The Enforcement Directorate (ED) is likely to soon question a former accountant of Indian Premier League (IPL)’s ex-chief Lalit Modi, whose Jaipur-based firm Anand Heritage Hotels Private Limited (AHHPL) is being probed by the agency in a foreign exchange violation case.
Confirming this, a government source who is familiar with the ED’s probe, said a decision has been taken by the agency to seek clarifications from the accountant and a summons will be issued soon.
A week earlier, the ED had examined two former directors of the firm. The case is related to alleged violations of Foreign Exchange Management Act (FEMA) in the routing of`21 crore in the mode of Foreign Direct Investment from a Mauritius-based firm to AHHPL in 2007, according to the source.
The ED suspects that the received fund was allegedly not deployed for the intended usage, for instance in the upgrading the hotel, the source said.
ED, which tracks overseas transactions and money laundering deals, is also scrutinising transactions involving AHHPL and a Delhi-based firm since the former paid 9,600 times the value of a share in the latter. The ED is likely to seek clarifications from a few Rajasthan-based politicians in this regard, said the source.
Modi and his lawyers, who have been part of the case’s adjudication proceedings, have denied any alleged wrongdoing.