The Enforcement Directorate (ED) has alleged that Sujay Krishna Bhadra and four companies linked to him are involved in a multi-crore school recruitment scam in West Bengal, which is a classic case of money laundering. The ED has traced 100 bank accounts connected to Bhadra’s companies, through which transactions worth over Rs 11 crore were made. The ED has alleged that all the money came through the hawala route and part of the proceeds was invested in real estate business. ED’s counsel Phiroze Edulji argued that it is a classic case of money laundering. Bhadra’s counsel argued that ED doesn’t have any concrete evidence of his client’s involvement in the transactions relating to the school recruitment case. However, the court rejected Bhadra’s bail plea and remanded him to 14-day judicial custody.
Sujay Bhadra Involved in Classic Money Laundering Case in School Recruitment Scam: ED Informs Court
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