Raid not related to Coal Scam: Raid presumed to be over money laundering case of Bank of Baroda.
Nagpur: In another incident that stirred the business community, the officials of Central Bureau of Investigation swooped down on the residence of Chairman of Abhijeet Group Manoj Jaiswal in the wee hours of October 14, 2015.
CBI Team which has started the search and seizure operations in Manoj Jaiswal’s residence is said to have arrived from Kolkata. Sources claimed that the officials of CBI, Nagpur were not at all aware of their presence or raid in the city.
While putting the rumours at rest that the CBI raids are in connection with Manoj Jaiswal’s involvement in Coal Scam, very reliable sources told Nagpur Today that this raid is related to Manoj Jaiswal’s involvement in money laundering of black money sent to foreign countries (Hawala).
According to sources, Manoj Jaiswal had taken loans worth thousands of crores from banks and of this he might have sent some Crores outside India under the umbrage or guise of purchasing equipments etc through the money laundering route.
Two days ago i.e. October 12, 2015, six persons were arrested in a case involving alleged laundering of black money to the tune of Rs. 6000 crore at a Branch of Bank of Baroda in New Delhi. Four of the arrests were made by the Enforcement Directorate and two by the Central Bureau of Investigation, sources said.
According to sources, money was being transferred through 59 accounts at the Bank of Baroda’s Ashok Vihar Branch to companies in Hong Kong and Dubai. The money was disguised as payments for imports. A search revealed that addresses given by at least 50 companies for bank records were dubious or fake.
Till the filing of the story, the officials of CBI were still in the premises. Surprisingly no family member of Manoj Jaiswal was present in the residence as if they knew that officials may be visiting them soon.