Delhi tax policy scam: Pvt helped move Rs 31 crore, alleges ED
The company has been engaged by the Aam Aadmi Party (AAP) for advertisements and promotion of its election strategy during the Goa elections.
Chariot Productions Media Pvt Ltd has been charged under sections 3 and 4 reading section 70 of the Prevention of Money Laundering Act (PMLA) for the commission of money laundering.
Chariot Productions Media Private Limited was established in November 2013 and is owned by Rajesh Joshi, who is also an alleged defendant in the case.
Later, the company was hired by the AAP for electoral work and for campaigning in Goa.
The CEO said the company was using hawala operators to transfer and use Proceeds of Crime (POC) of Rs 31 crore.
The CEO also said that the sum of Rs 31 crore was used to make partial payments to various vendors, whose services were acquired by Chariot Productions Media Pvt Ltd.
“Therefore, the accused company carried out the activity of transferring and using a portion of the POC worth Rs 31 crore. They did not stop there but continued to engage in the activity of acquiring, transferring and using a portion of the property. Hence, Chariot Productions Media Pvt Ltd is already involved in the activities associated with the crime. Money laundering,” the source said, claiming that the director of the department mentioned it in the charge sheet.
As of now, the court has not taken note of the indictment.
(Atul Krishan can be contacted at email@example.com)