In Shocking revelation the Enforcement Directorate(ED) has told local court that it is investigating an attempt by “associates of a co-accused”- in the Religare fraud to extract informatiom relating to the ED office.
In this regard the agency has setup a inquiry. ” An incidence has come to notice of ED officials where the co-associates of co-accused have tried to take some information related to the investigation from the ED office by influencing officials/staff of ED during his custody period”, the agency told the court. Further the agency added that the relevant mobile conversations are in possession of ED officials and the enquiry will be held in this regard after.
This was stated by the agency in its reply opposing the bail plea of Malvinder Mohan Singh, former promoter of Religare Enterprises. A local court on Tuesday turned down Malvinder’s bail plea. The Advocate Nitesh Rana, counsel for ED argued on Opposing Malvinder’s bail, that keeping in view of the incidence, it is reasonable to believe that Malvinder Mohan Singh may try to influnce witnesses and destroy evidence if granted bail”.
The agency disclosed another significant disclosure, the agency told the court that it has received ” intelligence on financial assets of individual abroad” and if bail is enlarged, Malvinder is likely to transfer further the assets which would lead to frustrating the proceedings.
Reinstitating, the opposing the bail plea the agency has argued ” investigation is not yet complete and suplementry prosecution complaint shall be filed once the identification of the proceeds of crime and other accused is completed which is stil in progress and is time consuming due to complexity of transactions spanning over period of eight years”.
In the bail petition , Singh alleged that he has been falsely implicated and is “being made a scapegoat to shield certain individuals and the management of the complainant company from legal action and claims”.
He alleged that Dhillon, head of Radha Soami Satsang Beas (RSSB), is the “culprit who has contrived the systematic downfall of the Religare group of companies as well as RHC group by misusing his filial and spiritual influence over the applicant as well as committing fraud ” in conspiracy with Sunil Godhwani and Shivinder Singh, co-accused in the Rs 2100- crore fraud case.
Dhillon has denied all the allegation of wrongdoing.
Malvinder in his pitition also said that the agencies are trying to accuse him for public money which is involved in instant case which is ultimately nothing but a myth. He has contended that it is imperative to note that religare Finvest, the group firm which the money was allegedly siphoned off, itself was not a public listed company and did not accept public deposits.
Referreing to bail granted by the Delhi High court to his brother Shivinder Singh last month, Malvinder had argued that he “deserves the benefits of parity”.
