based money laundering; that the
investigation has also revealed that the proceeds of crime so generated were
credited to the bank accounts of the various beneficiaries in India by way of
either direct credit into the bank accounts of the beneficiary firms / companies,
viz. M/s Heights International, M/s Saibhakti Impex Pvt. Ltd., M/s Best Exports,
M/s Omkara Worldwide Traders Pvt. Ltd., M/s Keshav International, M/s Pioneer
Knitting, M/s Vision Procon, etc. or by routing of the same through the bank
accounts of the 2 UAE based firms, namely M/s Besco International FZE and M/s Al
Dishu Trading FZE.
8.9 Role of accused Brigadier (Retd.) M.S. Dullat:
(i) Brig. (Retd.) M S Dullat is father-in-law of the main accused Ashu Mehra. He
has been found to have helped the accused Ashu Mehra in laundering of the proceeds
of crime and also in acquiring various properties in India which are linked with
(ii) The accused M S Dullat in particular was also found to be opening companies in
his names and / or acting on behalf of his son-in-law Ashu Mehra (Accused No. 1) in
purchase of properties which are linked with the proceeds of crime. The role played
by the accused M S Dullat in purchase of property situated at H. No. 267, Sector
10A, Chandigarh (measuring 809.09 sq. yards) in the name of the company M/s Global
Trade Matrix Pvt. Ltd. and its further transfer in the name of his son-in-law Ashu
Mehra (accused) is as detailed below:
(a) This property is in the name of the company M/s Global Trade Matrix Pvt. Ltd.;
that accused M S Dullat (as a Director of the said company M/s Global Trade Matrix
Pvt. Ltd.) was found to have signed one Sale Deed dated 27.04.2015 (copy of which
is Annxure C � 270) with the seller Shashi Jain for purchase of the said property
in the company M/s Global Trade Matrix Pvt. Ltd. The said Sale Deed dated
27.04.2015 shows the payments made by the purchaser (represented by accused M S
Dullat) to the seller Ms. Shashi Jain; that further the following payments shown in
the said Sale Deed dated 27.04.2015 have not been made by the purchaser company M/s
Global Trade Matrix Pvt. Ltd. and are in actual third party payments:
1) Rs. 1,00,000/- through cash on 10.01.2015 to Ms. Shashi Jain;
2) Rs. 35,00,000/- through RTGS ALLA20150120500087158 dated 20.01.2015 to Ms.
Shashi Jain;
Shashi Jain;
Shashi Jain;
Shashi Jain;
Shashi Jain;
7) Rs. 20,00,000/- through RTGS dated 13.02.2015 to Ms. Shashi Jain;
Shashi Jain;
Shashi Jain
company M/s Global Trade Matrix Pvt. Ltd. was incorporated only on 13.02.2015 and
the accused M S Dullat was the share-holder Director in the said company right from
the date of incorporation i.e. from 13.02.2015, holding 50% equiy shares of the
said company. That the investigation conducted by the Directorate of Enforcement
has also revealed that the first A/c No. 200999956788 of M/s Global Trade Matrix
Pvt. Ltd. in IndusInd Bank, Sector 35, Chandigarh was opened only on 27.03.2015. In
view of the afore-said it is apparent that the accused M S Dullat was aware from
the beginning that the afore-said payments made to the seller Ms. Shashi Jain had
not been made from M/s Global Trade Matrix Pvt. Ltd. and were third party payments.
He was therefore in criminal conspiracy with the accused Ashu Mehra, his son-in-
law, for purchase of the said property, which were linked with the proceeds of
crime.
(b) The investigation conducted so far has further revealed that for purchase of
the property situated at H. No. 267, Sector 10A, Chandigarh (measuring 809.09 sq.
yards), various third party payments from firms M/s G.K.Enterprises, M/s Rama Knit
Fab and M/s Balaji Enterprises, were made to the seller of the said property Ms.
Shashi Jain; that the said payments were made even before the incorporation and
opening of the bank account of the said company M/s Global Trade Matrix Pvt. Ltd.
The owner of the said three firms is however not traceable. Summons issued to them
have returned undelivered. It can be also seen that after opening of the Bank
Account No. 200999956788 of the company M/s Global Trade Matrix Pvt. Ltd. in
IndusInd Bank, Sector 35, Chandigarh, the said bank account was used for the
transfer of funds; that however from perusal of the said Bank Account statement, it
was noticed that the said account of M/s Global Trade Matrix Pvt. Ltd. was opened
in IndusInd Bank on 27.03.2015 and funds of Rs. 17 crores were credited in the said
account from the bank accounts of M/s Solaris Chemtech Industries Ltd. Utilizing
these funds M/s Global Trade Matrix Pvt. Ltd. had made balance payments of a total
amount of Rs. 5,69,50,600/- (Rs. 5,24,50,600/- on account of payment for the
property, Rs. 7,50,000/- for TDS and Rs. 37,50,000/- for stamp duty) for purchase
of property situated at House No. 267, Sector 10A, Chandigarh. Investigation
conducted by the Directorate of Enforcement have also revealed that behind the said
grant of unsecured loans by M/s Solaris Chemtech Industries Ltd., there has been
fraudulent transfer of money from M/s Colour Wave (HK) Ltd. (the accused company
which is the main beneficiary of the proceeds of crime on account of fraudulent
buyers credit transfers) to M/s Solaris Chemtech Industries Ltd. through its
Singapore based sister company, namely M/s Mirabelle Trading Pte Ltd.
(c) To further establish the role played by the accused Malkiat Singh Dullat
whereby he has helped the Accused No. 1 in laundering of proceeds of crime and
acquiring the said property, investigation was also made regarding the
incorporation and share-holding pattern of M/s Global Trade Matrix Pvt. Ltd. That
the said investigation conducted in this regard revealed that the company M/s
Global Trade Matrix Pvt. Ltd. was incorporated at SCO No. 210-211, Third Floor,
Sector 34-A, Chandigarh � 160022 on 13.02.2015 with a paid up capital of Rs.
1,00,000/- divided into 10,000 equity shares of Rs. 10/- each; that the authorized
capital of the said company is Rs. 7,00,00,000/- divided into 70,00,000 equity
shares of Rs. 10/- each. The promoter Directors of this company were the applicants
Brig. (Retd.) Malkiat Singh Dullat (accused) and Dinesh Kumar (accused) with each
one of them having 5000 such equity shares. That further, on 24.03.2016 (after a
period of more than 1 year of acquiring the said immoveable asset in the company
M/s Global Trade Matrix Pvt. Ltd., the following transfer of shares of the said
company took place:
> 4900 equity shares of the company M/s Global Trade Matrix Pvt. Ltd. in the name
of accused Malkiat Singh Dullat were transferred by him in the name of the HUF firm
M/s Mehra & Sons HUF, having the main Accused Ashu Mehra as its karta;
> 100 equity shares of the company M/s Global Trade Matrix Pvt. Ltd. in the name of
accused Malkiat Singh Dullat were transferred by him in the name of the main
Accused Ashu Mehra; and
> 5000 equity shares of the company M/s Global Trade Matrix Pvt. Ltd. in the name
of the accused Dinesh Kumar were transferred by him in the name of the firm M/s
Mehra & Sons HUF, having the main accused Ashu Mehra as its karta.
By way of afore-said transfer of shares, the applicant accused as well as the
accused Dinesh Kumar, helped the main accused Ashu Mehra to be the complete owner
and control of the said immoveable asset.
(iii) The accused M S Dullat has also been found to have acquired one property,
viz. Flat No. 109 (GF), Punjab Housing Board Complex, Sector-79, Mohali for which
he was specifically in receipt of an amount of Rs. 18.50 lakhs on 02.03.2015 from
one company M/s Prithvi Infradevelopers Pvt. Ltd. which are linked with the
proceeds of crime. The receipt of said amount of Rs. 18.50 lakhs is also duly
reflected in the Bank Account statement pertaining to A/c No. 009510011021253 of
the accused M S Dullat in Andhra Bank, Sector-17, Chandigarh.
(iv) The investigation conducted in the said matter has also revealed that the
Accused M S Dullat had been acting on behalf of the main accused Ashu Mehra for
handling the business of import and setting up of Vapour Recovery Units at various
HPCL Depots by one company M/s Mekaster Engineering Ltd. with investments being
made out of proceeds of crime. To further clarify the afore-said issued, it is
submitted that the one MOU dated 17.06.2013 was signed between Shri V.M. Trehan
(First party) and Shri Amanpreet Singh Sodhi & Brig. M.S.Dullat (Second party)
wherein envisaging purchase of equity shares of M/s Mekaster Ecosystems Pvt. Ltd.
and investments into the projects of the said company by the second party. The said
MOU required investments from the second party in the purchase of shares of the
company M/s Mekaster Ecosystems Pvt. Ltd. and also commitment / undertaking by
second party to arrange for the funds whenever required for the purpose of
execution of orders / tenders procured by Mekaster group of companies in respect of
vapour recovery units / any other business with mutual consent. That the
investigation conducted has revealed that the second party has invested funds of
more than Rs. 20 crores in the work related to import of vapour recovery units by
Mekaster group of companies and their further installation at the HPCL depots at
Kadappa, Bokaro and Paradeep sites. That the accused Ashu Mehra was also
instrumental in issuance of one fraudulent Letter of Credit bearing No.
284/IOBNSI/27/13 dated 08.11.2013 (refer Table No. 18) in the name of M/s Borsig
Membrane Technology, Germany whereas the accused M S Dullat represented his son-in-
law Ashu Mehra in the deal as his representative.
8.10 Role of M/s Mekaster Ecosystems Private Limited, M/s Mekaster Engineering
Limited and Sh. Virender Mohan Trehan:
(i) The Syndicate Bank Account No. 90361010013353 of the accused company M/s
Mekaster Ecosystems Private Limited is in receipt of funds of an amount of USD
3,57,410.00 (equivalent to Rs. 2,18,33,199.00) from the Hong Kong based company M/s
Colour Wave Limited, details of which are as given in Table No. 35 supra. The funds
available with the said Hong Kong based company were found during investigation to
be out of proceeds of crime arising out of fraudulent Letters of Credit / Buyers
Credit issued by the accused Ashu Mehra which are linked with the proceeds of
crime.
(ii) Statements dated 16.11.2017 and 19.03.2018 of one Mohit Khanna was also
recorded under Section 50 of the PML Act, 2002. He looked after the work of
Mekaster group related to the execution of the project of import and installation
of vapour recovery units at various HPCL depots. He has submitted in his these
statements about the funds credited from M/s Colour Wave Limited into the Syndicate
Bank Account No. 90361010013353 of the accused company M/s Mekaster Ecosystems
Private Limited as well as the payments made by M/s Colour Wave Limited from their
HSBC Bank Account No. 112433461838 in Hong Kong to the Bank Account No. 1766112 of
M/s Borsig Membrane Technology GMBH, maintained in Commerzbank AG in Germany, the
overseas supplier for vapour recovery units. Mohit Khanna has also submitted in
detail in his these statements about the involvement of the accused Ashu Mehra
(iii) The proceeds of crime so credited in the bank account of the accused M/s
Mekaster Ecosystems Private Limited were utilized in the installation of vapour
recovery units at HPCL depots; that however the re-payments were made by M/s
Hindustan Petroleum Corporation Limited by crediting the UCO Bank Account No.
04880210001585 of M/s Mekaster Engineering Limited.
(iv) The investigation conducted in this matter has also revealed that after
receiving payments from Hindustan Petroleum Corporation Limited, the accused
company M/s Mekaster Engineering Limited used to transfer the funds so received to
the bank accounts of M/s Vision Procon, M/s Heights International and Amanpreet
Singh Sodhi; that the said funds were also linked with the proceeds of crime.
(v) Sh. Virender Mohan Trehan is the Chairman of the Mekaster group and also a
Director in M/s Mekaster Engineering Limited and M/s Mekaster Ecosystems Private
Limited. He has not accepted during investigation conducted by the Directorate of
Enforcement to be aware of fraud committed by the accused Ashu Mehra and Amanpreet
Singh Sodhi in the Indian Overseas Bank. From the above and the investigation
conducted by the Directorate of Enforcement it is apparent that Sh. Virender Mohan
Trehan was remitting the funds, so received from M/s Hindustan Petroleum
Corporation Limited in UCO Bank A/c No. 04880210001585 of M/s Mekaster Engineering
Limited, on account of the installation of Vapour Recovery Units at HPCL depots, to
the investors by making payments into the bank accounts of M/s Heights
International and M/s Vision Procon; that however after registration of an FIR by
the CBI in August, 2016, he chose to make re-payments to Account No.
034010100043668 of Amanpreet Singh Sodhi in Andhra Bank, Ludhiana instead of the
accounts of M/s Heights International / M/s Vision Procon. That the following re-
payments were made after registration of the said FIR by the CBI.
Table No. 94
Sr. No.DateAmount received (in Rs.)Account details of MEL in which payment

