Case Law Details
Udhaw Singh Vs Enforcement Directorate (Allahabad High Court)
Udhaw Singh, the applicant, is implicated in a case initiated by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act, 2002 (PMLA), with ECIR No. LKZO/05/2021. The case involves numerous FIRs against M/s Shine City Infra Project Pvt. Ltd. (Shine City) and its directors/officers, who are accused of defrauding home-buyers and investors. These FIRs were filed between 2018 and 2021 under various sections of the Indian Penal Code (IPC).
Applicant’s Connection: The applicant, Udhaw Singh, is accused of dealing with the proceeds of crime generated by Shine City through his firms, including Baseera Niwas Pvt. Ltd., Ekanga Infrastructure Pvt. Ltd., Hariom Construction, Yash Enterprises, A.K. Enterprises, and Baseera Construction. The ED alleges that Singh received approximately INR 7.68 crores from Shine City over five years and could not satisfactorily explain these transactions.
Allegations and Defense:
1. Proceeds of Crime: The Enforcement Directorate (ED) alleges that Udhaw Singh played a critical role in facilitating Shine City in laundering money through the purchase of properties. The primary accusation is that Singh’s firms acted as intermediaries in transactions that involved the proceeds of crime. The ED contends that these funds, derived from fraudulent activities by Shine City, were funneled into Singh’s business accounts. The transactions were purportedly structured to appear legitimate, thereby masking their illicit origins.
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