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Panda couple must explain who were those mysterious Bahamas investors: BJD

26/10/2020 at 10:01 PM

Bhubaneswar, Oct 26: The ruling Biju Janata Dal (BJD) came down heavily on former Kendrapara MP and BJP leader Baijayant Panda over money laundering allegation.

Senior BJD leader and Rajya Sabha MP Sasmit Patra on Twitter said, “Finlay, Messina and Pikika, three Bahamas registered companies fund  Baijayant Panda companies and then disappear. Baijayant Panda and Jagi Panda must answer who were those mysterious Bahamas investors that are untraceable today. Who were they?”  

“No investigations conducted into the allegations of round tripping of black money and investments into Jay Panda companies despite Hon’ble Delhi High Court Order. Why is the multi-agency including ED/IT/CBI silent?” Patra asked.

“Allegations of round tripping of black money and investments into Jay Panda group companies surprising and shocking. Indian Express published the details and the Hon’ble Court has directed investigation,” he said in another post on Twitter.

Attaching copies of court order the BJD leader said, “Delhi High Court Order shows direction to Multi Agency Group comprising of CBI, ED & Income Tax to investigate Bahamas. Bahamas Expose in a Press meet today linking Baijayant Panda to 3 Shell companies’ fundings. Sharing 2 documents that a journalist friend attending the Press meet shared with me. I think Baijayant Panda should come out and address this issue and clarify about the Bahamas companies’ funding.”

Similarly, BJD leader and Rajya Sabha MP Amar Patnaik also hit out at Panda and said, “At that time they are/were non-existent though! With just an approved capital of about 6 lakhs, these shell companies invested about 18 Crs in Pandas’ companies and bought real estate. Surely ED & CBI won’t get a better case to investigate & book him & accomplices, even if he is national vice-President of a political party. Law is supposed to be blind & fair.Our democracy sustains itself on constitutional edifice of rule of law. don’t need a court order for this.”

“The #JayPandaBahmasExpose is a shocking but classic money laundering case. Black money purportedly made through blackmail(remember he owns a TV channel) & illegal business deals (he owns several businesses) is round tripped back to India through two Bahamas based shell companies,” Patnaik said.  

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