Bharti, her husband Shailesh Kumar and their company Mishail Packers and Printers Pvt Ltd, among others, were named in the charge sheet filed in a Delhi court for allegedly laundering Rs 1.20 crore
More trouble lay in store for Rashtriya Janata Dal chief Lalu Yadav's family on Saturday with the Enforcement Directorate (ED) filing a charge sheet against his daughter and Rajya Sabha MP Misa Bharti and her husband in a money laundering case. The ED action came on a day a Ranchi court convicted Yadav in a fodder scam case.
Bharti, her husband Shailesh Kumar and their company Mishail Packers and Printers Pvt Ltd, among others, were named in the charge sheet filed in a Delhi court for allegedly laundering Rs 1.20 crore.
The case was registered by the ED following investigations into a complaint filed by Serious Fraud Investigating Office (SFIO) about a Rs 8,000 crore money-laundering racket involving two Delhi-based brothers, Surendra Kumar Jain and Virendra Jain, who were accused of using shell companies to help others route money.
The ED had earlier attached a farmhouse 'Palam Farms' in south-west Delhi belonging to the couple in connection with the case.
The Jain brothers, who were arrested, were accused of laundering unaccounted money through the process of placement of funds, layering of transactions and final integration of laundering money into the banking channel camouflaged as legitimate share premium transactions, the ED said.
The ED investigation found that 1.20 lakh shares of Mishail Packers and Printers Pvt Ltd were bought during 2007-08 and 2008-09 at Rs 100 per share by four shell companies, three of which were managed by the Jain brothers. These shares were later bought by Bharti at Rs 12 per share in 2009.
It said a chartered accountant Rajesh Agrawal, who "mediated and provided" Rs 90 lakh to the Jain brothers in advance so as to invest in Mishail Packers and Printers Pvt Ltd as share premium while another has provided Rs 30 lakh to Santosh Kumar Shah, who was running the fourth shell company.
According to the ED, the couple have "laundered unaccounted money of Rs 1.20 crore by taking accommodation entries from Jain Brothers and Shah, through mediators, in the form of share capital and share premium by various shell companies controlled by them."
The agency later conducted searches in several places. "Mishail Packers and Printers Pvt Ltd was registered at the address 25, Tuglak Road, New Delhi till the shares were brought by Bharti. It was only during the year 2009-10 that the address was changed to Farm No. 26 Palam Farms. Misa Bharti and Shailesh Kumar were the directors of the company during the relevant period," an ED statement said
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