The Enforcement Directorate (ED) has presented a chargesheet before a Special Court in association with the alleged money laundering scam involving Navbharat Housing Society (NHS) in Indore worth Rs 4.64 crore.
Under the rubrics of the Prevention of Money Laundering Act (PMLA), several persons are named in the chargesheet against them, including the names of Shrikant Ghante, Subhash Chandra Dubey, Rakesh Jain, Antim Joshi and Anand Shah.
The accused was allegedly misappropriating crores of rupees through the sale of valuable land by owning it illegally in the housing society, the ED said. According to investigators, key official records and documents were destroyed as part of an effort to cover up the financial irregularities.
The agency also said that the money from the crime was used for the purpose of laundering money by taking it and investing it in property that could not be moved to “make it look like an asset.”
Previously the ED had temporarily attached properties during the investigation which were valued at around Rs 64 lakh relating to the accused.
The Special Court has accepted the chargesheet and issued notices to the accused in the case, thus officially ushering in more legal action. An investigation into the alleged financial fraud and money laundering will continue.