receivedDetails of funds transferred to Amanpreet Singh Sodhi and / or M/s Heights
International103-10-16104,77,770.00 A/C No. 04880210001585 in UCO BankRs.
73,65,277.00 only transferred on 04.10.16 to Account No. 034010100043668 of
Amanpreet Singh Sodhi in Andhra Bank, Ludhiana211-11-16 51,33,525.00 A/C No.
04880210001585 in UCO BankRs. 31,00,000.00 only transferred on 12.11.16 to Account
No. 034010100043668 of Amanpreet Singh Sodhi in Andhra Bank, Ludhiana311-01-17
150,00,000.00 A/C No. 04880210001585 in UCO BankRs. 1,00,00,000.00 only transferred
on 17.01.17 to Account No. 034010100043668 of Amanpreet Singh Sodhi in Andhra Bank,
Ludhiana420-06-17 299,68,894.00 A/C No. 90383030000113 in Syndicate BankNo amount
transferred to Amanpreet Singh Sodhi / M/s Heights Intenational�TOTAL
605,80,189.00 �
Sh. Virender Mohan Trehan was thereafter found to be not remitting the full
payments payments back to the accused Amanpreet Singh Sodhi as is apparently clear
from the afore-said table. That immediately after conduct of searches at the
business premises of M/s Mekaster Ecosystems Pvt. Ltd. on 07.04.2017, the UCO Bank
Account 04880210001585 of the said company was freezed under the provisions of the
PML Act, 2002 as the said account of Mekaster group was in receipt of re-payments
from HPCL; that however Sh. V M Trehan managed to change the Account details with
HPCL for receiving re-payments and accordingly received one amount of Rs.
299,68,894.00 on 20.06.2017 in A/C No. 90383030000113 of M/s Mekaster Engineering
Limited in Syndicate Bank. That utilizing the said funds so received in A/C No.
90383030000113 of M/s Mekaster Engineering Limited in Syndicate Bank, Sh. Virender
Mohan Trehan transferred a total amount of Rs. 1,49,00,000/- to his personal Bank
Account No. 90382010072286 in Syndicate Bank vide 3 transfers of amounts Rs.
49,00,000/-, Rs. 75,00,000/- and Rs. 25,00,000/- on 21.06.2017, 22.06.2017 and
23.06.2017 respectively. Hence, the investigation conducted by the Directorate of
Enforcement has revealed that Sh. Virender Mohan Trehan has continued to utilize
the funds linked with proceeds of crime, even after registering of FIR by the CBI
and conduct of searches by the Directorate of Enforcement, knowing fully well that
the funds so received by him / his company were tainted / not genuine; that he has
therefore acted in criminal conspiracy with the other accused Amanpreet Singh Sodhi
in the laundering of the proceeds of crime.
8.11 Role of M/s RAP Events and M/s Prenda Creations Pvt. Ltd.
M/s Prenda Creations Pvt. Ltd. is in receipt of various credit entries which are
linked with proceeds of crime on account of the same having been arranged by the
accused Gaurav Kirpal; that infact Gaurav Kirpal has admitted the said company was
looked after by him and his family. Funds were arranged in this company by the
accused Gaurav Kirpal which were laundered for providing entries to others which
were not genuine transactions. In particular, funds have been transferred from UCO
Bank Account No. 02360510011980 of the accused Gaurav Kirpal to the UCO Bank
Account No. 05340210003541 of the company M/s Prenda Creations Private Limited
(having his father K.N. Kirpal as one of its Director) which formed the source
offunds available with the afore-said company for making two RTGS transfers dated
10.04.2017 and 11.04.2017 of amounts of Rs. 4,34,00,000/- and Rs. 85,75,000/- from
the said company to Bank Account No. 13212000000590 of M/s RAP Events, H. No. 127,
Sector 10, Panchkula. That statement dated 13.04.2017 of Shri Rakesh Kumar,
Partner, M/s RAP Events was recorded, at the time of conduct of searches on
13.04.2017, under Section 17 of the PML Act, 2002 at the business premises of M/s
RAP Events; that Shri Rakesh Kumar, Partner, M/s RAP Events admitted to the fact
that the afore-said transfer was not backed by any pre-decided trade transaction.
The investigation conducted in this matter has revealed that the said transfers
were done immediately after conduct of searches on 07.04.2017 by the Directorate of
Enforcement in order to evade freezure actions.
8.12 Role of M/s Prithvi Infradevelopers Pvt. Ltd.
The source of funds of M/s Prithvi Infradevelopers Pvt. Ltd. have been completely
out of funds obtained from M/s Vision Procon and M/s Heights International.
8.13 Role of M/s Dreamheight Homes Pvt. Ltd.
The documents obtained from the Registrar of Companies in respect of the said
company indicates that the same was incorporated on 20.08.2015 with Dinesh Kumar as
its active director; that as per ROC documents the accused Ashu Mehra and Dinesh
Kumar both have approximately 2/3 and 1/3 shares each in the said company. Ashu
Mehra had assigned the said company certain construction work, details as mentioned
in Table No. 50 supra. The source of funds for making payments to M/s Dreamheight
Homes Pvt. Ltd. are also linked with the proceeds of crime, having been arranged by
the accused Ashu Mehra.
8.14 Role of M/s Besco International FZE, UAE
This firm is responsible for routing the proceeds of crime so accumulated in the
HSBC account of M/s Colour Wave (HK) Ltd. to the other Indian export firms /
companies of Gaurav Kirpal. Atul Kumar Garg, Partner of M/s Besco International FZE
has admitted to have done the same on the instructions of the accused Gaurav
Kirpal. He has further submitted to have repatriated the same on account of the
over-valued exports of the firms / companies of the accused Gaurav Kirpal.
8.15 Role of M/s Goodluck Carbon Pvt. Ltd. (Through its Director Rajendra Pahwa):
This company M/s Goodluck Carbon Pvt. Ltd. is in receipt of proceeds of crime from
the accused company M/s Saibhakti Impex Pvt. Ltd.; that the funds with M/s
Saibhakti Impex Pvt. Ltd. are out of proceeds of crim being laundered from Hong
Kong based companies of accused Amanpreet Singh Sodhi either directly or by routing
the same through the 2 UAE based firms M/s Besco International FZE and M/s Al Dishu
Trading FZE.
8.16 Role of Utkarsh Pahwa and his company M/s Spectrum Credit Investment:
Utkarsh Pahwa is in receipt of proceeds of crime from firms / companies of Gaurav
Kirpal, namely M/s Saibhakti Impex Pvt. Ltd. and M/s Prenda Creations Pvt. Ltd.,
which have been routed through M/s Goodluck Carbon Pvt. Ltd. (having his father
Rajendra Pahwa as its Director) which was utilized by him (Utkarsh Pahwa) for
purchase of property situated at Mustatil No. 53, Kila No. 20 and 21, Revenue
Estate, Village Jonapur, Tehsil Mehrauli, New Delhi.
8.17 Role of Leela Kirpal w/o K. N.Kirpal
She is mother of accused Gaurav Kirpal and has obtained funds, linked with proceeds
of crime, from accused Gaurav Kirpal. That besides she could not explain the
various cash credits / other credits which were utilized for purchase of property
situated Villa No. 14A, Janpath Estate, Canal Road, Ludhiana.
9. That relevant provisions of Prevention of Money Laundering Act, 2002 (as
amended) are as under:-
9.1 That the term of �Proceeds of crime�, �Property� and �Scheduled Offence� have
been defined in Section 2(1)(u), 2(1)(v) and 2(1)(y), which are reproduced
hereunder :-
Section 2(1)(u) �Proceeds of crime� means any property derived or obtained,

directly or indirectly, by any person as a result of criminal activity relating to
a scheduled offence or the value of any such property or where such property is
taken or held outside the country, then the property equivalent in the value held
within the country or where such property is taken or held outside the country the
property equivalent in value held within the country.
Section 2(1)(v) �property� means any property or assets of every description,

whether corporeal or incorporeal, movable or immovable, tangible or intangible and
includes deeds and instruments evidencing title to, or interest in, such property
or assets, wherever located.
Explanation. - For the removal of doubts, it is hereby clarified that the term
�property� includes property of any kind used in the commission of an offence under
this Act or any of the scheduled offences.
Section 2(1)(y) �Scheduled offence� means �

(i) the offences specified under Part A of the Schedule; or
(ii) the offences specified under Part B of the Schedule if the total value
involved in such offences is one crore rupees or more; or
(iii) the offences specified under Part C of the Schedule.
9.2 That Section 3 of the PMLA provides as under:-

Section 3 Offence of money-laundering � Whosoever directly or indirectly attempts
to indulge or knowingly assists or knowingly is a party or is actually involved in
any process or activity connected proceeds of crime including its concealment,
possession, acquisition or use and projecting or claiming it as untainted property
shall be guilty of offence of money- laundering..
9.3 That Section 4 of PMLA provide as under:-

Section 4 Punishment for money-laundering � Whoever commits the offence of money-
laundering shall be punishable with rigorous imprisonment for a term which shall
not be less than three years but which may extend to seven years and shall also be
liable to fine.
Provided that where the proceeds of crime involved in money-laundering
relates to any offence specified under paragraph 2 of Part A of the Schedule, the
provisions of this section shall have effect as if for the words �which may extend
to seven years�, the words �which may extend to ten years� had been substituted�.
9.4 That Section 23 and 24 of PML Act, 2002 provides as under:-

Section�23: Presumption in inter-connected transactions-
Where money-laundering involves two or more inter-connected transactions and one or
more such transactions is or are proved to be involved in money-laundering, then
for the purposes of adjudication or confiscation under section 8 or for the trial
of the money-laundering offence, it shall unless otherwise proved to the
satisfaction of the Adjudicating Authority or the Special Court, be presumed that
the remaining transactions form part of such inter-connected transactions.
Section 24 Burden of proof � In any proceeding relating to proceeds of crime under

this Act,-
(a) in the case of a person charged with the offence of money-laundering under
section 3, the Authority or Court shall, unless the contrary is proved, presume
that such proceeds of crime are involved in money laundering; and
(b) in the case of any other person the Authority or Court, may presume that such
proceeds of crime are involved in money-laundering.
9.5 That, Section 71 of PMLA provides as under:-
Section 71: Act to have overriding effect � The provisions of this Act shall have
effect notwithstanding anything inconsistent therewith contained in any other law
for the time being in force.
10. That, the Chargesheet is yet to be filed by the Central Bureau of Investigation
(BS & FC), New Delhi. That the investigation conducted by the Directorate of
Enforcement under the provisions of Prevention of Money Laundering Act, 2002 (as
amended), it revealed that:-
(i) That on the basis of facts discussed above the various seized / freezed
properties (moveable / immoveable) including the amounts lying as balance in in
bank accounts / fixed deposits as per details mentioned in Para No. 6 which is part
of proceeds of crime in terms of section 2(1)(u) of PMLA was freezed. That the
following were seized / freezed during the said investigation in respect of which
the seizure / freezure orders have been confirmed by the Ld. Adjudicating Authority
(PMLA):
(a) Indian & Foreign currencies seized vide panchnamas dated on 07.4.2017, as per
details mentioned in Table No. 46;
(b) One Scorpio vehicle bearing Registration No. CH03V0010 in the name of Ms.
Bhawna Kirpal seized vide panchnama dated 13.04.2017;
(c) One Toyota Fortuner bearing Registration No. CH01AE7171 in the name of M/s
Saibhakti Impex Pvt. Ltd. having last sum insured value as Rs. 8,49,900/- which was
seized vide panchnama dated 13.04.2017;
(d) Gold ornaments of Bhawna Kirpal having value of Rs. 13,83,254/- (as per
Valuation Report dated 21.04.2017) seized vide Seizure Memo dated 21.04.2017 from
Locker No. 118, Indian Overseas Bank, SCO 26, Sector 7C, Chandigarh alongwith one
gold necklace & pair top & with fused pearls & stones, etc. having value of Rs.
2,49,400/- seized on 28.04.2017 also belonging to Bhawna Kirpal seized from Locker
No. 182, Oriental Bank of Commerce, Sarabha Nagar, Ludhiana in the name of Leela
Kirpal;
(e) Various bank accounts freezed in April, 2017, details of which alongwith the
freezure orders as mentioned in Table No. 41 above;
(f) Various immoveable assets freezed in April, 2017, details of which alongwith
the freezure orders as mentioned in Table No. 42 above;
(g) Various fixed deposits freezed in December, 2017, details of which alongwith
the freezure orders as mentioned in Table No. 44 above;
(h) Various Bank accounts freezed in December, 2017, details of which alongwith the
freezure orders as mentioned in Table No. 45 above.
That the approximate value of the afore-said fixed deposits which have been
confirmed by the Ld. Adjudicating Authority (PMLA) vide Orders dated 12.09.2017 and
22.05.2018 is Rs. 39.32 crores (approx.). Further investigation to freeze / attach
the rest is going on.
(ii) That, as provided under Section 17(4) of the said Act, an Original Application
was filed before the Ld. Adjudicating Authority (PMLA) for allowing continuation of
freezure / retention of seized records as well as proceeds of crime with a prayer
for confirmation of the aforesaid freezures / seizures under Section 8(3) of the
Prevention of Money Laundering Act, 2002 (as amended). The same has been confirmed
by the Ld. Adjudicating Authority, PMLA vide order dated 12.09.2017 in OA No. 93 of
2017 and order dated 22.05.2018 in OA No. 161 of 2018.
11. The evidence, collected during investigation clearly revealed the nexus
between initially generated / acquired proceeds of crime with property acquired by
them which in turn therefore become proceeds of crime as per definition given in
section 2(1)(u) of the PML Act, 2002 (as amended).
12. Investigation has also revealed that the entire transactions in this case are
inter-connected to facilitate the laundering of ill-gotten money and makes the
proceeds of crime liable for confiscation under section 8(5) of PML Act, 2002 (as
amended). Therefore, the presumption in inter-connected transactions in terms of
Section 23 of PML Act, 2002 is also available against the accused.
13. From the facts and circumstances, as detailed hereinabove, it is evident that
the accused have knowingly, directly or indirectly, indulged in the criminal
activities connected with the proceeds of crime as defined in Section 2(u) of PMLA
with property acquired by accused thereby rendering themselves liable for
punishment under Section 4 of PMLA for the offence of money laundering in terms of
Section 3 of PMLA, 2002.
14. That the complainant submits that there are sufficient evidences both
documentary/oral and also circumstantial to substantiate the charge of commission
of offence of Money Laundering under section 3 of Prevention of Money Laundering
Act, 2002 against the above named accused persons which is punishable under section
4 of PMLA.
15. That the complainant submits that there are sufficient evidences both
documentary / oral and also circumstances to draw an inference that the
properties / assets (both moveable / immoveable) purchased or acquired by the
accused persons represents proceeds of crime in terms of section 2(1) (u) of the
Act, is involved in Money-laundering and are liable for confiscation in terms of
section 8(5) of PMLA. The confirmed freezed properties may be considered as case
property during the course of trial.
16. That the guilt of the above-named accused will be proved in the court by the
testimony of the witnesses and from the documents relied upon, statements recorded
during the course of investigation and from the documents to be produced during the
course of trial.
17. The prosecution complaint filed in respect of accused entities is limited to

the extent of transactions / charges revealed so far in relation to the above said
accused and the complainant craves leave of this Court to file supplementary
complaint before this Hon�ble Court in respect of offence related to other
violations against the present accused entities as well as separate complaint in
respect of violation against any other persons involved in this scam as may emerge
during the course of further investigation. The further investigation in the case
is continuing and under progress.
18. The complainant craves leave to refer and rely on the list of witnesses who
may be examined at the time of trial as annexed and marked as Annexure-A attached
to this complaint and also seeks leave to add any other witness with due
permission of the Hon�ble Court.
19. The complainant craves leave to refer and rely on the documents as per list
of documents annexed and marked as Annexure-B attached to this complaint and also
seeks leave to add any other document with due permission of the Hon�ble Court.
20. The complainant craves leave to refer and rely on the calendar of evidence as
Annexure-C attached to this complaint and also seeks leave to add any other
document with due permission of the Hon�ble Court.
21. That the complainant is Assistant Director (PMLA), Directorate of

