A Special PMLA Court has taken cognisance of the charge sheet filed under the provisions of Prevention of Money Laundering Act (PMLA) against one Jyoti Ranjan Beura a.k.a. Golden Baba in connection with a forgery case, an official said on Thursday.
The ED had initiated investigation on the basis of FIR registered by Economic Offences Wing, CB, CID, Odisha Police, Bhubaneswar and charge sheets filed by them for commission of offence under various sections of the Indian Penal Code.
ED investigation revealed that Golden Baba, through Jyoti Trading & Co, cheated various businessmen to the tune of crores of rupees by alluring them to provide unsecured loan/financial assistance at an attractive rate of interest.
“He fraudulently received Letter of Credit from them in the guise of business relationship development and discounted the same in the account of Jyoti Trading & Co. by creating and presenting false and fabricated bills without providing them the promised financial assistance/unsecured loan, and thus, siphoned off the said amount for his personal use and was living a lavish life out of such proceeds of crime,” said an ED official.
Earlier, the ED had frozen bank balances amounting to Rs 52 lakh, seized two high-end vehicles (AUDI Q5 and BMW 520D) having purchase value of Rs 56 lakh, and provisionally attached assets amounting to Rs 1.53 crore of ‘Golden Baba’.