Bhopal (Madhya Pradesh): The Directorate of Enforcement (ED), Bhopal, has filed a Prosecution Complaint (PC) against M/s Maa Bijasen Agro Infrastructure Warehouse and others under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, before the Special Court (PMLA), Bhopal, officials said here on Tuesday.
The Special Court (PMLA), Bhopal, took cognizance of the PC on February 28. Further investigation is under progress.
According to information, the ED initiated an investigation based on an FIR registered by the CBI, ACB Bhopal, under the Prevention of Corruption Act against the then-manager of a nationalized bank in Morena, R.K. Sinha, along with the partners of M/s Maa Bijasen Agro Infrastructure—Ravindra Kumar Sharma, Sangeeta Sharma (wife of Ravindra Kumar Sharma), and others.
The ED's investigation revealed that Ranjan Kumar Sinha and the partners of M/s Maa Bijasen Agro Infrastructure colluded to fraudulently obtain a bank loan using falsified Warehouse Receipts (WHRs). These actions caused a wrongful loss of Rs 9.65 crore to the bank, leading to the generation of substantial Proceeds of Crime (POC).
POC worth Rs 4.08 Cr attached previously
Previously, the ED had attached POC worth Rs 4.08 crore through a provisional attachment order issued in September 2023, which was later confirmed by the Ld. Adjudicating Authority (PMLA), New Delhi.
