Srinagar, Jan 15 (UNI) Enforcement Directorate (ED), Srinagar Zonal Office on Wednesday provisionally attached immovable property situated at Delhi having worth of Rs. 2.25 Crore and related to the shareholders/owners of M/s Manoj Ji & Co. Pvt. Ltd. under the provisions of PMLA, 2002.
The ED’s investigation was based on a chargesheet filed by the Central Bureau of Investigation – Anti-Corruption Branch (CBI-ACB), Srinagar, under Sections 420 read with 120-B of the Ranbir Penal Code (RPC).
The chargesheet alleged that M/s Manoj Ji & Co. Pvt. Ltd., a Railway Out Agency (ROA) of Northern Railway in Udhampur, managed by the late Rajesh Oberoi, fraudulently claimed freight charges for undelivered DAP fertilizer.
ED statement said the company was contracted to transport 3,938.2 MTs of DAP fertilizer from the Rail Head Point in Udhampur to IFFCO’s buffer stock point in Nowgam, Srinagar. However, 1,024 MTs of the fertilizer never reached the destination, resulting in a deliberate loss of approximately Rs 2.25 crore, comprising Rs 2.07 crore for the undelivered fertilizer and Rs 18.53 lakh in fraudulently claimed freight charges.
ED investigation revealed that freight payments received in the bank account of M/s Manoj Ji & Co. Pvt. Ltd. were routed through multiple bank accounts in a sophisticated manner to obscure their origin by the controller/ promoter or the representative of the company late Rajesh Oberoi.
The funds were finally received from the Northern Railway into business activities of the companies and firms and personal needs of the Oberoi family.
“Therefore, the property, an Industrial Plot at Wazirabad, Delhi registered in the name of Rajesh Oberoi and his wife Rama Oberoi, has been identified as Proceeds of Crime under PMLA and has been provisionally attached having value of Rs. 2.25 Crore (approx.),” the ED said, adding that further investigation is under progress.
