New Delhi, Sep 24 (UNI) A Special PMLA Court Ranchi has granted a seven-day custody of Rakesh Kumar Poddar and Mukesh Kumar Poddar to the Enforcement Directorate in connection with ponzy scheme case.
Both the accused were avoiding their appearances before the PMLA Court wherein Prosecution Complaint under Prevention of Money Laundering Act, 2002 (PMLA) was filed against them.
The Court had issued Non-Bailable Warrants (NBWs) of arrest against the accused as they were not joining the proceedings initiated by the Court.
On September 13, the probe agency arrested the both accused produced before the Court and they were kept under Judicial Custody and now on prayer of the agency, the Court has granted seven day ED custody.
The federal financial probe agency initiated investigations under PMLA on the basis of FIRs and charge sheets filed by the Ranchi police against MSS & Healthcare Ayurvedic Trust and others under sections 120B, 406, 420,467,468, and 471 of IPC.
The main accused Gorakhnath Bhagat, the Chairman of the said Trust was running a ponzy scheme wherein he had been collecting Rs 3,000 from each individual on the pretext of returning four times of the said month within sixteen months. For assurance he used to give four post-dated cheques for Rs 2,300 each and four coupons of Rs 700 for Ayurvedic medicine and treatment at MSS & Health Care Ayurvedic Trust.
“Investigation under PMLA revealed that ‘Proceeds of Crime’ amounting to Rs 10 crore was siphoned off by the Trust and accordingly, bank balances worth Rs 2.28 crore were attached by the agency ,later the Adjudicating Authority under PMLA”, the ED said.
The Prosecution Complaint which is equivalent to charge sheet was filed before the PMLA Special Court, Ranchi on March 31 this year.
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