Enforcement, Ministry of Finance, Department of Revenue, Government of India and in
that connection the complainant has to look after various assignments in office as
well as in field therefore, the complainant may not be in a position to appear
before this Hon�ble court on each and every date of hearing. It is, therefore,
prayed that the personal appearance of the complainant on each date of hearing may
kindly be exempted. The special public prosecutor will appear for the state/
complainant.
P R A Y E R
In view of the facts and circumstances stated hereinabove, it is most humbly prayed
that this Hon�ble Court may kindly be pleased to take this complaint on record and
may please:
(i) Take cognizance of the offence of money laundering under Section 3 and proceed
against the accused in accordance with law and may please pass order/orders to
suitably punish the accused persons for their offences committed which are
punishable under Section 4 of the PML Act, 2002.
(ii) Pass order for confiscation of the properties under the provisions of Section
8(5) of the PML Act, 2002 which have been freezed / seized by the Directorate of
Enforcement, Chandigarh Zonal Office, as per details mentioned in Para No. 11 and
the retention of freezures / seizures in respect of which have been confirmed by
the Adjudicating Authority (PMLA) vide Order dated 12.09.2017 in OA No. 93 of 2017
and Order dated 22.05.2018 in OA No. 161 of 2018.
Dated at Chandigarh this _______ Day of July, 2018.
(ROOPESH KUMAR)
ASSISTANT DIRECTOR (PMLA)
DIRECTORATE OF ENFORCEMENT
CHANDIGARH ZONAL OFFICE
THROUGH
SPECIAL PUBLIC PROSECUTOR (PMLA)

Panel Counsel for Directorate of Enforcement
List of Witnesses : As Annexure � �A�

List of Documents: As Annexure � �B�
Calander of Events: As Annexure � �C�
IN THE COURT OF HON�BLE DESIGNATED SPECIAL COURT

UNDER THE PREVENTION OF MONEY LAUNDERING ACT, 2002, NEW DELHI
PMLA COMPLAINT CASE NO. : ��./ 2018

Chandigarh Zonal Office.
��..COMPLAINANT
Versus
1. Ashu Mehra. Accused (A-1)
2. Dinesh Kumar Accused (A-2)

3. M/s Vision Procon Accused (A-3)
4. M/s Al Dishu Trading FZE Accused (A-4)
5. Amanpreet Singh Sodhi Accused (A-5)
6. M/s Heights International Accused (A-6)
7. M/s Geoxa Steels Pvt. Ltd. Accused (A-7)
8. M/s Colour Wave (HK) Ltd. Accused (A-8)
9. M/s Besco International FZE Accused (A-9)
10. M/s Saibhakti Impex Pvt. Ltd. Accused (A-10)
11. M/s Best Exports Accused (A-11)
12. M/s Omkara Worldwide Traders P. Ltd. Accused (A-12)
13. Aman Kirpal Accused (A-13)
14. Gaurav Kirpal Accused (A-14)
15. Brig. (Retd.) M S Dullat Accused (A-15)
16. M/s Heights International Tradehub Accused (A-16)

Private Limited
17. M/s Mekaster Ecosystems P. Ltd. Accused (A-17)
18. M/s Mekaster Engineering P. Ltd. Accused (A-18)
19. Virender Mohan Trehan Accused (A-19)
20. M/s Keshav International Accused (A-20)
21. RAP Events Accused (A-21)

22. M/s Pioneer Knitting Accused (A-22)
23. Surinder Kumar Palta Accused (A-23)
24. M/s Prithvi Infradevelopers Pvt. Ltd. Accused (A-24)
25. M/s Dreamheight Homes Pvt. Ltd. Accused (A-25)
26. M/s Global Trade Matrix Pvt. Ltd. Accused (A-26)
27. M/s G B Creative Line Accused (A-27)
28. M/s Prenda Creations Pvt. Ltd. Accused (A-28)
29. M/s Mehra & Sons HUF Accused (A-29)
30. M/s Dinesh Kumar & Sons HUF Accused (A-30)
31. M/s AM Business Ventures Pvt. Ltd. Accused (A-31)
32. M/s Trade Hub India Private Limited Accused (A-32)
33. M/s Lease Harbour Accused (A-33)
34. M/s Geoxa Foods Private Accused (A-34)

Limited (OPC)
35. M/s Geoxa Impex Pvt. Ltd. Accused (A-35)
36. M/s Color 9 Productions LLP. Accused (A-36)
37. M/s Ludhianvi Tigers Private Accused (A-37)

Limited (OPC)
38. M/s Goodluck Carbon Pvt. Ltd. Accused (A-38)
39. Utkarsh Pahwa Accused (A-39)
40. M/s Spectrum Credit and Investment Accused (A-40)
41. Leela Kirpal Accused (A-41)
��..ACCUSED
LIST OF WITNESSES
Sr. No.Name of the WitnessRemarks1Roopesh Kumar, Assistant Director (PMLA) / I.O.

of the case, Directorate of Enforcement, ChandigarhHe will assist the Hon�ble court
to prove the charges in the case under PMLA. He will also prove Panchnama dated
07.04.2017 in respect of searches conducted at M/s Heights International Tradehub
Private Limited & M/s Prithvi Infra Developers Private Limited situated at SCO 210
� 211, Third Floor, Sector 34 � A, Chandigarh � 160022.2IO of CBI. He will narrate
submission of Complaint against the accused in FIR No. FIR No. RCBD1/2016/E/0007
dated 08.08.20163Kashmir Singh, AGM, Indian Overseas Bank, IOBHe will prove the
documents submitted by the complainant bank (IOB) during investigation which have
been relied upon during filing of the Prosecution Complaint.4Neena Taneja, Senior
Manager, Custome Service, Hapag-Llyod India Pvt. Ltd., First Floor, Property No.
40, Okhla Industrial Estate, Phase 3, New Delhi � 110020.She will prove the import
documents, viz. Delivery order, Bill of Lading, KYC details submitted by her vide
her letter dated 03.07.2018 pertaining to B/L No. HLCUTPE150912889 dated
15.09.20155K K Bisht, Authorized Signatory, M/s Transmec India Pvt. Ltd. 610-611,
Chiranjiv Tower, 43, Nehru Place, New Delhi, Delhi 110019He will prove that their
company M/s Transmec India Pvt. Ltd. acted as delivery agent copy of in respect of
the B/L No. CANSE20302 dated 26.12.2015 and that the same submitted by them is a
true copy 6Nitin Girdhar, M/s Nextgen Financial Services, FF � 15, Omaxe Park
Plaza, Shakti Khand � II, Indirapuram, Ghaziabad, Uttar Pardesh � 201010He will
prove his statements dated 18.08.2017 and 04.09.2017 recorded under Section 50 of
the PML Act, 2002 and the contents stated in the said statements.7Sh. Santokh
Singh, Assistant Director, Directorate of Enforcement, ChandigarhHe will prove
Seizure Memo dated 07.04.2017 in respect of searches conducted at Residential
premises of Gaurav Kirpal situated at House No. 531, Sector 16D, Chandigarh (Second
floor).8Sh. S K Kantiwal, Deputy Director, Directorate of Enforcement, ChandigarhHe
will prove Report dated 07.04.2017 vide which it was shown that M/s Vyapar Agrotech
Limited & M/s Vyapar Impex Private Limited, 614, Sector 33B, Chandigarh were not
operating from the said premises.9Sh. R K Meena, Assistant Director, Directorate of
Enforcement, ChandigarhHe will prove Seizure Memo dated 07.04.2017 in respect of
searches conducted at Residential premises of Brigadier (Retd.) M.S.Dullat, House
No. 1563, Sector 34D, Chandigarh.10Sh. Munish Kumar, Assistant Director (PMLA),
Directorate of Enforcement, ChandigarhHe will prove Seizure Memo dated 07.04.2017
in respect of searches conducted at premises of Shri Dinesh Kumar S/o Lahori Lal,
Proprietor of M/s Vision Procon situated at 3086/1, Sector � 47D, Chandigarh �
160047.11Sh. Deepak Kumar Chunbouk, Assistant Director (PMLA), Directorate of
Enforcement, ChandigarhHe will prove Seizure Memo dated 07.04.2017 in respect of
searches conducted at residential premises situated at 267, Sector 10A,
Chandigarh.12
Sh. Rajesh Bhatt, Assistant Director, Directorate of Enforcement, ChandigarhHe will
prove Seizure Memo dated 07.04.2017 in respect of searches conducted at Business
premises of M/s Geoxa Steels Private Limited, Works: Village Kube, Tehsil Samrala
Ludhiana Punjab 141418.13
Sh. Arun Kumar, Assistant Director (PMLA), Directorate of Enforcement, ChandigarhHe
will prove Seizure Memo dated 07.04.2017 in respect of searches conducted at
Residential premises of Amanpreet Singh Sodhi situated at 26 � B, Sargodha Colony,
Pakhowal Road, Ludhiana.14Sh. K V Kumar, Assistant Director, Directorate of
Enforcement, ChandigarhHe will prove Report dated 07.04.2017 vide which it was
shown that the premises was taken on rent by M/s Heights International long ago and
at present they have vacated the same.15Sh. Avtar Singh, Assistant Director (PMLA),
Directorate of Enforcement, ChandigarhHe will prove Report dated 07.04.2017 vide
which it was shown that the premises was vacated by M/s Saibhakti Impex Pvt. Ltd.16
Sh. Dharam Dev Negi, Assistant Director (PMLA), Directorate of Enforcement,
ChandigarhHe will prove Seizure Memo dated 07.04.2017 in respect of searches
conducted at Residential premises of Vandana Johar W/o Ajay Johar & D/o Kaushal
Nath Kirpal situated at 16 � R, Model Town, Ludhiana.17Ms. Gurvinder Kaur,
Assistant Director, Directorate of Enforcement, JalandharHe will prove Seizure Memo
dated 07.04.2017 in respect of searches conducted at Residential premises of Aman
Kirpal situated at Villa 14A, Janpath Estate, Canal Road, Ludhiana.18
Sh. P K Chaudhary, Assistant Director, Directorate of Enforcement, JalandharHe will
prove Seizure Memo dated 07.04.2017 in respect of searches conducted at Business
premises of Gaurav Kirpal situated at 306, Industrial Area � A,
Ludhiana.19Dharminderjeet Singh, Director of M/s Global Printlink Graphics Private
Limited, SCO 210-11, Sector 34A, Chandigarh and R/o 171, Sector 51-A, Chandigarh �
160051He will prove statement dated 08.11.2017 recorded under Section 50 of the PML
Act, 2002.20Dharminder Sharma, Partner, M/s Kandaghat Holiday Homes, M/s Bot
Ventures and M/s Business Backers Marketing Solutions Resident of 1544, Sector 15,
Panchkula (Permanent address F 501, Ansal Woodbury Apartment, Zirakpur)He will
prove statement dated 05.06.2017 recorded under Section 50 of the PML Act,
2002.21Mahabir Singh, H. No. 134, Sector 35A, Chandigarh � 160022He will prove
statement dated 15.09.2017 recorded under Section 50 of the PML Act, 2002.22Dr.
Gaurav Gupta S/o Dr. Vijay Kumar Gupta, R/o 490-491, Sarojini Colony, Phase II,
Yamuna Nagar, Haryana � 135001He will prove statement dated 09.11.2017 recorded
under Section 50 of the PML Act, 2002.23Avtar Singh, M/s Intermodel Cargo Movers,
Custom House Agents, Room No. 235, 2nd Floor, Overseas Complex, C-205, Phase-V,
Focal Point, Ludhiana-141010He will prove the contents of his letter dated
12.06.201724Sh. Atul Mehrotra, Senior Manager, M/s Solaris Chemtech Industries
Ltd., First India Place, Tower C, Mehrauli Gurgaon Road, Haryana � 122002He will
prove statement dated 13.09.2017 recorded under Section 50 of the PML Act, 2002.
Additional list of witnesses will be filed if and when required.
Assistant Director (PMLA)

Directorate of Enforcement
IN THE COURT OF HON�BLE DESIGNATED SPECIAL COURT

UNDER THE PREVENTION OF MONEY LAUNDERING ACT, 2002, NEW DELHI
PMLA COMPLAINT CASE NO. : ��./ 2018

��..COMPLAINANT
Versus

��..COMPLAINANT
Versus
1. Ashu Mehra. Accused (A-1)

2. Dinesh Kumar Accused (A-2)
3. M/s Vision Procon Accused (A-3)
4. M/s Al Dishu Trading FZE Accused (A-4)
5. Amanpreet Singh Sodhi Accused (A-5)
6. M/s Heights International Accused (A-6)
7. M/s Geoxa Steels Pvt. Ltd. Accused (A-7)
8. M/s Colour Wave (HK) Ltd. Accused (A-8)
9. M/s Besco International FZE Accused (A-9)
10. M/s Saibhakti Impex Pvt. Ltd. Accused (A-10)
11. M/s Best Exports Accused (A-11)
12. M/s Omkara Worldwide Traders P. Ltd. Accused (A-12)
13. Aman Kirpal Accused (A-13)
14. Gaurav Kirpal Accused (A-14)
15. Brig. (Retd.) M S Dullat Accused (A-15)
16. M/s Heights International Tradehub Accused (A-16)

Private Limited
17. M/s Mekaster Ecosystems P. Ltd. Accused (A-17)
18. M/s Mekaster Engineering P. Ltd. Accused (A-18)
19. Virender Mohan Trehan Accused (A-19)
20. M/s Keshav International Accused (A-20)
21. RAP Events Accused (A-21)

22. M/s Pioneer Knitting Accused (A-22)
23. Surinder Kumar Palta Accused (A-23)
24. M/s Prithvi Infradevelopers Pvt. Ltd. Accused (A-24)
25. M/s Dreamheight Homes Pvt. Ltd. Accused (A-25)
26. M/s Global Trade Matrix Pvt. Ltd. Accused (A-26)
27. M/s G B Creative Line Accused (A-27)
28. M/s Prenda Creations Pvt. Ltd. Accused (A-28)
29. M/s Mehra & Sons HUF Accused (A-29)
30. M/s Dinesh Kumar & Sons HUF Accused (A-30)
31. M/s AM Business Ventures Pvt. Ltd. Accused (A-31)
32. M/s Trade Hub India Private Limited Accused (A-32)
33. M/s Lease Harbour Accused (A-33)
34. M/s Geoxa Foods Private Accused (A-34)

Limited (OPC)
35. M/s Geoxa Impex Pvt. Ltd. Accused (A-35)
36. M/s Color 9 Productions LLP. Accused (A-36)
37. M/s Ludhianvi Tigers Private Accused (A-37)

Limited (OPC)
38. M/s Goodluck Carbon Pvt. Ltd. Accused (A-38)
39. Utkarsh Pahwa Accused (A-39)
40. M/s Spectrum Credit and Investment Accused (A-40)

