Business
Enforcement Directorate Searches Multiple Locations In Delhi Excise Policy Money Laundering Case
Enforcement Directorate (Representative Image)
The federal agency initiated a probe in the case, under the criminal sections of the Prevention of Money Laundering Act (PMLA), after taking cognisance of a CBI FIR that has named Sisodia and 14 others.
The ED is probing if alleged irregularities were done in the formulation and execution of the Delhi Excise Policy brought out in November last year. The scheme came under the scanner after Delhi Lt Governor V K Saxena recently recommended a CBI probe into the alleged irregularities in the implementation of Delhi's Excise Policy 2021-22.
He had also suspended 11 excise officials in the matter.
Sisodia too demanded a CBI probe into the alleged irregularities in the policy.
The ED, during its probe, will analyse if individuals and companies who were involved in the policy-making of this scheme and related entities generated any 'proceeds of crime under the definition of PMLA' and if there was any possible creation of illegal or benami assets, sources had said.
The agency has powers to attach such assets and question, arrest and prosecute those who indulge in the offence of money laundering. According to officials, the chief secretary's report had shown prima facie violations, including 'deliberate and gross procedural lapses', to provide post-tender 'undue benefits to liquor licensees' through the policy.
It is alleged that undue financial favours were extended to liquor licensees after the tenders were awarded, causing loss to the exchequer.
The excise department gave a waiver of Rs 144.36 crore to the licensees on the tendered licence fee on the excuse of COVID-19, sources claimed. They added that it also refunded the earnest money of Rs 30 crore to the lowest bidder for the licence of the airport zone when it failed to obtain a no-objection certificate (NOC) from airport authorities.
'It was in gross violation of rule 48(11)(b) of the Delhi Excise Rules, 2010, which clearly stipulates that the successful bidder must complete all formalities for the grant of the licence, failing which all deposits made by him shall stand forfeited to the government,' a source said.
(This story has been published from a wire agency feed without any modifications to the text. Only the headline has been changed.)
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