From Times of India

INDORE: Enforcement Directorate officials in Indore will approach a special local court to seek Letters Rogatory or letter of request (LR) for UAE, Singapore and the USA to get assistance from these countries in the on-going investigation into Rs 2,650 crore money laundering case.

The ED officials had been questioning Zoom Developers Pvt Ltd director Vijay Choudhary, who is the main accused in the case, for last 10 days. On Saturday, Choudhary was sent to 13-day judicial remand by a special court of Judge Kamal Joshi.

Sources say that during questioning, Choudhary accepted the fact that he had invested in different countries like UAE, Singapore, the USA, Germany and Switzerland by availing bank guarantees provided to his company by Indian banks.

The probe agency has already sought LR for Germany and Switzerland. “We will now approach the court within a fortnight to seek LR for UAE, Singapore and the USA to take their help in collecting evidence,” a senior official said.

During the probe, it was also found that Choudhary had invested substantial amounts in foreign countries and tax havens like British Virgin Island and Cayman Island. Sources say Choudhary also claimed to have made some investments through shell companies in Kolkata and other Indian cities too.

The ED officials also questioned Choudhary’s wife, Manjari and his close aide, Subramanyam Rajgopal and recorded their statements a few days ago. The probe agency has summoned both of them again.

How law caught up with Choudhary

May 5: ED issued summons to Choudhary’s wife, Manjari and his friend, Subramanyam Rajgopal to record their statements