41. Leela Kirpal Accused (A-41)
��..ACCUSED
LIST OF RELIED UPON DOCUMENTS

Sr. No.Particulars of Relied Upon DocumentsNumber of PagesPage Nos.FromTo1Central
Government and Government of India Notification No. 6/14/2008-ES dated 11.11.2014
issued by the Under Secretary, Ministry of Finance (Department of Revenue), New
Delhi 1112Copy of FIR No. RCBD1/2016/E/0007 of CBI dated 08.08.2016 is
142153Copy of ECIR No. CDZO/06/2016 dated 19.09.2016 716224Certificates U/s 65-B of
the Indian Evidence Act, 1872 and 2A of the Banker Books Evidence Act in respect
of following 15 Unpaid Buyers Credit alongwith SWIFT copies of 15 Buyers Credit
42326Copy of Buyers Credit Reference No. 284/MISCIN/23/15252751Copy of Buyers
Credit Reference No. 284/MISCIN/39/15215272Copy of Buyers Credit Reference No.
284/MISCIN/40/15177389Copy of Buyers Credit Reference No.
284/MISCIN/33/146125130Copy of Buyers Credit Reference No. 284/MISCIN/52/15
pertaining to Bank of Baroda, Bahamas6131136Copy of Buyers Credit Reference No.
284/MISCIN/52/15 pertaining to PNB, Dubai9137145Copy of Buyers Credit Reference No.
284/MISCIN/07/16112042145Letter Ref. No. 0284/171/2018-19 dated 13.07.2018 of IOB,
Sector 7, Chandigarh 1215215Certificates U/s 65-B of the Indian Evidence Act, 1872
and 2A of the Banker Books Evidence Act alongwith certified copy of the B/L No.
HLCUTPE150912889 dated 15.09.2015 alongwith copy of LC No. 0284/MISCIN/17/15 dated
08.09.2015 issued to M/s Temperate Agrosystems 39216254Certificates U/s 65-B of the
Indian Evidence Act, 1872 and 2A of the Banker Books Evidence Act alongwith
certified copy of the B/L No. CANSE20302 showing B/L in favour of Milano Bathroom
Fittings P. Ltd. 13255267Certificates U/s 65-B of the Indian Evidence Act, 1872 and
2A of the Banker Books Evidence Act alongwith certified copy of the B/L No.
HLCUTPE150912889 dated 15.09.2015 with copy of LC No. 0284/MISCIN/17/15 dated
08.09.2015322682996Copy of the B/L No. HLCUTPE150912889 dated 15.09.2015 forwarded
vide letter dated 03.07.2018 by the Shipping Line Hapag-Llyod India Pvt. Ltd.,
First Floor, Property No. 40, Okhla Industrial Estate, Phase 3, New Delhi �
110020.143003137Copy of B/L No. CANSE20302 dated 15.09.2015 alongwith Bill of Entry
provided by M/s Transmec (India) Private Limited, 610-611, Chiranjiv Tower, 43,
Nehru Place, New Delhi-110019113143248Copy of statement dated 20.06.2018 of
accused Ashu Mehra recorded under Section 50 of the PML Act, 2002 is 73253319Copy
of statement dated 06.07.2018 of accused Ashu Mehra recorded under Section 50 of
the PML Act, 2002 is 1733234810Certificates U/s 65-B of the Indian Evidence Act,
1872 and 2A of the Banker Books Evidence Act in respect of following 26 Paid
Buyers Credit inclusive of Rollover Buyers Credit and following list of Buyers
Credit2349350284/MISCIN/03/15 dated 05.02.2015 alongwith supporting
documents19351369284/MISCIN/02/15 dated 04.02.2015 alongwith supporting documents
and copy of B/L No. APLU051637424 provided by APL33370402284/MISCIN/08/15 dated
07.03.2015 alongwith supporting documents21403423284/MISCIN/07/15 dated 07.03.2015
alongwith supporting documents and B/L copy provided by Star Shipping Services
(India) Pvt. Ltd.31424454284/MISCIN/09/15 dated 13.03.2015 alongwith supporting
documents25455479284/MISCBC/39/11 dated 04.06.2012 alongwith supporting
documents7480486284/BEST/BC/13 dated 13.09.2013 alongwith supporting
documents5487491284/BCBEST/02/13 dated 24.09.2013 alongwith supporting
documents5492496284/HKBCTR/23/13 dated 19.11.2013 & Rollover BC No.
284/HKBCTR/23/13 dated 17.05.2014 alongwith supporting
documents17497513284/MISCBC/03/13 dated 22.11.2013 & Rollover BC No.
284/MISCBC/03/13 dated 19.05.2014 alongwith supporting
documents6528533284/HKBCTR/18/13 dated 04.01.2014 alongwith supporting
documents6534539284/HKBCTR/21/13 dated 10.01.2014 alongwith supporting
documents6540545284/MISCBS/01/14 dated 05.03.2014 alongwith supporting
documents9595603284/IOBNSI/26/14 dated 23.07.2014 alongwith supporting
documents6617622284/MISCIN/35/14 dated 10.09.2014 alongwith supporting
documents2066968811Certificates U/s 65-B of the Indian Evidence Act, 1872 and 2A of
the Banker Books Evidence Act in respect of following 14 Paid Letters of Credit
2689690284/MISCIN/39/11 dt. 20.12.201115691705284/MISCIN/06/12 dt.
14.03.20127706712284/MISCIN/20/12 dt. 10.08.20124713716284/IOBNSI/31/12 dt.
03.10.20124717720284/IOBNSI/33/12 dt. 17.12.20126721726284/HKBCTR/07/13 dt.
04.03.201325727751284/JPMCNY/12/13 dt. 14.05.20139752760284/HKBCTR/13/13 dt.
13.06.201312761772284/HKBCTR/18/13 dt. 04.07.201322773794284/HKBCTR/21/13 dt.
19.07.201314795808284/HKBCTR/23/13 dt. 02.09.201339809847284/HKBCTR/24/13 dt.
10.09.201328848875284/IOBNSI/27/13 dt. 08.11.201310876885284/IOBNSI/26/13 dt.
13.11.2013 1788690212Copy of Buyers Credit / LOU bearing Reference No.
284/MISCBC/33/14 dated 01.09.2014 alongwith supporting documents and Roll over
BC1190391313Copy of statement dated 28.07.2017 of Amanpreet Singh Sodhi recorded
under Section 50 of the Prevention of Money Laundering Act, 2002 is491491714Copy of
statement dated 18.08.2017 of Nitin Girdhar of M/s Nextgen Financial Services
recorded under Section 50 of the Prevention of Money Laundering Act, 2002
is1691893315Copy of statement dated 04.09.2017 of Nitin Girdhar of M/s Nextgen
Financial Services recorded under Section 50 of the Prevention of Money Laundering
Act, 2002162934109516Copies of SWIFT messages in respect of foreign inward
remittances received in M/s Heights International Bank A/c No. 028402000012941 in
Indian Overseas Bank, Chandigarh 1631096125817Copy of the SWIFT message /
supporting document in respect of the Inward Remittance USD 102322.19 (Rs.
55,18,236.00) which has been credited in the Deutsche Bank account of M/s Heights
International 11259125918Copies of SWIFT messages / supporting document in respect
of foreign inward remittances received in M/s Globus Green Energy Bank A/c No.
181002000000276 in Indian Overseas Bank, Chandigarh alongwith requisites
certificates under Indian Evidence Act131260127219Copies of the SWIFT messages /
supporting document in respect of the foreign inward remittances received in M/s
Vision Procon A/c No. 028402000012935 in Indian Overseas Bank, Chandigarh alongwith
requisites certificates under Indian Evidence Act101273128220Copies of SWIFT
messages / supporting document in respect of foreign inward remittances received in
M/s Saibhakti Impex Pvt. Ltd. A/c No. 028402000012769 in Indian Overseas Bank,
Chandigarh alongwith requisites certificates under Indian Evidence
Act161283129821Details submitted in a list by IndusInd Bank in respect of foreign
inward remittances received in M/s Saibhakti Impex Pvt. Ltd. A/c No. 200002348623
in IndusInd Bank, Chandigarh81299130622Copies of SWIFT messages / supporting
document in respect of foreign inward remittances received in M/s Best Exports A/c
No. 028402000012799 in Indian Overseas Bank, Chandigarh alongwith requisites
certificates under Indian Evidence Act191307132523Details submitted in a list by
IndusInd Bank in respect of foreign inward remittances received in M/s Best Exports
A/c No. 200002366344 in IndusInd Bank, Chandigarh101326133524Copies of SWIFT
M/s Best Exports A/c Nos. 000024437110019 and 000017548690019 maintained in
Deutsche Bank31336133825Copies of SWIFT messages / supporting document in respect
of foreign inward remittances received in M/s Omkara Worldwide Traders Pvt. Ltd.
A/c No. 028402000012902 in Indian Overseas Bank alongwith requisites certificates
under Indian Evidence Act1551339149326Copies of SWIFT messages / supporting
document in respect of foreign inward remittances received in M/s Omkara Worldwide
Traders Pvt. Ltd. A/c No. 200999576405 in IndusInd Bank41494149727Copies of SWIFT
M/s Omkara Worldwide Traders Pvt.Ltd. A/c No. 911020063452151 in Axis
Bank41498150128Copies of SWIFT messages / supporting document in respect of
foreign inward remittances received in M/s Keshav International A/c No.
028402000012948 in Indian Overseas Bank alongwith requisites certificates under
Indian Evidence Act801502158129Copy of one list showing receipt of foreign inward
remittances in M/s Keshav International A/c No. 201000798504 in IndusInd
Bank11582158230Copy of list showing receipt of foreign inward remittances received
in M/s Pioneer Knitting A/c No. 200999917208 in IndusInd Bank 31583158531Copies of
foreign inward remittances received in M/s Mekaster Ecosystems Pvt. Ltd. A/c No.
903610113353 in Syndicate Bank 51586159032Copy of foreign inward
remittance document of funds received in M/s J & S Exports A/c No. 200999413830 in
IndusInd Bank alongwith FIRC copy21591159233Seizure Memo dated 07.04.2017 in
respect of search conducted at Business premises of M/s Mekaster Ecosystems Private
Limited, 908, Ansal Bhawan, 16, Kasturba Gandhi Marg, New Delhi41593159634Seizure
Memo dated 07.04.2017 in respect of search conducted at business premises of M/s
Heights International Tradehub Private Limited & M/s Prithvi Infra Developers
Private Limited situated at SCO 210 � 211, Third Floor, Sector 34 � A, Chandigarh �
160022 41597160035Seizure Memo dated 07.04.2017 in respect of search conducted at
Residential premises of Mr. Gaurav Kirpal situated at House No. 531, Sector 16D,
Chandigarh (Second floor)151601161536Report dated 07.04.2017 in respect of search
conducted at M/s Vyapar Agrotech Limited & M/s Vyapar Impex Private Limited, 614,
Sector 33B, Chandigarh41616161937Seizure Memo dated 07.04.2017 in respect of search
conducted at Residential premises of Brigadier (Retd.) M.S.Dullat, House No. 1563,
Sector 34D, Chandigarh21620162138Seizure Memo dated 07.04.2017 in respect of search
conducted at Business-cum-residential premises of Shri Dinesh Kumar S/o Mr. Lahori
Lal, Proprietor of M/s Vision Procon situated at 3086/1, Sector � 47D, Chandigarh
� 16004721622162339Seizure Memo dated 07.04.2017 in respect of search conducted at
Residential premises of Ashu Mehra situated at H. No. 267, Sector 10A,
Chandigarh41624162740Seizure Memo dated 07.04.2017 in respect of search conducted
at Business premises of M/s Geoxa Steels Private Limited, Works: Village Kube,
Tehsil Samrala Ludhiana Punjab 14141821628162941Seizure Memo dated 07.04.2017 in
respect of search conducted at Residential premises of Mr. Amanpreet Singh Sodhi
situated at 26 � B, Sargodha Colony, Pakhowal Road, Ludhiana 21630163142Report
dated 07.04.2017 in respect of search conducted at Business premises of M/s Heights
International situated at 2384, Krishna Nagar, Near Aarti Chowk, Ludhiana � 141001
41632163543Report dated 07.04.2017 in respect of search conducted at Registered
Office of M/s Saibhakti Impex Pvt. Ltd. situated at E-328, First Floor, Industrial
Area, Focal Point, Phase IV, Ludhiana 21636163744Seizure Memo dated 07.04.2017 in
respect of search conducted at Residential premises of Vandana Johar W/o Ajay Johar
& D/o Kaushal Nath Kirpal situated at 16 � R, Model Town, Ludhiana
21638163945Seizure Memo dated 07.04.2017 in respect of search conducted at
Residential premises of Mr. Aman Kirpal situated at Villa 14A, Janpath Estate,
Canal Road, Ludhiana 21640164146Seizure Memo dated 07.04.2017 in respect of search
conducted at Business premises of Mr. Gaurav Kirpal situated at 306, Industrial
Area � A, Ludhiana is 81642164947Seizure Memo dated 13.04.2017 in respect of search
at the business premises of M/s RAP Events, H. No. 127, Sector 10, Panchkula
21650165148Copy of statement dated 13.04.2017 of Shri Rakesh Kumar, Partner, M/s
RAP Events recorded during search at the business premises of M/s RAP Events under
Section 17 of the PMLA, 2002 211652167249Copy of statement dated 13.04.2017 of Smt.
Bhawna Kirpal recorded during search at business premises of M/s RAP Events under
Section 17 of the PMLA, 2002 31673167550Copies of Valuation Report dated 21.04.2017
& Seizure Memo dated 21.04.2017 in respect of conduct of search of Locker No. 118,
Indian Overseas Bank, SCO 26, Sector 7C, Chandigarh 41676167951Report dated
24.04.2017 in respect of search of Locker No. 423 in South Indian Bank, Regal
Building, Connaught Place, New Delhi is 11680168052Report dated 24.04.2017 in
respect of search of Locker No. 416 in South Indian Bank, Regal Building, Connaught
Place, New Delhi 11681168153Report dated 25.04.2017 in respect of search of Locker
No. 64 in Syndicate Bank, Nehru Bhawan, I.P. Estate, Bahadur Shah Zafar Marg, New
Delhi � 110002 11682168254Report dated 25.04.2017 in respect of search of Locker
No. 289 in Syndicate Bank, Nehru Bhawan, I.P. Estate, Bahadur Shah Zafar Marg, New
Delhi � 110002 11683168355Copies of Valuation Report dated 28.04.2017 & Seizure
Memo dated 28.04.2017 in respect of conduct of search of Locker No. 182, Oriental
Bank of Commerce, Sarabha Nagar, Ludhiana 31684168656Letter F. No.
ECIR/CDZO/06/2016/47 dt. 07.04.2017 - Freezure Order21687168857Letter F. No.
ECIR/CDZO/06/2016 dt. 07.04.2017 - Freezure Order11691169160Letter F. No.
ECIR/CDZO/06/2016/48 dt. 07.04.2017- Freezure Order21693169462Letter F. No.
ECIR/CDZO/06/2016/165 dt. 12.04.2017 - - Freezure Order11702170270Letter F. No.
ECIR/CDZO/06/2016/160-161 dt. 11.04.2017- Freezure Order11708170876Letter F. No.
ECIR/CDZO/06/2016 dt. 07.04.2017- Freezure Order11709170977Letter F. No.
ECIR/CDZO/06/2016 dt. 07.04.2017- Freezure Order11711171179Letter F. No.
ECIR/CDZO/06/2016 dt. 07.04.2017- Freezure Order11725172593Copy of IOB A/c
Statement having Account No. 28402000012941 of M/s Heights International in IOB
alongwith Certificates U/s 65-B of the Indian Evidence Act, 1872 and 2A of the
Banker Books Evidence Act 251726175094Copy of IOB A/c Statement having Account No.
28402000012935 of M/s Vision Procon alongwith Certificates U/s 65-B of the
Indian Evidence Act, 1872 and 2A of the Banker Books Evidence Act 181751176895Copy
of IOB A/c Statement having Account No. 28402000012769 of M/s Saibhakti Impex
Pvt. Ltd. alongwith Certificates U/s 65-B of the Indian Evidence Act, 1872 and 2A
of the Banker Books Evidence Act 1841769195296Copy of IOB A/c Statement having
Account No. 28402000012799 of M/s Best Exports alongwith Certificates U/s 65-B
of the Indian Evidence Act, 1872 and 2A of the Banker Books Evidence Act
761953202897Copy of IOB A/c Statement having Account No. 28402000012968 of M/s
Pioneer Knitting alongwith Certificates U/s 65-B of the Indian Evidence Act, 1872
and 2A of the Banker Books Evidence Act 142029204298Copy of IOB A/c Statement
having Account No. 28402000012902 of M/s Omkara World Wide Traders Pvt. Ltd.
Banker Books Evidence Act 332043207599Copy of IOB A/c Statement having Account No.
28402000012948 of M/s Keshav International alongwith Certificates U/s 65-B of the
Indian Evidence Act, 1872 and 2A of the Banker Books Evidence Act 2320762098100Copy
of IOB A/c Statement having Account No. 156502000000626 of M/s Omkara World Wide
Traders Pvt. Ltd. alongwith Certificates U/s 65-B of the Indian Evidence Act, 1872
and 2A of the Banker Books Evidence Act 1620992114101Copy of IOB A/c Statement
having Account No. 28401000026338 of Bhawana Kirpal & Gaurav Kirpal alongwith
Certificates U/s 65-B of the Indian Evidence Act, 1872 and 2A of the Banker Books
Evidence Act 7121152185102Copy of IOB A/c Statement having Account No.
156501000003377 of Gaurav Kirpal alongwith Certificates U/s 65-B of the Indian
Evidence Act, 1872 and 2A of the Banker Books Evidence Act 621862191103Copy of IOB
A/c Statement having Account No. 2401000031110 of Ashna Kirpal alongwith
Certificates U/s 65-B of the Indian Evidence Act, 1872 and 2A of the Banker Books
Evidence Act 321922194104Copy of IOB A/c Statement having Account No.
208301000000709 of Ranjit Kaur Dullat & Tina Yashdeep Mehra alongwith Certificates
U/s 65-B of the Indian Evidence Act, 1872 and 2A of the Banker Books Evidence Act
1421952208105Copy of IOB A/c Statement having Account No. 208301000006449 of Tina
Yashdeep Mehra alongwith Certificates U/s 65-B of the Indian Evidence Act, 1872 and
2A of the Banker Books Evidence Act 5022092258106Copy of IOB A/c Statement having
Account No. 28402000012949 of English Educational
Services Training alongwith Certificates U/s 65-B of the Indian Evidence Act,
1872 and 2A of the Banker Books Evidence Act 1922592277107Copy of A/c Statement
having Account No. 14190200000862 of M/s Omkara Worldwide Traders Private Ltd.
Banker Books Evidence Act 722782284108Copy of A/c Statement having Account No.
1502002100050901 of Prithvi Infra Developer Pvt. Ltd. in Punjab National
Bank7322852357109Copy of A/c Statement having Account No. 2416002100044150 of M/s
Best Exports in Punjab National Bank223582359110Copy of A/c Statement having
Account No. 3248000100221630 of Surinder Kumar Palta in Punjab National Bank
123602360111Copy of A/c Statement having Account No. 3248009300005356 of Surinder
Kumar Palta in Punjab National Bank123612361112Copy of A/c Statement having
Account No. 575002100055631 of M/s Sai Bhakti Impex Pvt. Ltd. in Punjab National
Bank323622364113Copy of A/c Statement having Account No. 57500200055622 of M/s
Best Exports in Punjab National Bank223652366114Copy of A/c Statement having
Account No. 93505500205 of M/s Prithvi Infra Developers Pvt. Ltd. in Punjab
National Bank 2123672387115Copy of A/c Statement having Account No. 134105500453
of M/s Prithvi Infra Developers Pvt. Ltd. in ICICI Bank 9223882479116Copy of A/c
Statement having Account No. 36201500585 of Anish Palta in ICICI Bank
2624802505117Copy of A/c Statement having Account No. 134105500490 of M/s Sterling
Sports Rehab & Advance Physioth in ICICI Bank 1525062520118Copy of A/c Statement
having Account No. 134105500463 of M/s English Educational Services & Training in
ICICI bank1025212530119Copy of A/c Statement having Account No. 134105000389 of
M/s EES Student Visa Advisors Pvt. Ltd. in ICICI Bank1225312542120Copy of A/c
Statement having Account No. 134105000329 of M/s Dreamheight Homes Pvt. Ltd. in
ICICI Bank 925432551121Copy of A/c Statement having Account No. 134105000309 of
M/s Prithvi Infra Developers Pvt. Ltd. in ICICI Bank425522555122Copy of A/c
Statement having Account No. 134105000328 of M/s Global Printlink Graphics Pvt.
Ltd. in ICICI Bank 725562562123Copy of A/c Statement having Account No.
134105500545 of M/s Kandaghat Holiday Homes in ICICI Bank225632564124Copy of A/c
Statement having Account No. 259872848167 of M/s Vision Procon in IndusInd Bank
3125652595125Copy of A/c Statement having Account No. 201000798504 of M/s Keshav
International in IndusInd Bank 425962599126Copy of A/c Statement having Account
No. 200002366344 of Best Exports in IndusInd Bank 7526002674127Copy of A/c
Statement having Account No. 200999917208 of Surinder Kumar Palta / Pioneer
Knitting in IndusInd Bank 2826752702128Copy of A/c Statement having Account No.
200999956788 of M/s Global Trade Matrix Pvt. Ltd. in IndusInd Bank 727032709129Copy
of A/c Statement having Account No. 200002348623 of M/s Saibhakti Impex Pvt. Ltd.
in IndusInd Bank 30727103016130Copy of A/c Statement having Account No.
100042214415 of Mr. Gaurav Kirpal & Mrs. Bhawna Kirpal in IndusInd Bank
130173017131Copy of A/c Statement having Account No. 201000791909 of M/s G B
Creative Line in IndusInd Bank 630183023132Copy of A/c Statement having Account No.
100042243231 of Mr. Gaurav Kirpal & Mrs. Bhawna Kirpal in IndusInd Bank
130243024133Copy of A/c Statement having Account No. 259501007218 of Heights
International Tradehub Private Limited in IndusInd Bank 1530253039134Copy of A/c
Statement having Account No. 259646619019 of M/s Mekastar Engineering Limited in
IndusInd Bank 1430403053135Copy of A/c Statement having Account No. 200999576405
of M/s Omkara Worldwide Traders Pvt. Ltd. in IndusInd Bank 4730543100136Copy of
A/c Statement having Account No. 2360210002575 of M/s Saibhakti Impex Pvt. Ltd. in
UCO Bank 231013102137Copy of A/c Statement having Account No. 4880210001585 of M/s
Mekaster Engineering Limited in UCO Bank 4731033149138Copy of A/c Statement having
Account No. 1340210000960 of M/s Goodluck Carbon Pvt. Ltd. in UCO
Bank831503157139Copy of A/c Statement having Account No. 2360110028865 of Mr.
Gaurav Kirpal in UCO Bank531583162140Copy of A/c Statement having Account No.
2360510011980 of Mr. Gaurav Kirpal in UCO Bank231633164141Copy of A/c Statement
having Account No. 5340210003541 of M/s Prenda Creations Pvt. Ltd. in UCO
Bank231653166142Copy of A/c Statement having Account No. 50200007029592 of Geoxa
Steels Pvt. Ltd. in HDFC Bank 1631673182143Copy of A/c Statement having Account No.
1081930008427 of Anish Palta in HDFC Bank431833186144Copy of A/c Statement having
Account No. 13212000000590 of M/s RAP Events in HDFC Bank1531873201145Copy of A/c
Statement having Account No. 50100043909370 of Mrs. Ranjit Kaur in HDFC
Bank332023204146Copy of A/c Statement having Account No. 50100018282269 of Tina
Yashdeep Mehra in HDFC Bank 932053213147Copy of A/c Statement having Account No.
1462000100117301 of M/s Mehra & Sons in Karnataka Bank532143218148Copy of A/c
Statement having Account No. 1462000100116400 of M/s Vision Procon in Karnataka
Bank632193224149Copy of A/c Statement having Account No. 1462000100119200 of AM
Business Ventures P. Ltd. in Karnataka Bank132253225150Copy of A/c Statement having
Account No. 1462500101158100 of Ashu Mehra in Karnataka Bank532263230151Copy of
A/c Statement having Account No. 1462500101103801 of M/s Mehra & Sons HUF in
