Don't want to miss the best from Business Standard?
The Enforcement Directorate has filed a fresh FIR against Afroz Fatta, who was arrested last month in Surat in connection with an alleged hawala racket to the tune of RS.700 crore, on money laundering charges.
Sources said Fatta, who was summoned by the ED, appeared before officials in Surat yesterday. He has again been called later for further investigations.
They said the Surat-based trader has not been cooperative in the investigations and no clean chit has been given to him by the ED.
Earlier, the ED had registered a case under Foreign Exchange Management Act (FEMA). Now another FIR has been filed under the Prevention of Money Laundering Act (PMLA), the sources said.
On Monday, the Congress had released a photo of Fatta with BJP's PM candidate Narendera Modi and alleged a nexus between the two. The BJP rejected any links between them and hit back by circulating a photograph of Fatta with Congress MP Mohd Azharuddin.
Sources said Fatta, who was summoned by the ED, appeared before officials in Surat yesterday. He has again been called later for further investigations.
They said the Surat-based trader has not been cooperative in the investigations and no clean chit has been given to him by the ED.
Also Read
Fatta was arrested in Surat on Mar 21 on the charge of transferring money outside India on fake bills of importing diamonds.
Earlier, the ED had registered a case under Foreign Exchange Management Act (FEMA). Now another FIR has been filed under the Prevention of Money Laundering Act (PMLA), the sources said.
On Monday, the Congress had released a photo of Fatta with BJP's PM candidate Narendera Modi and alleged a nexus between the two. The BJP rejected any links between them and hit back by circulating a photograph of Fatta with Congress MP Mohd Azharuddin.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%