Former Rajya Sabha MP and TMC member KD Singh was on Wednesday arrested by the Enforcement Directorate (ED) in connection with a money laundering case.
“Investigation revealed that the proceeds of crime generated by Alchemist Infra Realty Ltd were laundered through the web of companies. Investigations also revealed that the funds mobilised by the firm from various investors were never utilised for the purpose for which they were collected and the same were transferred to bank accounts of other group companies which were mainly paper companies from where they were systematically siphoned off by the accused and used to purchase properties at various locations in the country. All such assets in Punjab, Haryana , Shimla and bank accounts in HDFC Bank worth ₹239.39 crore identified during the course of investigations have been provisionally attached,” the ED said in a statement in January 2019.
Reacting on the same, TMC MP Sougata Roy said, “I don’t want to comment. Neither is KD Singh with the TMC anymore nor he is a MP now.”
–Indo-Asian News Service