Karnataka Bank1432313244152Copy of A/c Statement having Account No.
1462000100115700 of M/s Trade Hub India Private Ltd. 632453250153Copy of A/c
Statement having Account No. 4527000100353000 of M/s Golden Processors
10332513353154Copy of A/c Statement having Account No. 324010100047269 of Mr.
Gaurav Kirpal 2333543376155Copy of A/c Statement having Account No. 11188460028 of
M/s Heights International 2533773401156Copy of A/c Statement having Account No.
400022471690019 of Amanpreet Singh Sodhi 234023403157Copy of A/c Statement having
Account No. 65217110302 of Dinesh Kumar Prop. M/s Vision Procon 6434043467158Copy
of A/c Statement having Account No. 65215642487 of M/s Sai Bhakti Impex Pvt. Ltd.
11734683584159Copy of A/c Statement having Account No. 62427618568 of Gaurav
Kirpal/Best Exports/Sai Bhakti Impex Pvt. Ltd. 535853589160Copy of A/c Statement
having Account No. 5415385050053880 of Ashu Mehra 7135903660161Copy of A/c
Statement having Account No. 60212701271 of Amanpreet Singh Sodhi / Height
International 336613663162Copy of A/c Statement having Account No. 34013100000618
of M/s Geoxa Steels Pvt. Ltd. 31433643677163Copy of A/c Statement having Account
No. 3010898668 of Mr. S.K. Palta & Mrs. Sanyokta Palta 3136783708164Copy of A/c
Statement having Account No. 3466901130 of M/s Global Trade Matrix Pvt.
Ltd.237093710165Copy of A/c Statement having Account No. 27261900000142 of M/s Bot
Ventures 237113712166Copy of A/c Statement having Account No. 27261900000161 of
M/s Business Backers Marketing Solutions 237133714167Copy of A/c Statement having
Account No. 27250900000074 of Ashu Mehra 137153715168Copy of A/c Statement having
Account No. 27261900000341 of M/s Lease Harbour 137163716169Copy of A/c Statement
having Account No. 27263300000254 of AM Business Ventures (P) Ltd.
137173717170Letter F. No. ECIR/CDZO/06/2016/274-275 dated 21.04.2017 for freezing
of the properties, viz. a) SCO 42, Ground Floor, First Floor and Second Floor,
Sodhi; b) House No. 267, Sector 10A, Chandigarh (Area 809.08 Sq. Yards) in the
name of M/s Global Trade Matrix Pvt. Ltd. (Through its Director Brig. Malkiat Singh
Dullat); c) H. No. 3348, Sector-35 D, Chandigarh in the name of Mehra & Sons (HUF);
and d) H. No. 3086/1, Sector 47-D, Chandigarh �3�3718�3720171Letter F. No.
ECIR/CDZO/06/2016/276 dated 21.04.2017 for freezing of the property situated at
Flat No. 109, Ground Floor, Cooperative Housing Complex, Sector 79, Mohali
�1�37213721�172Letter F. No. ECIR/CDZO/06/2016/277-278 dated 21.04.2017 for
freezing of the property situated at Flat No. 701, 7th Floor, Block-A,
Societies Plot No. GH2, Sector � 23, Panchkula. �1�3722�3722173Letter F. No.
ECIR/CDZO/06/2016/279 dated 21.04.2017 for freezing of the properties, viz. a)
Khasra No. 196/214, Khasra No. 2106/682 at Vill. Dabhota, Tehsil Nalagarh, Distt.
Solan, H.P.
b) Land measuring 15 Marla comprised in Khewat / Khatauni No. 55/57 Min, Khasra No.
685/342/264 (0-15) situated at Village Thanthewal, Tehsil Nalagarh, District Solan,
H.P. �1�3723�3723174Letter F. No. ECIR/CDZO/06/2016/280-281 dated 21.04.2017 for
freezing of the property situated at 8B-4B, Khewat No. 276/261, Vill. Rampur,
Tehsil-Payal, District- Ludhiana in the name of M/s Geoxa Foods (Prop. Sh.
Amanpreet Singh Sodhi) �1�3724�3724175Letter F. No. ECIR/CDZO/06/2016/282 dated
21.04.2017 for freezing of the property situated at Villa No. 14A, Janpath
Estate, Canal Road, Ludhiana �1�3725�3725176Letter F. No. ECIR/CDZO/06/2016/283
dated 21.04.2017 for freezing of the property situated at Freehold Residential
House No. 191, Green Avenue, Amritsar admeasuring 327 Sq. Yards bearing Khasra No.
1250/505-506 situated at Tungbala Urban Green Avenue, Amritsar in the name of M/s
Mehra & Sons (HUF) �1�3726�3726177Letter F. No. ECIR/CDZO/06/2016/285-286 dated
21.04.2017 for freezing of the property situated at a) Portion of Plot No. 47,
Ashoka Park Extension, New Delhi purchased from Rifakat Ali & Others by Amanpreet
Singh Sodhi
b) Portion of Plot No. 48, Ashoka Park Extension, New Delhi purchased from
Mauhabbat & Others by Amanpreet Singh Sodhi �1�3727�3727178Letter F.
No. ECIR/CDZO/06/2016/287 dated 21.04.2017 for freezing of the property situated
at Part of Property Number 2248, 2249, 2250, 2251, 2252 & 2253 Dr. H.C.Sen
Road, Fountain, Chandni Chowk, New Delhi �1�3728�3728179Letter F. No.
ECIR/CDZO/06/2016/298 dated 21.04.2017 for freezing of the property situated at
Mustatil No. 53, Kila No. 20 and 21, Revenue Estate, Village Jonapur, Tehsil
Mehrauli, New Delhi purchased from Mrs. Nirmala Jain w/o Mr. Nirmal Jain by Mrs.
Alka Pahwa w/o Mr. Rajendra Kumar (R/o 45, Bandh Road, Chattarpur, New Delhi.)
�1�3729�3729180Copy of Order dated 12.09.2017 passed by Adjudicating Authority for
confirmation of OA No. 93 of 2017�122�3730�3852181Copies of the Account Statements
bearing Account Nos. 01071000196271 of Mahabir Singh, 08742010005440 of Parvinder
Kaur Pahuja w/o Mahabir Singh, 08742010003780 of Jaswant Kaur mother of Mahabir
Singh, 08742010004470 of Bikrambeer Singh Pahuja s/o Mahabir Singh, 915010000832591
of Dr. Gaurav Gupta �3�3853�3885182Copies of statement dated 15.09.2017 of Mahabir
Singh recorded under Section 50 of the PML Act, 2002 �3�38563858�183Copies of
statements dated 09.11.2017 of Dr. Gaurav Gupta recorded under Section 50 of the
PML Act, 2002�18�38593877�184Copies of statements of Dinesh Kumar, Director of M/s
Trade Hub India Private Limited dated 10.07.2017 and 18.07.2017 recorded under
Section 50 of the PML Act, 2002 4�
�38783881�185Copies of documents received from Registrar Of Companies mentioning
the transfer of 95% shareholding from Dinesh Kumar, Director of M/s Trade Hub India
Private Limited to M/s Mehra & Sons (HUF)�50�3882�3931186Copy of Letter
ECIR/CDZO/06/2016/IV/4989 dated 08.12.2017 for freezing of FD No. 50300217807305
of Mr. Mahabir Singh �
16�39323947�187Copy of Letter ECIR/CDZO/06/2016/IV/4988 dated 08.12.2017 for
freezing of FD No. 08743031048598 of Mrs. Jaswant Kaur , FD No. 08743031048604 of
Mrs. Parvinder Kaur Pahuja, FD No. 08743031048741 of Mr. Bikrambeer Singh Pahuja
�2�3948�3949188Copy of Letter ECIR/CDZO/06/2016/IV/4990 dated 08.12.2017 for
freezing of FD No. 11393031036961 of Dr. Gaurav Gupta �6�3950
3950�189Copies of Fixed Deposits bearing FD No. 50300217807305 of Mr. Mahabir
Singh , FD No. 08743031048598 of Mrs. Jaswant Kaur , FD No. 08743031048604 of Mrs.
Parvinder Kaur Pahuja, FD No. 08743031048741 of Mr. Bikrambeer Singh Pahuja , FD
No. 11393031036961 of Dr. Gaurav Gupta �13�3951�3955190Copies of Bank Account
Statements of Bank Account bearing No. 034011100005020 of M/s Geoxa Impex Pvt.
Ltd. , 034011100005118 of M/s Colour 9 Productions LLP , 034011100004492 of M/s
Ludhianvi Tigers Pvt. Ltd. (OPC) 034010100043668 of Amanpreet Singh Sodhi
�13�3956�3968191Copy of Letter ECIR/CDZO/06/2016/Pt.IV/5047 dated 13.12.2017 for
freezing of Bank Account bearing No. 034011100005020 of M/s Geoxa Impex Pvt.
Ltd. , 034011100005118 of M/s Colour 9 Productions LLP , 034011100004492 of M/s
Ludhianvi Tigers Pvt. Ltd. (OPC) , 28402000012799 of Mr. Amanpreet Singh
Sodhi1�39693969�192Copy of Order dated 22.05.2018 passed by Adjudicating Authorithy
for confirmation of OA No. 161 of 2018�41�3970�4010193Copy of statement dated
06.07.2018 of Gaurav Kirpal recorded under Section 50 of the PML Act, 2002�8�4011
�4018194Copy of Insurance document of One Toyota Fortuner bearing Registration No.
CH01AE7171 in the name of M/s Saibhakti Impex Pvt. Ltd. �4�4019�4022195Copy of
statement dated 08.06.2018 of Leela Kirpal recorded under Section 50 of the PML
Act, 2002�6�40234028�196Copy of statement dated 29.11.2017 of Atul Kumar Garg of
M/s Besco International FZE, UAE recorded under Section 50 of the PML Act,
2002�145�4029�4174197Copy of statement dated 19.12.2017 of the Dinesh Kumar
recorded under Section 50 of the PML Act, 2002 �23�4175�4197198Copy of statement
dated 30.06.2017 of the Dinesh Kumar recorded under Section 50 of the PML Act,
2002 �31�41984228199Copy of statement dated 12.05.2017 of the Dinesh Kumar
dated 21.07.2017 of Mr. S.K. Palta, Proprietor of M/s Pioneer Knitting recorded
under Section 50 of the PML Act, 2002�5�4242�4246201Copy of statement dated
19.05.2017 of M/s Vandana Johar, Proprietor of M/s Keshav International, Ludhiana
dated 14.09.2017 of the Dinesh Kumar recorded under Section 50 of the PML Act,
20021642664281203Copy of statement dated 01.05.2017 of Amanpreet Singh Sodhi
recorded under Section 50 of the PML Act, 20021142824292204Copy of statement dated
28.06.2017 of Amanpreet Singh Sodhi recorded under Section 50 of the PML Act,
2002442934296205Copy of statement dated 08.11.2017 of Dharminderjeet Singh,
Director, M/s Dreamheight Homes Pvt. Ltd. recorded under Section 50 of the PML
Act, 2002642974302206Copy of statement dated 05.06.2017 of Dharminder Sharma,
Partner of M/s Kandaghat Holiday Homes recorded under Section 50 of the PML Act,
20024743034349207Copy of statement dated 12.02.2018 of Ms. Bhawna Kirpal w/o
Gaurav Kirpal (accused) recorded under Section 50 of the PML Act, 2002
643504355208Copy of Chart submitted by M/s Mekaster Ecosystems Pvt. Ltd. and M/s
Mekaster Engineering Ltd. showing the total amount received by them from M/s
Vision Procon, M/s Heights International, M/s Colour Wave Limited, etc.
543564360209Copy of chart submitted by M/s Mekaster Ecosystems Pvt. Ltd. and M/s
Mekaster Engineering Ltd. showing the payments sent by M/s Heights International
and M/s Colour Wave Ltd. / M/s Colour Wave (HK) Ltd. to M/s Borsig Membrane
Technology, Germany for import of Vapour Recovery Units for installation at HPCL
projects in Bokaro, Kadapa and Paradeep3443614394210Copy of statement dated
30.05.2017 of V.M Trehan , Director, M/s Mekaster Ecosystems Pvt. Ltd. recorded
under Section 50 of the PML Act, 20029043954484211Copy of statements dated
16.11.2017 and 19.03.2018 of Mohit Khanna of Mekaster group was recorded under
Section 50 of the PML Act, 20022344854507212Copy of statement dated 04.07.2018 of
Rajendra Pahwa , Director , M/s Goodluck Carbon Pvt. Ltd. recorded under Section 50
of the PML Act, 20021545084522213Copy of statement dated 22.05.2017 of Amanpreet
Singh Sodhi2845234550214Copy of reply letter dated 02.08.2017 submitted by
Amanpreet Singh Sodh4645514596215Copy of statement dated 29.12.2017 of Amanpreet
Singh Sodhi 445974600216Copy of Statement dated 09.05.2017 of Mr. Sudhir Kumar
Chadha, Partner, M/s Golden Processors, Ludhiana was also recorded under Section 50
of the PMLA 20021346014613217Copy of statement dated 18.05.2018 of Atul Kumar Garg
of M/s Besco International FZE, UAE recorded under Section 50 of the PML Act,
20021046144623218Copy of Bank Account statements pertaining to Packing Credit
Account of M/s Golden Processors in Karnataka Bank, alongwith letter dated
11.05.2017 of Karnataka bank, Ludhiana forwarding thereunder foreign remittance
details of M/s Golden Processors, Ludhiana246244625219Copy of statement dated
11.05.2017 of Dinesh Kumar, Director of M/s Prithvi Infradevelopers Pvt. Ltd. was
also recorded under Section 50 of the PML Act, 2002946264634220Document pertaining
to property SCO 42, Ground Floor (5041), First Floor (2406) and Second Floor
(2670), Sector 7, Chandigarh in the name of M/s Heights International / Sh.
Amanpreet Singh Sodhi. 4046354674221Document pertaining to property House No. 267,
Sector 10A, Chandigarh (Area 809.08 Sq. Yards) in the name of M/s Global Trade
Matrix Pvt. Ltd. (Through its Director Brig. Malkiat Singh Dullat).
1246754686222Document pertaining to property H. No. 3348, Sector-35 D, Chandigarh
in the name of Mehra & Sons (HUF). 946874695223Document pertaining to property H.
No. 3086/1, Sector 47-D, Chandigarh. 1346964708224Document pertaining to property
Flat No. 109, Ground Floor, Cooperative Housing Complex, Sector 79, Mohali.
1847094726225Document pertaining to property Flat No. 701, 7th Floor, Block-A,
Societies Plot No. GH2, Sector � 23, Panchkula. 4147274767226Document pertaining to
property Khasra No. 196/214, Khasra No. 2106/682 at Vill. Dabhota, Tehsil Nalagarh,
Distt. Solan, H.P. �8�4768�4775227Document pertaining to property Land measuring 15
Marla comprised in Khewat / Khatauni No. 55/57 Min, Khasra No. 685/342/264 (0-15)
situated at Village Thanthewal, Tehsil Nalagarh, District Solan, H.P.
�12�4776�4787228Document pertaining to property 8B-4B, Khewat No. 276/261, Vill.
Rampur, Tehsil-Payal, District- Ludhiana in the name of M/s Geoxa Foods (Prop. Sh.
Amanpreet Singh Sodhi). �5�4788�4792229Document pertaining to property Villa No.
14A, Janpath Estate, Canal Road, Ludhiana in the name of Ms. Bhawna Kirpal / Mr.
Aman Kirpal / Mr. Gaurava Kirpal. �8�4793�4800230Document pertaining to property
Freehold Residential House No. 191, Green Avenue, Amritsar admeasuring 327 Sq.
Yards bearing Khasra No. 1250/505-506 situated at Tungbala Urban Green Avenue,
Amritsar in the name of M/s Mehra & Sons (HUF). �10�48014810231Document pertaining
to property, viz. Portion of Plot No. 47, Ashoka Park Extension, New Delhi
purchased from Rifakat Ali & Others by Amanpreet Singh Sodhi.
�12�48114822232Document pertaining to property, viz. Portion of Plot No. 48, Ashoka
Park Extension, New Delhi purchased from Mauhabbat & Others by Amanpreet Singh
Sodhi. 1348234835233Document pertaining to property, viz. Part of Property Number
2248, 2249, 2250, 2251, 2252 & 2253 Dr. H.C.Sen Road, Fountain, Chandni Chowk, New
Delhi. 2648364861234Document pertaining to property, viz. Mustatil No. 53, Kila No.
20 and 21, Revenue Estate, Village Jonapur, Tehsil Mehrauli, New Delhi purchased
from Mrs. Nirmala Jain w/o Mr. Nirmal Jain by Mrs. Alka Pahwa w/o Mr. Rajendra
Kumar (R/o 45, Bandh Road, Chattarpur, New Delhi.) 5848624919235Copy of statement
dated 11.08.2017 of Amanpreet Singh Sodhi recorded under the provisions of Section
50 of the PML Act, 2002 749204926236Copy of account opening form and bank account
statement of Account No. 03721100001770 of M/s G B Enterprises in Punjab & Sind
Bank 1649274942237Copy of statement dated 19.04.2017 of Malkiat Singh Dullat,
father-in-law of the accused Ashu Mehra, recorded under Section 50 of the PML
Act, 2002 2349434965238Copy of statement dated 04.04.2018 of Mrs. Shashi Jain
(seller of House No. 267 , Sector - 10 A Chandigarh ) recorded under Section 50 of
the PML Act, 2002 949664974239Copy of the Statement dated 30.08.2017 of Ashu Mehra
recorded under Section 50 of the PML Act, 2002749754981240Copy of statement dated
10.08.2017 of the Dinesh Kumar recorded under Section 50 of the PML Act, 2002
1649824997241Statements dated 13.09.2017 of Sh. Atul Mehrotra and Rupesh Kumar
Mishra of M/s Solaris Chemtech Industries Ltd., First India Place, Tower C,
Mehrauli Gurgaon Road, Haryana � 1220025749985054242Copy of statement of Mr. Sunil
Kataria on 16.06.2017 recorded under Section 50 of the PMl Act,
20029550555149243Copy of statement of Mr. Amanpreet Singh Sodhi dated 19.06.2017
recorded under Section 50 of the PMl Act, 2002 1751505166244Copies of the Bank
Account statements of M/s G.K Enterprises, M/s Balaji Enterprises and M/s Rama Knit
Fab are maintained in Allahabad Bank, Cheema Chowk, Ludhiana having A/c Nos.
50024295198, 50105463527 and 50147925289 respectively15051675316245Copy of
statement dated 15.06.2017 of Ashu Mehra, (karta of M/s Mehra & Sons HUF) recorded
under Section 50 of the PML Act, 2002 2653175342246Copy of statement dated
22.08.2017 of Ashu Mehra, (karta of M/s Mehra & Sons HUF) recorded under Section
50 of the PML Act, 20023753435379247Copy of statement dated 05.07.2017 of Dinesh
Kumar recorded under Section 50 of the PML Act, 2002 is3353805412248Copy of
statement dated 26.02.2018 of Dinesh Kumar, Proprietor of M/s Vision Procon,
recorded under Section 50 of the PML Act, 20021554135427249Copy of bank account
statement pertaining to Housing Loan Account No. 812675100006132 availed by Dinesh
Kumar from IDBI bank1454285441250Copy of loan sanction letter File No. NW/CHD-
1202/889 dated 31.12.2002 issued by IDBI Bank Sector 8, Chandigarh to Dinesh Kumar
254425443251Copy of bank account statement pertaining to Loan Against Property
(LAP) bearing A/c No. 143675100000462 (IDBI bank) availed by Dinesh Kumar
954445452252Copy of Account Statement of Savings Bank Account No. 003104000073608
of Dinesh Kumar in IDBI Bank 1954535471253Copy of statement dated 02.07.2018 of
Dinesh Kumar, Proprietor of M/s Vision Procon recorded under Section 50 of the PML
Act, 2002 �3�54725475�254Copy of letter dated 14.07.2014 sent by HouseFed Punjab
intimated the cost for the property situated at Flat No. 109, Ground Floor,
Cooperative Housing Complex, Sector 79, Mohali �2�54765477�
255Copy of statement dated 05.06.2017 of Malkiat Singh Dullat (father-in-law of
accused Ashu Mehra) recorded under Section 50 of the PML Act,
2002�12�54785489�256Copy of statement dated 17.05.2017 of Dinesh Kumar, Proprietor
of M/s Vision Procon, recorded under Section 50 of the PML Act, 2002
354905492257Account statement of Bank A/c No. 2416008700005650 of M/s Goodluck
Carbon Pvt. Ltd. in Punjab National Bank454935496258Copy of summons that were sent
to Lovinder Kumar (@ Lovely) Owner, M/s G.K Enterprises and returned undelivered
654975502259Copy of statement dated 31.08.2017 of Dixit Sood, Proprietor, M/s
Wealth Creators Reality Services 4655035548260Copy of letter dated 28.06.2018 sent
by the Indian Overseas Bank mentioning that M/s Saibhakti Impex Pvt. Ltd. was
provided with a Cash Credit limit of Rs. 7 crores against mortgage of
properties3555495583261Copy of statement dated 14.09.2017 of Amanpreet Singh Sodhi
recorded under Section 50 of the PML Act, 2002 1255845595262Copy of statement dated
04.06.2018 of Gaurav Kirpal recorded under Section 50 of the PML Act, 2002
1655965611263Copy of statement dated 08.09.2017 of Ashu Mehra recorded under
Section 50 of the PML Act, 2002 556125616264Copy of statement dated 02.07.2018 of
Amanpreet Singh Sodhi recorded under Section 50 of the PML Act,
20023856175654265Copy of the bank account statement of M/s Aakarshan Planner A/c
No. 0147002100102749 in Punjab National Bank 956555663266Copy of the bank account
statement of Utkarsh Pahwa Account No. 2211699769 maintained in Kotak Mahindra
Bank2456645687267Copy of the bank account statement of Mahindra Bank Account No.
9111663036 of M/s Clean Trading and Services Pvt. Ltd. 4856885735268Copy of bank
account statement M/s Spectrum Credit and Investment Private Limited Bank Account
No. 20066800194 maintained in Bank of Maharashtra657365741269Copy of statement
dated 11.07.2018 of Utkarsh Pahwa recorded under Section 50 of the PML Act, 2002
657425747270Copies of the summons dated 03.05.2018, 06.06.2018 and 10.07.2018 sent
to Alka Pahwa 657485753271Copy of statement dated 28.09.2017 of Dinesh Kumar
recorded under Section 50 of the PML Act, 20022957545782272Copy of ROC documents of
M/s Trade Hub India Pvt. Ltd. 256032515810273Copy of statement dated 18.05.2017 of
Ashu Mehra was recorded under Section 50 of the PML Act, 2002 1058115820274Copy of
ROC documents pertaining to M/s Global Trade Matrix Pvt. Ltd. 4458215864275Copy of
statement dated 11.05.2017 of Ashu Mehra recorded under Section 50 of the PML Act,
2002 1858655882276Copy of statement dated 16.10.2017 of Atul Kumar Garg of M/s
Besco International FZE, UAE recorded under Section 50 of the PML Act,
200264558836527277Copy of statement dated 27.11.2017 of Atul Kumar Garg of M/s
Besco International FZE, UAE recorded under Section 50 of the PML Act,
200211765286644278Copy of statement dated 23.10.2017 of Gaurav Kirpal recorded
under Section 50 of the PML Act, 2002866456652279Bank Reply dated 14.07.2018 w.r.t
form A2 signed by the accused Gaurav Kirpal for repayment of Buyers Credit / LOU
bearing Reference No. 284/MISCIN/28/14 dated 21.07.2014 �19
�6653�6671280Copy of A/c Statement having Account No. 1462000100117401 of M/s
Dinesh Kumar & Sons (HUF) in Karnataka Bank266726673281Statement dated 24.04.2017
of Amanpreet Singh Sodhi recorded under Section 50 of the PML Act,
2002�14�6674�6687282Copies of bank statements of M/s Saibhakti Impex Pvt. Ltd.,
Gaurav Kirpal, K N Kirpal, Leela Kirpal and Satpal BKO having A/c Nos.
324010200007252, 324010100047269, 324010100047232, 324010100050379 and
324010200005425 respectively in Axis Bank, Millerganj, Ludhiana28166886968283A/c
statements of IOB Account Nos. 034402000001170 of M/s Sai Bricks, 034401000014688
of Leela Kirpal, 034402000000498 and Housing Loan A/c No. 351300005 in the joint
name of Aman Kirpal and Leela Kirpal4969697017284Copies of documents pertaining to
Annual Returns (AOC-4) of M/s Geoxa Steels Pvt. Ltd. for FY 2015-
16�60�7018�7077285Copy of bank account statements of A/c No. 2416008700005650 in
Punjab National Bank of M/s Goodluck Carbon Pvt. Ltd.�360�7078�7437286Copy of the
bank account statement of Nirmala Jain A/c No. 90002010030144 in Syndicate
Bank�19�7438�7456287Copy of the email dated 06.07.2018 02:05 PM sent by Kotak
Mahindra Bank for proving the veracity of UTR numbers provided in the Sale Deed
dated 23.03.2017 between Nirmala Jain and M/s Spectrum Credit and Investment
Private Limited374577459288Letter dated 12/06/2017 of M/s Intermodel Cargo Movers
to Directorate of Enforcement874607467289Copy of the bank account statement of
IndusInd Bank A/c No. 201000370070 of M/s Goodluck Carbon Pvt. Ltd.65174688118
Additional list of documents will be filed if and when required.
Assistant Director (PMLA)

