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ED Arrests Controversial Meat Exporter Moin Qureshi In Money Laundering Case

न्यूज़ वर्ल्ड इंडिया | 0
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| August 26 , 2017 , 12:33 IST

The Enforcement Directorate, on Friday, arrested controversial meat exporter Moin Qureshi in connection with a money laundering case and will produce him in court on Saturday.

The ED had registered a case against Qureshi in 2016, under the Prevention of Money Laundering Act (PMLA) for alleged illegal forex dealings and tax evasion. Qureshi was being probed for allegedly remitting funds through hawala channels to Dubai, London and a few other destinations in Europe.

According to officials, the meat exporter was arrested late on Friday after he was called for questioning in the case.

Qureshi was arrested by the Directorate under the provision of Prevention of Money Laundering Act (PMLA) and will be produced before a court on Saturday.

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ED officers alleged that the businessman was not cooperating in the investigation. The officer said that he has been questioned multiple times in the past by the agency which is investigating Mr Qureshi after it registered two FIRs under the Prevention of Money Laundering Act.

Former CBI Director AP Singh has also been named in the latest FIR against him.

The earlier money laundering case against Mr Qureshi was booked by the Enforcement Directorate in 2015, based on an Income Tax prosecution complaint.

The meat exporter is also facing probes by the Income Tax department and the CBI for alleged tax evasion, money laundering and corruption among others.

The Income Tax Department is investigating Mr Qureshi under the new Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 as probe led it to few foreign assets owned or held by the meat exporter and his family in an alleged illegal manner as they were not declared or reported to Indian tax authorities.

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