Arrested Sanjay Sherpuria.
Photo: amar ujala
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The court remanded alleged swindler Sanjay Prakash Rai Sherpuria, arrested in a money laundering case, to judicial custody till June 30. The court also directed to send him to Lucknow. Sherpuria was produced before the court of Special Judge Shailendra Malik of Patiala House Court after his Enforcement Directorate (ED) custody ended.
The ED had arrested Sherpuria from Lucknow, where the main case against him is going on. The ED has alleged against him that he misappropriated funds received as donations from the Dalmiya Family Office Trust and from the sale of properties in Gujarat. According to the ED, the transaction with the jeweler of Chandni Chowk is also to be investigated in the case.
The ED had said that interrogation has revealed that cash worth Rs 10 crore has been laundered. This amount was initially estimated at Rs 6 crore. He deposited the amount in the bank through some persons. The court had on June 2 sent the accused to ED custody for seven days. Sherpuria was arrested by the ED after questioning him in Lucknow jail. Prior to the arrest of the central agency, Sherpuria was arrested by the UP Police.
ED failure
The officials of the Enforcement Directorate (ED), who have been interrogating gangster Sanjay Rai Sherpuria for the last 13 days, are proving unsuccessful in getting him to reveal the truth. If sources are to be believed, the inquiries being made with Sherpuria regarding the investment of the amount received from the properties sold in Gujarat are proving to be inconclusive. Officials suspect that Sherpuria has swindled around Rs 400 crore in Gujarat. It has been invested abroad after selling off the assets raised through loans taken from banks.
Tell that Sanjay Rai Sherpuria had taken a loan of about Rs 400 crore from a consortium of banks after forming five companies in Gujarat. Later, he started selling off the properties he had bought with the money and went into the process of declaring himself bankrupt. After wrapping up his business, he came to Delhi and started preparing to contest from Ghazipur.