Thursday March 21, 2019
Home Uncategorized HP CM money l...

HP CM money laundering probe: ED raids in 3 states

0
//

New Delhi: In course of the investigation of the money laundering charges against Virbhadra Singh, Chief Minister of Himachal Pradesh, sleuths from the Enforcement Directorate directed searches in several properties on three states, on Friday.

A select few of Singh’s associates and the individuals named in the agency-registered FIR in Delhi faced raids, which were carried out in Kolkata, Mumbai and the national capital itself, informed sources.

Business entity premises that allegedly received funds from Singh’s associates also underwent raids which were carried out since early morning today, the sources added.

The money laundering case under provisions of the Prevention of Money Laundering Act (PMLA) was filed by the ED against Singh after taking into account the CBI criminal complaint filed in September.

“Important” documents have come into the hands of the investigators which will be studied to find out the “proceeds of crime”, which Singh and his associates allegedly channeled using illegal procedures, informed sources.

An amount of Rs 6.1 crore was allegedly amassed by Singh and his family with the time period of 2009 to 2011 when Singh held the position as the Union Minister of Steel. Singh claimed that the amount, which CBI has alleged to have been used in creating life insurance policies in his own name and that of his family members during this period, came from his agricultural income. This was carried out through LIC agent Chauhan.

Singh allegedly even filed revised revised Income-Tax returns in an attempt to legitimize this claim in 2012.

 

Next Story

The United States Of America Drops Out Of Top 20 Corrupt Countries

For the 2018 index, 180 countries were surveyed. Denmark and New Zealand topped the list while Somalia, Syria, and South Sudan were at the bottom.

0
USA, Corruption
U.S. President Donald Trump is seen through his transparent teleprompter as he speaks during the Missile Defense Review announcement at the Pentagon in Arlington, Virginia, U.S., January 17, 2019. VOA

A global anti-corruption watchdog says the United States has dropped four spots in its list of nations’ anti-corruption efforts and is now no longer listed in the top 20 for the first time.

Acting U.S. Representative at Transparency International, Zoe Reiter, calls a four point drop in the 2018 Corruption Perceptions Index (CPI) a “red flag.”

She says it comes at a time when the U.S. is experiencing “threats to its system of checks and balances” and an “erosion of ethical norms at the highest levels of power.”

USA. government
Caravans from Central America have inflamed the debate over U.S. immigration policy, with U.S. President Donald Trump using the migrants to try to secure backing for his plan to build a border wall on the frontier with Mexico., VOA

“If this trend continues, it would indicate a serious corruption problem in a country that has taken a lead on the issue globally,” Reiter says.

The United States scored a 71 in the perceptions index after scoring 75 the previous year.

“The expert opinion captured by the CPI supports the deep concern over corruption in government reported by America in our 2017 survey. Both experts and the public believe the situation is getting worse,” Reiter said.

Anti-Corruption
Bulgarian anti-corruption protesters march during a demonstration in downtown Sofia, VOA

Transparency International uses several criteria for measuring how well a country is fighting corruption, including checks and balances on political power, controls on conflicts of interest and private influence on government, and voter suppression.

Also Read: World’s Anti-Corruption Day

For the 2018 index, 180 countries were surveyed. Denmark and New Zealand topped the list while Somalia, Syria, and South Sudan were at the bottom. (VOA)