The charge sheet was filed by the Enforcement Directorate (ED) before District Judge I S Mehta who assigned the case to Additional Sessions Judge (ASJ) Neena Bansal Krishna. The charge sheet has been fixed for consideration on November 25.
Amritsar residents Gagandeep Singh and Paramdeep Singh, Delhi-based Gaurav Gupta, and firm, Raja & Co Forex Pvt Ltd have been charged with offenses punishable under the provision of the Prevention of Money Laundering Act (PMLA).
“Investigation has shown that the accused Gagandeep Singh, Paramdeep Singh alias Raja and Gaurav Gupta by laundering the ill-gotten funds have directly and knowingly dealt with proceeds of crime and concealed/projected the same as untainted property and hence have committed the offense of money laundering defined (under) section 3 of PMLA which is punishable under section 4 of PMLA where the maximum punishment is up to 10 years rigorous imprisonment with fine,” the charge sheet filed through ED’s prosecutor Naveen Kumar Matta said.
