The Enforcement Directorate on Thursday conducted raids at the Chandigarh premises of its own former Deputy Director Gurnam Singh. He is alleged to have extorted close to ₹6 crore from the accused persons in ₹600-crore Unipay2U scam.
The searches are also being carried out against the former ED official's lawyer associate Puneet Sharma, said a senior ED official.
The money laundering case pertains to allegations that Unipay2U Marketing Private Limited had cheated thousands of investors in various States by floating Ponzi schemes.
Several FIRs were registered against the company and its functionaries, based on which the ED also initiated money laundering probe. Several bank accounts of the company were attached.
Further investigation led to searches against the Unipay2U agents in July last year and subsequently, main accused Kamal K. Bakshi was arrested.
During interrogation, he and the other accused purportedly disclosed that Mr. Singh, in conspiracy with his lawyer friend, had extorted money and also got a property transferred in the name of his contact.
Based on the preliminary findings, the ED repatriated Mr. Singh to his parent organisation CFSL-Chandigarh last year. He retired last November. The CBI has already initiated action against him.