Directorate of Enforcement
CALENDER OF EVENTS
08.08.2016
CBI (BS & FC), New Delhi registers an FIR No. RCBD1/2016/E/0007 dated 08.08.2016
under Section 120B read with 420 of IPC and Section 13(2) r/w 13(1)(d) of PC Act,
1988 against the accused Ashu Mehra and other customers of the Indian Overseas
Bank, namely M/s Vision Procon (through its Proprietor Dinesh Kumar, Accused), M/s
Heights International (through its Proprietor Amanpreet Singh Sodhi, Accused), M/s
Saibhakti Impex Pvt. Ltd., Accused (through its Directors Aman Kirpal � Accused and
Gaurav Kirpal � Accused) and others for having caused a liability to the tune
approximate Indian Rs. 321.00 crores (calculated @ Rs. 67 per USD) on the Indian
Overseas Bank by way of issuance of fraudulent LOUs / Buyers Credit.
19.09.2016
That Sections 420 & 120B of the Indian Penal Code, 1860 and Section 13(2) read with
13(1)(d) of the Prevention of Corruption Act, 1988 in the CBI FIR being scheduled
offences (relating to cheating, criminal conspiracy and criminal misconduct / abuse
of official position) under PART A, Paragraph 1 & 8 respectively to the Schedule to
the Prevention of Money Laundering Act, 2002 as also defined under Section 2(1)(y)
of the said Act, an ECIR No. CDZO/06/2016 dated 19.09.2016 recorded by the
Directorate of Enforcement, Chandigarh Zonal Office against Mr. Ashu Mehra and
other co-accused.
07.04.2017
Searches were conducted at the following premises under Section 17 of the PML Act,
2002:
Sr. No.Premises searched1Business premises of M/s Mekaster Ecosystems Private

