WHAT IS RANBIR PENAL CODE?
Jammu and Kashmir State Ranbir Penal Code or RPC was the main criminal code applicable in the erstwhile Indian state of Jammu and Kashmir. The Indian Penal Code, applicable elsewhere in India, was not applicable here under Article 370 of the Constitution of India.
The code was initiated during the reign of Maharaja Ranbir Singh. It was performed under the lines of Indian Penal Code. It came into existence in 1932. But now the Ranbir Penal Code has been dissolved now.
WHAT IS DIRECTORATE OF ENFORECEMENT?
The Directorate of Enforcement is a multi-disciplinary organization mandated with investigation of offence of money laundering and violations of foreign exchange laws. The statutory functions of the Directorate include enforcement of the following: Prevention of Money Laundering Act, 2002, Foreign Exchange Management Act, 1999, Fugitive Economic Offenders Act, 2018, Foreign Exchange Regulation Act,1973 and Sponsoring agency under COFEPOSA.
ABOUT Raj Singh Gehlot CASE
Money laundering investigation was initiated by ED on the basis of FIR and chargesheet filed by Anti-Corruption Bureau, Jammu and Kashmir under the provisions of Ranbir Penal Code, 1989 and Prevention of Corruption Samvat Act, 2006. ED attached movable and immovable properties worth Rs. 20.20 crore of Raj Singh Gehlot, his family members and Ambience Group Companies in connection with a money laundering investigation.
During investigation it was revealed that M/s Aman Hospitality Private Limited was sanctioned term loan of Rs. 810 crore by group of leading banks of J&K Bank for financing its hotel project in Delhi. The term loan later was declared as NPA. It was found that Raj Singh Gehlot had diverted loan funds to his relatives and Ambience Group Companies of Rs. 113 crore by layering through web of bank accounts. Further it was found that not only funds but materials approximately amounting to Rs. 42 crore were diverted to other project sites of Ambience Group.
During investigation, Raj Singh Gehlot was arrested. The assets worth Rs. 13.90 crore were attached by ED including 6 residential and 2 agricultural properties in Delhi, Gurugram and Sonipat, 14 insurance policies and 4 Vehicles of Rs. 6.30 crore in the name of Raj Singh and his family member and Ambience Group Companies were also attached.
ED had filed Prosecution Complaint before the Hon’ble PMLA Court, Patiala House Courts, New Delhi for offence of money laundering amounting to Rs. 155 crore and the court has taken cognizance of the matter.
