The Calcutta High Court ordered the Enforcement Directorate (ED) to conduct an inquiry into this case where a Bangladeshi man with an invalid Indian visa was doing business from this country.
Case Details
The division bench of Chief Justice T.S. Sivagnanam and Justice Hiranmay Bhattacharya has ordered ED to begin the investigation under the Prevention of Money Laundering Act (PMLA) challenging the Bangladeshi man, Umashankar Agarwal.
Umashankar Agarwal has been charged with living in India with an invalid visa, doing his illegitimate business, and even laundering money outside India. As per the charges, a company run by Agarwal had invested a huge amount of money diverted from Bangladesh in multiple real estate companies in West Bengal.
An investigation challenging Agarwal has already been started by Police of Kolkata on the basis of the complaints filed against him in this case.
He was taken to jail by the Kolkata police but was later set free on bail by a lower court. Now, according to the court’s order, the Kolkata police will transfer the investigation and the case data to the ED officers. There are allegations that the funds of the company run by Agarwal were transferred to various cross-border smuggling rackets and even to some terrorist groups. On Friday, the counsel for Agarwal stated that his client had been falsely implicated in the entire case.