Limited, 908, Ansal Bhawan, 16, Kasturba Gandhi Marg, New Delhi. 2Business premises
of M/s Heights International Tradehub Private Limited & M/s Prithvi Infra
Developers Private Limited situated at SCO 210 � 211, Third Floor, Sector 34 � A,
Chandigarh � 160022. 3Residential premises of Mr. Gaurav Kirpal situated at House
No. 531, Sector 16D, Chandigarh (Second floor).4M/s Vyapar Agrotech Limited & M/s
Vyapar Impex Private Limited, 614, Sector 33B, Chandigarh.5Residential premises of
Brigadier (Retd.) M.S.Dullat, House No. 1563, Sector 34D, Chandigarh.6Business-cum-
residential premises of Shri Dinesh Kumar S/o Mr. Lahori Lal, Proprietor of M/s
Vision Procon situated at 3086/1, Sector � 47D, Chandigarh � 160047.7Residential
premises of Ashu Mehra situated at H. No. 267, Sector 10A, Chandigarh. 8Business
premises of M/s Geoxa Steels Private Limited, Works: Village Kube, Tehsil Samrala
Ludhiana Punjab 141418.9Residential premises of Mr. Amanpreet Singh Sodhi situated
at 26 � B, Sargodha Colony, Pakhowal Road, Ludhiana.10Business premises of M/s
Heights International situated at 2384, Krishna Nagar, Near Aarti Chowk, Ludhiana �
141001.11Registered Office of M/s Saibhakti Impex Pvt. Ltd. situated at E-328,
First Floor, Industrial Area, Focal Point, Phase IV, Ludhiana.12Residential
premises of Vandana Johar W/o Ajay Johar & D/o Kaushal Nath Kirpal situated at 16 �
R, Model Town, Ludhiana.13Residential premises of Mr. Aman Kirpal situated at Villa
14A, Janpath Estate, Canal Road, Ludhiana.14Business premises of Mr. Gaurav Kirpal
situated at 306, Industrial Area � A, Ludhiana.
Certain bank accounts of the accused and their associates were also simultaneously
freezed during the time of the searches under the PML Act, 2002 by the Directorate
of Enforcement:
11.04.2017
Various other bank accounts of the accused and their associates linked with the
proceeds of crime were identified and freezed under the provisions of the PML Act,
2002. These bank included one of the firm M/s RAP Events, wherein the accused
Gaurav Kirpal had transferred a total amount of Rs. 5,19,75,000/- vide two RTGS
transfers dated 10.04.2017 and 11.04.2017 amounts of Rs. 4,34,00,000/- and Rs.
85,75,000/-; that the said amounts had been routed from his UCO Bank Account No.
02360510011980 to the UCO Bank Account No. 05340210003541 of his family company M/s
Prenda Creations Private Limited before being credited into the HDFC Bank Account
No. 13212000000590 of M/s RAP Events.
12.04.2017
Few more bank accounts of the accused and their associates linked with the proceeds
of crime were identified and freezed under the provisions of the PML Act, 2002.
13.04.2017
Searches were also conducted at the premises of M/s RAP Events situated at H. No.
127, Sector 10, Panchkula under the provisions of Section 17 of the PML Act, 2002.
That during the said search besides certain record, the following two vehicles were
also seized:
iii. One Scorpio vehicle bearing Registration No. CH03V0010 in the name of Ms.
Bhawna Kirpal w/o Mr. Gaurav Kirpal alongwith RC & Insurance; and
iv. One Toyota Fortuner bearing Registration No. CH01AE7171 in the name of M/s Sai
Bhakti Impex Pvt. Ltd. alongwith RC & Insurance;
Statement of Bhawna Kirpal recorded during search. One statement dated 13.04.2017
of Rakesh Kumar, Partner of M/s RAP Events was also recorded at the time of search
wherein he admitted to the fact that the transfer of funds of Rs. 4,34,00,000/- and
Rs. 85,75,000/- from M/s Prenda Creations Pvt. Ltd. to his firm M/s RAP Events was
not backed by any pre-decided trade transaction..
17.04.2017
Few more bank accounts of the accused and their associates linked with the proceeds
of crime were identified and freezed under the provisions of the PML Act, 2002.
19.04.2017
Statement of accused Brig. (Retd.) Malkiat Singh Dullat, father-in-law of the
accused Ashu Mehra was recorded under Section 50 of the PML Act, 2002.
21.04.2017
Letters were issued for the freezure of the following properties under the
provisions of the PML Act, 2002:
Sr. No.Details of the property1SCO 42, Ground Floor, First Floor and Second Floor,
Sodhi2House No. 267, Sector 10A, Chandigarh in the name of M/s Global Trade Matrix
Pvt. Ltd. (Through its Director Brig. Malkiat Singh Dullat) 3H. No. 3348, Sector-35
D, Chandigarh in the name of Mehra & Sons (HUF)4H. No. 3086/1, Sector 47-D,
Chandigarh5Flat No. 109, Ground Floor, Cooperative Housing Complex, Sector 79,
Mohali6Flat No. 701, 7th Floor, Block-A, Societies Plot No. GH2, Sector � 23,
Panchkula.7Khasra No. 196/214, Khasra No. 2106/682 at Vill. Dabhota, Tehsil
Nalagarh, Distt. Solan, H.P.8Land measuring 15 Marla comprised in Khewat / Khatauni
No. 55/57 Min, Khasra No. 685/342/264 (0-15) situated at Village Thanthewal, Tehsil
Nalagarh, District Solan, H.P.98B-4B, Khewat No. 276/261, Vill. Rampur, Tehsil-
Payal, District- Ludhiana in the name of M/s Geoxa Foods (Prop. Sh. Amanpreet Singh
Sodhi)10Villa No. 14A, Janpath Estate, Canal Road, Ludhiana in the name of Ms.
Bhawna Kirpal / Mr. Aman Kirpal / Mr. Gaurava Kirpal11Freehold Residential House
No. 191, Green Avenue, Amritsar admeasuring 327 Sq. Yards bearing Khasra No.
1250/505-506 situated at Tungbala Urban Green Avenue, Amritsar in the name of M/s
Mehra & Sons (HUF).12Portion of Plot No. 47, Ashoka Park Extension, New Delhi
purchased from Rifakat Ali & Others by Amanpreet Singh Sodhi13Portion of Plot No.
48, Ashoka Park Extension, New Delhi purchased from Mauhabbat & Others by Amanpreet
Singh Sodhi14Part of Property Number 2248, 2249, 2250, 2251, 2252 & 2253 Dr.
H.C.Sen Road, Fountain, Chandni Chowk, New Delhi15Mustatil No. 53, Kila No. 20 and
21, Revenue Estate, Village Jonapur, Tehsil Mehrauli, New Delhi purchased from Mrs.
Nirmala Jain w/o Mr. Nirmal Jain by Mrs. Alka Pahwa w/o Mr. Rajendra Kumar (R/o 45,
Bandh Road, Chattarpur, New Delhi.)
Different gold ornaments having value of Rs. 13,83,254/- (as per Valuation Report
dated 21.04.2017 of the Approved Valuer) were seized vide Seizure Memo dated
21.04.2017 during searches conducted of the said Locker No. 118, Indian Overseas
Bank, SCO 26, Sector 7C, Chandigarh under the provisions of Section 17 of the PML
Act, 2002.
24.04.2017
The following two lockers were searched under the provisions of Section 17 of the
PML Act, 2002 but no seizures were made as nothing was found in the said lockers.
1. Locker No. 423 in South Indian Bank, Regal Building, Connaught Place, New Delhi;
and
2. Locker No. 416 in South Indian Bank, Regal Building, Connaught Place, New Delhi
Statement of Amanpreet Singh Sodhi, Proprietor of M/s Heights International and

