New Delhi: The Enforcement Directorate (ED)’s ongoing investigation into the Delhi GST policy scam has revealed that former Deputy Chief Minister Manish Sisodia allegedly obtained Rs 6,226.7 crore through different modus operandi, sources said. Proceeds of Crime (POC). ED sources said the POC was generated through credit notes, hawala channels and direct rebates.this […]
Posted Date – Mon, 5/29/23 at 10:15am
New Delhi: Ongoing investigation by the Enforcement Directorate (ED) into the Delhi GST policy scam has revealed that former Deputy Chief Minister Manish Sisodia allegedly obtained criminal proceeds of Rs 6,226.7 crore through different modus operandi, sources said. (POC).
ED sources said the POC was generated through credit notes, hawala channels and direct rebates.
This latest allegation was mentioned in the charge sheet.
The exposure draft further alleges that Sisodia assisted in the formation of a special purpose vehicle to create a compensation mechanism.
“South Group paid Vijay Nair a kickback of Rs 100 crore. Indospirits secured L1 license with the help of Sisodia and Nair, it got a profit of Rs 1.928 crore i.e. POC. By Sarath Reddy, Trident Chemphar, Avantika Contractors and The outstanding payment to Indospirits by three entities controlled by Organomix Ecosystems is Rs 6 crore. The outstanding amount is POC. Indospirits issued excess credit notes of Rs 4.35 crore and Pernod Ricard generated a profit of Rs 1.635 crore, the company Formed a super cartel with Southern Group and further generated a profit of Rs 457.7 crore which is considered as POC,” said the source.
The ED further learned that South Group had funneled excess cash of Rs 411.3 crore into Sarath Reddy’s physical account, they said. This is nothing more than an illegal way of getting kickbacks back.
When questioned, the finance team failed to provide any satisfactory reason to the ED.
Among other things, by misusing the machinery of the Punjab government and the crooked Mahadev Liquors, two companies – Shiv Associates and Diwan Spirits – amassed profits of Rs 802 crore, the ED claimed, accused Amit Arora of bribing Sisodia Rs 2,000 Lakhs of Rs 4.9 crore bribes via Dinesh Arora and Aman Dhall via excess credit notes, nothing but POC.
“If we add up all the POCs, the result will be 6,226.7 million. We will call the whole amount POC,” the source said.
The ED filed a flawless charge sheet after thoroughly investigating the matter. EDs are also likely to file their fifth charge forms in the next few days.
