Preparing to file a charge sheet against those allegedly involved in an international drug money laundering racket, which was busted in a joint operation with Australian agencies, the Enforcement Directorate has attached a house of the alleged kingpin and his brother in Amritsar.
Under the Prevention of Money Laundering Act, the ED attached the Rs.1.65-crore house belonging to Paramdeep Singh Arora and Gagandeep. Efforts are under way to identify the other proceeds of crime allegedly committed by the siblings and their associates.
Earlier this month, a two-member ED team visited Australia to gather more evidence in the case.
Armed with sound proof, the agency plans to file the prosecution complaint (charge sheet) against the accused within the stipulated time of 60 days.
It is learnt that the Australian enforcement agencies have also shared some details of Hong Kong accounts that were allegedly used to route drug money from Australia and India to other parts of the world, including the United States, the United Kingdom and Germany.
In a synchronised action this September, the ED arrested alleged kingpin Paramdeep and his brother in Amritsar, whereas their associate Gaurav Gupta was arrested in Delhi. In Australia, the Federal Police booked two suspects, Gulshan Kumar and Sanjeev Saini, on same charges.
The ED probe has revealed that the accused used some Hong Kongbased companies to route drug money in the garb of purchasing contracts. Paramdeep allegedly had a wide network of hawala operators in the US, Europe and Australia, who would collect and disburse funds at his instance.