Director of M/s Colour Wave (HK) Ltd. was recorded under Section 50 of the PML Act,
2002.
25.04.2017
The following two more lockers were searched under the provisions of Section 17 of
the PML Act, 2002 but no seizures were made as nothing was found in the said
lockers.
1. Locker No. 64 in Syndicate Bank, Nehru Bhawan, I.P. Estate, Bahadur Shah Zafar
Marg, New Delhi � 110002; and
2. Locker No. 289 in Syndicate Bank, Nehru Bhawan, I.P. Estate, Bahadur Shah Zafar
Marg, New Delhi � 110002.
28.04.2017
During search conducted on 28.04.2017 of Locker No. 182, Oriental Bank of Commerce,
Sarabha Nagar, Ludhiana under the provisions of Section 17 of the PML Act, 2002,
One gold necklace & pair top & with fused pearls & stones, etc. having value of Rs.
2,49,400/- (as per Valuation Report dated 28.04.2017) were also seized.
01.05.2017
2002.
02.05.2017
One more bank account of the company of the accused having links with the proceeds
of crime was identified and freezed under the provisions of the PML Act, 2002.
05.05.2017
OA No. 93 of 2017 was filed under the provisions of Section 17(4) of the PML Act,
2002 with the Ld. Adjudicating Authority for continuation of freezure / seizure of
the freezed / seized records, bank accounts, Indian & foreign currencies and
moveable & immoveable assets under the PML Act, 2002 (as amended)
09.05.2017
Statement of Sudhir Kumar Chadha, Partner of M/s Golden Processors was recorded
11.05.2017
Statement of Dinesh Kumar, Proprietor of M/s Vision Procon and Director of M/s
Prithvi Infradevelopers Pvt. Ltd. was recorded under Section 50 of the PML Act,
2002.
Statement of accused Ashu Mehra was also recorded under Section 50 of the PML Act,
2002
12.05.2017
Statement of Dinesh Kumar, Proprietor of M/s Vision Procon was recorded under
Section 50 of the PML Act, 2002.
17.05.2017
18.05.2017
Statement of Ashu Mehra, Proprietor of M/s Lease Harbour and Director of M/s Global
Trade Matrix Pvt. Ltd. was recorded under Section 50 of the PML Act, 2002.
19.05.2017
Statement of Ms. Vandana Johar, Proprietor of M/s Keshav International, Ludhiana
was recorded under Section 50 of the PML Act, 2002.
22.05.2017
2002.
30.05.2017
Statement of Virender Mohan Trehan, Director of M/s Mekaster Ecosystems Pvt. Ltd.
and M/s Mekaster Engineering Limited was recorded under Section 50 of the PML Act,
2002.
05.06.2017
Statement of Dharminder Sharma, Partner of M/s Kandaghat Holiday Homes, M/s Bot
Ventures and M/s Business Backers Market Solutions was recorded under Section 50 of
the PML Act, 2002.
Statement of accused Brig. (Retd.) Malkiat Singh Dullat, father-in-law of the

accused Ashu Mehra was recorded under Section 50 of the PML Act, 2002.
15.06.2017
Statement of Ashu Mehra, karta of M/s Mehra & Sons HUF and Director of M/s Global
16.06.2017
Statement of Sunil Kataria was recorded under Section 50 of the PML Act, 2002.
19.06.2017
2002.
28.06.2017
2002.
30.06.2017
05.07.2017
Statement of one Dinesh Kumar, Proprietor of M/s Vision Procon was recorded under
10.07.2017
18.07.2017
21.07.2017
Statement of one S K Palta, Proprietor of M/s Pioneer Knitting was recorded under
28.07.2017
2002.
02.08.2017
Amanpreet Singh Sodhi, Director of M/s Geoxa Steels Pvt. Ltd. submits replies to
certain queries of Enforcement Directorate.
10.08.2017
11.08.2017
2002.
18.08.2017
Statement of Nitin Girdhar of M/s Nextgen Financial Services was recorded under
22.08.2017
Statement of Ashu Mehra, karta of M/s Mehra & Sons HUF and Director of M/s Global
30.08.2017
Statement of Ashu Mehra, Director of M/s Global Trade Matrix Pvt. Ltd. was recorded
31.08.2017
Statement dated 31.08.2017 of Dixit Sood, Proprietor, M/s Wealth Creators Reality
Services was also recorded under Section 50 of the PML Act, 2002.
04.09.2017
Statement of Nitin Girdhar of M/s Nextgen Financial Services was recorded under
08.09.2017
Statement of Ashu Mehra, Director of M/s Global Trade Matrix Pvt. Ltd. was recorded
12.09.2017
OA No. 93 of 2017 was confirmed by the Ld. Adjudicating Authority (PMLA) vide Order
dated 12.09.2017.
13.09.2017
Statement of Sh. Atul Mehrotra, Senior Manager, M/s Solaris Chemtech Industries
Ltd., First India Place, Tower C, Mehrauli Gurgaon Road, Haryana � 122002 was
recorded u/s 50 of the PMLA 2002.
14.09.2017

2002.
15.09.2017
Statement of one Mahabir Singh was recorded under Section 50 of the PML Act, 2002.
28.09.2017
Statement of one Dinesh Kumar, Proprietor of M/s Vision Procon and also owner of
UAE based firm M/s Al Dishu Trading FZE was recorded under Section 50 of the PML
Act, 2002.
16.10.2017
Statement of Atul Kumar Garg, Partner of M/s Besco International FZE, UAE was
recorded under Section 50 of the PML Act, 2002.
23.10.2017
Statement of accused Gaurav Kirpal was recorded under Section 50 of the PML Act,
2002.
08.11.2017
Statement of one Dharminderjeet Singh, Director of M/s Dreamheight Homes Pvt. Ltd.
was recorded under Section 50 of the PML Act, 2002.
09.11.2017
Statement of one Dr. Gaurav Gupta was recorded under Section 50 of the PML Act,
2002.
16.11.2017
Statement of Mohit Khanna of Mekaster group was recorded under Section 50 of the
PML Act, 2002.
27.11.2017
29.11.2017
08.12.2017
Letters were issued under the provisions of the PML Act, 2002 for the freezures of
the following Fixed Deposits in the bank accounts:
Sr. No.Name of the Account holder Amount (in Rs.)Fixed Deposit details1Mr. Mahabir
SinghRs. 37,18,750/-FD No. 50300217807305 in HDFC Bank, Sector 35B, Chandigarh2Mrs.
Jaswant KaurRs. 37,18,750/-FD No. 08743031048598 dt. 03.11.2017 in Oriental Bank of
Commerce, Sector 37, Chandigarh3Mrs. Parvinder Kaur PahujaRs. 37,18,750/-FD No.
08743031048604 dt. 03.11.2017 in Oriental Bank of Commerce, Sector 37,
Chandigarh4Mr. Bikrambeer Singh PahujaRs. 37,18,750/-FD No. 08743031048741 dt.
10.11.2017 in Oriental Bank of Commerce, Sector 37, Chandigarh5Dr. Gaurav GuptaRs.
1,50,00,000/-FD No. 11393031036961 in Oriental Bank of Commerce, Paonta Sahib,
H.P.TOTAL2,98,75,000/-
13.12.2017
Letters were issued for the freezures of the following bank accounts under the
provisions of the PML Act, 2002:
Sr. No.Bank Name Details of the Account Holder Account NumberAmount freezed (in
Rs.)1Andhra BankM/s Geoxa Impex Pvt. Ltd.03401110000502026,412/-2Andhra BankM/s
Colour 9 Productions LLP0340111000051181,59,875/-3Andhra BankM/s Ludhianvi Tigers
Pvt. Ltd. (OPC)0340111000044922,62,095/-4Andhra BankMr. Amanpreet Singh
Sodhi034010100043668
7523.95/-TOTAL4,55,905.95
19.12.2017
29.12.2017
2002.
03.01.2018
OA No. 161 of 2018 was filed before the Ld. Adjudicating Authority (PMLA) under the
provisions of the PML Act, 2002.
12.02.2018
Statement of Bhawna Kirpal w/o accused Gaurav Kirpal was recorded under Section 50
of the PML Act, 2002.
26.02.2018
19.03.2018
Statement of Mohit Khanna of Mekaster group was recorded under Section 50 of the
PML Act, 2002.
04.04.2018
Statement of Mrs. Shashi Jain (seller of property situated at H. No. 267, Sector
10A, Chandigarh) recorded under Section 50 of the PML Act, 2002.
03.05.2018
OA No. 196 of 2018 was filed before the Ld. Adjudicating Authority (PMLA) under the
provisions of the PML Act, 2002.
18.05.2018
22.05.2018
OA No. 161 of 2018 is confirmed by the Ld. Adjudicating Authority (PMLA) under the
provisions of the PML Act, 2002. The confirmation of the said OA under the
provisions of the PML Act, 2002 is still pending with the Ld. Adjudicating
Authority (PMLA).
04.06.2018
Statement of accused Gaurav Kirpal was recorded under Section 50 of the PML Act,
2002
08.06.2018
Statement of Smt. Leela Kirpal was recorded under Section 50 of the PML Act, 2002
20.06.2018
Statement of accused Ashu Mehra was recorded under Section 50 of the PML Act, 2002.
29.06.2018
PAO No. 02/2018 dated 29.06.2018 issued for provisional attachment of certain
properties in UAE belonging to the accused Gaurav Kirpal and Aman Kirpal. The
confirmation of the said PAO under the provisions of the PML Act, 2002 is still
pending with the Ld. Adjudicating Authority (PMLA).
02.07.2018
04.07.2018
Statement of Rajendra Pahwa, Director of M/s Goodluck Carbon Pvt. Ltd. was recorded
02.07.2018
Statement of Amanpreet Singh Sodhi, Proprietor of M/s Heights International was
06.07.2018
Statements of accused Ashu Mehra and Gaurav Kirpal were recorded under Section 50
of the PML Act, 2002.
11.07.2018
Statement of Utkarsh Pahwa was recorded under Section 50 of the PML Act, 2002.
Statement of ---- S/o ---- R/o ---- recorded u/s 17 of PMLA 2002, dated 19.12.2019
during the search and under oath.
I swear in the name of God that I will state the truth and nothing else.
(Oath administered) (Oath Taken)
I ---- S/o ----, R/o ---- appeared before Assistant Director ----, Directorate of
Enforcement Chandigarh today i.e on 19.12.2019 at ---- (premises). Before recording
of my statement, I have been explained the Provisions of Section 17 of PMLA 2002
and I have understood the same. I have been also made to understand that I have to
tender my true and correct statement which can be used as evidence in present case
against me, my firms, any other persons or any other firms during the department
proceedings or in the Court of Law anywhere in India. Giving false statement is
punishable offence under law. Fully understanding my responsibility, I am giving my
true and correct statement under oath.
I ---- S/o ---- hereby state that --

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dinesIN THE COURT OF SH.

BALBIR SINGH, SESSIONS JUDGE / SPECIAL COURT UNDER THE

PROSECUTION COMPLAINT CASE NO. : ______/ 2018

Assistant Director (PMLA),

Most respectfully submitted as under:

4. Investigation conducted by the Directorate of Enforcement, Chandigarh Zonal

4.1 That the investigation conducted by the Enforcement Directorate involved

(vi) Repatriation of proceeds of crime into India to the various beneficiaries:

During the investigation conducted by the Directorate of Enforcement it was

A. 284/MISCIN/03/15 dated 05.02.2015:

Hence, repayment of Buyers Credit No. 284/MISCIN/03/15 dated 05.02.2015 issued in

B. 284/MISCIN/02/15 dated 04.02.2015

Hence, repayment of Buyers Credit No. 284/MISCIN/02/15 dated 04.02.2015 issued in

C. 284/MISCIN/07/15 dated 07.03.2015

Repayment of Buyers Credit No. 284/MISCIN/07/15 dated 07.03.2015

D. 284/MISCIN/08/15 dated 07.03.2015

Hence, repayment of Buyers Credit No. 284/MISCIN/08/15 dated 07.03.2015 issued in

E. 284/MISCIN/09/15 dated 13.03.2015

Hence, repayment of Buyers Credit No. 284/MISCIN/09/15 dated 13.03.2015 issued in

4.6 That during the investigation conducted by the Directorate of Enforcement,

That however the investigation in respect of these Letters of Credit (details

(1) Details of foreign inward remittances received in M/s Heights International

Sr. No.Inward Remittance (IR) No.Remitter Party DetailsAmount Remitted (in

4.20 During the course of further investigation by the Enforcement Directorate,

5. Details of Proceeds of Crime Attached or Seized or Frozen and Evidence to prove

2) Evidence of laundering of proceeds of crime by Dinesh Kumar through his firms

6) Laundering of proceeds of crime through M/s Dreamheight Homes Pvt. Ltd.:

8) Laundering of proceeds of crime through M/s Mekaster Engineering Ltd.:

9) Laundering of proceeds of crime through M/s Goodluck Carbon Pvt. Ltd.

11) Laundering of proceeds of crime by M/s Golden Processors:

The investigation conducted by the Directorate of Enforcement has revealed that an

The investigation conducted by the Directorate of Enforcement has clearly revealed

iv. 4 Purchase Orders (bearing nos. SCR/2015/101 dated 25.02.2015, SCR/2015/102

v. an amount of USD 4999892.71 (equivalent to Rs. 31,11,05,824.15/-) was received

Also during recording of voluntary statement of Sunil Kataria on 16.06.2017 and

In this case as the amount of USD 4999892.71 (equivalent to Rs. 31,11,05,824.15/-)

4) Property situated at H. No. 3086/1, Sector 47-D, Chandigarh in the name of

iv. he submitted self-attested copies of the following documents pertaining to his

During the course of investigation bank account statement pertaining to Housing

During recording of statement dated 22.08.2017 of Ashu Mehra under Section 50 of

During search conducted on 07.04.2017 under the provisions at the residential

Further, statement dated 04.07.2018 of Rajendra Pahwa, Director of M/s Goodluck

The corroborative evidence obtained during investigation alongwith the statements

7. Financial analysis of funds:

The utilization of the proceeds of crime generated as a result of the fraudulent

c) M/s Mehra & Sons HUF:

d) M/s Trade Hub India Pvt. Ltd.

Hence, the investigation conducted by the Directorate of Enforcement has clearly

For clarifying the afore-said transaction, further statement dated 20.06.2018 of

8.8 Role of accused M/s Colour Wave (HK) Ltd.:

8.9 Role of accused Brigadier (Retd.) M.S. Dullat:

Sr. No.DateAmount received (in Rs.)Account details of MEL in which payment

8.12 Role of M/s Prithvi Infradevelopers Pvt. Ltd.

8.13 Role of M/s Dreamheight Homes Pvt. Ltd.

Section 2(1)(u) �Proceeds of crime� means any property derived or obtained,

Section 2(1)(v) �property� means any property or assets of every description,

Section 2(1)(y) �Scheduled offence� means �

9.2 That Section 3 of the PMLA provides as under:-

9.3 That Section 4 of PMLA provide as under:-

9.4 That Section 23 and 24 of PML Act, 2002 provides as under:-

Section 24 Burden of proof � In any proceeding relating to proceeds of crime under

9.5 That, Section 71 of PMLA provides as under:-

17. The prosecution complaint filed in respect of accused entities is limited to