Uttarakhand Ex-Chief Minister's Advisor's Wife's Company Entangled in Rs 200 Crore Money Laundering Case
A Dehradun-based company, Social Mutual Benefit Fund Limited, is under investigation for alleged money laundering amounting to Rs 200 crore. The company had the wife of a former Chief Minister's advisor as its director from 2017 to 2020, and currently, her relatives reportedly hold directorial positions.
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The accusations include the fraudulent depositing of black money through RD-FD schemes in the names of numerous individuals associated with the company. Acting on a complaint from MLA Khanpur Umesh Kumar, the government has assigned the Economic Offenses Wing (EOW) to investigate the company's activities, which involve financial services such as RD, FD, and savings accounts.
Allegedly, over Rs 200 crore was deposited in the company between 2017 and 2020. Concerns arose when investigations revealed that some account holders were deceased, while others were unaware of the accounts in their names. The inquiry, initially designated to the CBCID, has been handed over to the EOW, with the police headquarters seeking a prompt report upon completion of the investigation.
The former Chief Minister's advisor's wife resigned amid the allegations. The scale of the situation will be clearer following the EOW's investigation into the RD and FD accounts opened for 40 to 50 thousand individuals associated with the company, revealing potential money laundering through sham investments.
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