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Zakir Naik Allegedly Laundered Rs 100 Crore Through His Family And NGO
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The Enforcement Directorate (ED) is investigating a layering of funds amounting to Rs 47.69 crore received by televangelist Naik through banking channels and Rs 64 crore received as donations.
Sources believe that the money, received through banking channels, has travelled through a series of accounts maintained by Naik's family members. In the case of donations received by IRF, the donors were mentioned just as "well-wishers.
A financial investigation discovered that the Rs 47.69 crore, declared as proceeds of Gulf investments, were remitted from Naik's Dubai bank account to his Union Bank of India account and relatives' accounts. The money was then transferred to four separate firms which do not have any employees.
From 2003 till this year, IRF received around Rs 64 crore as donations with 36 per cent coming from overseas. Though many transactions were done through banking channels, names of donors were mentioned as "well-wishers". A senior official on the matter said-
In case of donations, only names of donors are mentioned on receipts without their contact details. This might be a case of money laundering…
ED is exploring the likelihood of invoking the Prevention of Money Laundering Act (PMLA) against Naik. ED can register a case under PMLA if there is already a schedule offence like forgery or cheating registered against the suspect.
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