Money laundering case: after raids against the owner of Fastway, 3 others, ED freezes accounts worth Rs 7 cr

A day after raids were carried out by the Directorate of Enforcement (ED) in 8 locations linked to four defendants in a multi-crore money laundering case, ED officials informed that bank records and FDs worth nearly 7 crore rupees had been frozen.

The Law Enforcement Directorate (ED) raided the residence of the Fastway media cable network and the owner of the Jujhar bus service, Gurdeep Singh Jujhar, on Thursday in the multi-crore transplant case of Surinder Pal Singh ‘Pehalwan ‘, the former chief engineer of the Greater Mohali Region Development Authority. (GMADA) under the Prevention of Money Laundering Act (PMLA). Other defendants whose premises were searched included “Pehalwan”, Tarandeep Singh, Gurmesh Gill, who is the owner of the builders Ek Onkar and is said to have been favored in contracts by Pehalwan.

ED sources informed that the frozen FD and bank lockers belonged to Gurmesh Gill, while documents and cash of Rs 10 lakh were seized from the premises of Gurdeep Singh of the Fastway cable network.

Searches were carried out at various premises in Ludhiana, Mohali, Chandigarh and Nawanshahr.

An ED money laundering investigation was opened in April this year following the registration of the FIR and the indictment filed by Vigilance Bureau (VB), Punjab, against Surinder Pal Singh and his associates. associates for abusing his official position in awarding GMADA projects to his favorite companies.

The money was allegedly bribed by Pehalwan by promoting these companies and circulated in his bogus companies on behalf of his family members and close associates.

During the investigation by ED, it was also discovered that some of this allegedly ill-gotten money had also gone to Gurdeep Singh Jujhar.

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