After Alamgir and two other close associates of Shahjahan, Shibu Hazra and Didarbux Mollah, were produced in the special court on Friday, the ED counsel told the court how the arrested accused invested the proceeds of crime in their brother's business.
According to the ED lawyer, the money earned from taking over agricultural land was first transferred to a fish export business registered in the name of Shahjahan's daughter, and later, a part of over Rs 2 crore of that money was transferred to Shahjahan's business. Was transferred to the account. Shown as Alamgir and Investments.
The ED counsel also claimed that though the transferred amount was shown on paper as investment in the fish export business, in reality, no export was done which makes it a clear case of money laundering.
The ED counsel also told the court about the huge amount of money transferred to the bank accounts of Shibu Hazra and Didarbux Mollah.
After hearing the arguments, the court sent Alamgir, Hazra and Mollah to custody till April 22.
According to the ED lawyer, the money earned from taking over agricultural land was first transferred to a fish export business registered in the name of Shahjahan's daughter, and later, a part of over Rs 2 crore of that money was transferred to Shahjahan's business. Was transferred to the account. Shown as Alamgir and Investments.
The ED counsel also claimed that though the transferred amount was shown on paper as investment in the fish export business, in reality, no export was done which makes it a clear case of money laundering.
The ED counsel also told the court about the huge amount of money transferred to the bank accounts of Shibu Hazra and Didarbux Mollah.
After hearing the arguments, the court sent Alamgir, Hazra and Mollah to custody till April 22.
