NGO levels crores of rupees money laundering allegation against Baijayant Panda, wife
Published By : Prameya News Bureau | October 26, 2020 IST
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New Delhi, Oct 26: Two shell companies of the Bahamas which are not in existence continue to hold majority shares in a company in India and selling properties purchased from black money worth crores of rupees to BJP national vice-president Baijayant Panda and his wife Jagi Mangat Panda owned companies, a Delhi based NGO ‘PATH’alleged at a presser here on Monday. This is a clear cut case of round tripping black money, money laundering and tax evasion, it said. “Black money was taken out of India and brought back through shell companies to purchase properties in India. OTV and other companies made deal with these companies which do not even exist to launder black money,” members of the NGO alleged. Finlay & Messina are also investors in Ortel, another company owned by Panda’s family, and Ortel has 3.02 percent investment in OTV. The money comes from Bahamas as investment and goes back to Bahamas as earnings, it added. They demanded immediate registration of a case by Enforcement Directorate against Panda and urged his companies be attached.
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