Now, the state has also alleged that it had suffered a revenue loss Rs 1.22 crore because of Sharma’s misdoings and lodged a case under the Prevention of Corruption Act against the accused
A special designated Prevention of Money Laundering Act (PMLA) court, on Thursday, rejected a regular bail plea of retired IAS officer Pradeep Sharma.
The officer had allegedly transferred Rs 22 lakh to his wife, overseas, through a hawala channel. Sharma was arrested by ED in July 2016.
Nine months after the Gujarat High Court had rejected his bail plea, Sharma had moved a regular bail application before the PMLA court.
Sharma told the court that ED had already filed a charge sheet and the probe would take a long time.
The retired officer's plea was opposed by the Special Public Prosecutor Sudhir Gupta, who argued that his offence was undeserving of bail.
The incident took place in 2004 when Sharma, a Kutch Collector at that time, had allotted land to the Welspun Power & Steel and Welspun Gujarat at a cheap rate.
The company had then allegedly bribed him.
Now, the state has also alleged that it had suffered a revenue loss Rs 1.22 crore because of Sharma's misdoings and lodged a case under the Prevention of Corruption Act against the accused.
According to ED, Sharma's wife had invested just Rs 1 lakh in a beneficiary company's subsidiary, Value Packaging.
She and their daughter also had crores of rupee in their foreign account. The traction mostly happens from Dubai. ED believes that lumpsum money, in Indian currency, was sent to the account.
The probing agency argued that they had got hold of details of the account. The state has alleged that Sharma had accepted Rs. 29 lakh bribe from the company. However, Sharma has said that his wife has been working in the US and the transactions were through her official account.
Sharma has also added that ED has failed to establish that the alleged transactions happened on her order as many of them were made when he was in the jail.
WHAT STATE SAYS
Now, the state has also alleged that it had suffered a revenue loss Rs 1.22 crore because of Sharma’s misdoings and lodged a case under the Prevention of Corruption Act against the accused.
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 "Pradeep Sharma")
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