ADVERTISEMENT

ED Attaches Rs 21 Cr Assets of Arms Dealer Sanjay Bhandari

In the raids conducted against Bhandari in 2016, the IT department found emails linking him to Robert Vadra. 

Published
India
2 min read
Sanjay Bhandari, a controversial defence consultant and arms dealer, has a money laundering probe against him. (Photo Courtesy: YouTube screengrab)

The Enforcement Directorate (ED) has attached assets worth Rs 21 crore of controversial defence consultant and arms dealer Sanjay Bhandari, in connection with a money laundering probe against him.

This is the first attachment of assets order issued by the central probe agency under the Prevention of Money Laundering Act (PMLA).

The ED took cognisance of the new anti-black money act that was notified in 2016 to check the menace and catch hold of those who have stashed illegal funds or properties abroad.

The Income Tax Department had booked Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

Under this law, cases of overseas illegal assets, which, till recently, were probed under the Income Tax Act, 1961, attract a steep 120 percent tax and penalty on undisclosed foreign assets and income, besides carrying a jail term of up to 10 years.

The Enforcement Directorate had booked Bhandari, reported to have left India for a foreign location sometime ago, under criminal charges of the PMLA law in February.

The Delhi Police had also booked him for alleged violation of the Official Secrets Act (OSA) in 2016.

Bhandari’s case first came to light after the IT department conducted searches against him in April 2016, and recovered certain “sensitive” official defence documents from his premises.

As part of these raids, the taxman is also said to have recovered certain emails that talk about renovation of a costly apartment in London in 2010, which was allegedly owned by Robert Vadra, son-in-law of Congress president Sonia Gandhi.

Vadra's legal firm has denied that he owned the London property directly or indirectly. It also denied Vadra has any business ties with an arms consultant or his aides.

The tax department had in 2016 also shared a “seizure memo record” with the defence ministry to apprise it about the contents of these “sensitive” documents.

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

ADVERTISEMENT
ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT