Enforcement Directorate has attached assets worth 21 crore rupees of arms dealer Sanjay Bhandari in connection with a money laundering case against him.<br/><br/>This is the first attachment of assets order issued by the ED under the Prevention of Money Laundering Act. The ED took cognisance of the new anti-black money act that was notified last year to check the menace and catch hold of those who have stashed illegal funds or properties abroad.<br/><br/>The Income Tax Department had booked Bhandari under the new act, called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act.<br/><br/>In February, the ED had booked Bhandari, under criminal charges of the PMLA law. The Delhi Police had also booked him for alleged violation of the Official Secrets Act.<br/><br/>Bhandari's case first came to light after the I-T department conducted searches against him in April last year and recovered certain sensitive official defence documents from his premises.
News On AIR | June 1, 2017 6:59 PM
ED attaches assets worth Rs 21 crore of arms dealer Sanjay Bhandari