Raipur: The initial investigation of the ECIR registered in ED against KK Srivastava, a close aide of former Chief Minister Bhupesh Baghel, has revealed many important revelations. The investigation has also revealed many links related to the Mahadev Betting App. Actually, the funds received from Rawat Associates were sent to Aerojet Enterprises. Aerojet Enterprises is associated with Kolkata-based Majestic Commercial and is related to the Mahadev Betting App.
The forensic audit exposed a fraud network during the investigation of money laundering links and revealed KK Srivastava’s involvement in the money laundering network. This is related to the financial activities associated with the Mahadev Betting App.
Cash transferred to foreign accounts
The investigation has also revealed that cash has been transferred to foreign accounts through shell companies. The Foreign Exchange Management Act (FEMA) has also been violated. At present, apart from the Raipur Police, the ED is also looking for Srivastava. Raipur SSP Santosh Singh has announced a reward for the person who provides information about the accused.
The Raipur Zonal Office of the Enforcement Directorate (ED) has filed an Enforcement Case Information Report (ECIR) against KK Srivastava under Section 3 of the Prevention of Money Laundering Act at the Telibandha police station. Srivastava is accused of duping a Noida-based construction company named Rawat Associates of Rs 15 crore in the name of getting a government contract under the Smart City scheme.
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