NEW DELHI: In fresh trouble for defence dealer Sanjay Bhandari, the Enforcement Directorate (ED) has sent a notice to him seeking details related to his financial activities, including bank accounts and details of assets.
The ED action came at a time the businessman is under the scanner of the income tax (I-T) department, which conducted raids on his premises in April this year. “
Yes, ED has asked Sanjay Bhandari for details related to his bank statements and other such details for initial examination,” an agency source told HT.
The agency wants to examine his income tax returns too, said the source. The I-T department has shared details of its probe against Bhandari with the ED that investigates forex violations and money laundering.
The department also sought information from a few countries on assets allegedly bought by Bhandari, including one in the United Kingdom. Certain classified minutes of meetings related to defence acquisitions were allegedly found during searches carried out by the IT department on his premises.
The ED may file a case under the Prevention of Money Laundering Act (PMLA) once the defence ministry gives its opinion on how secret or classified the defence papers recovered in the searches were.
The IT department is scanning the businessman’s assets to verify if they were allegedly proceeds of payments received for facilitating a Rs 2,800 crore defence deal in 2012.
In the meantime, requests have been sent to various countries where Bhandari had opened a web of companies to share the bank information details, the sources said. (With agency inputs)