Delhi Court sends meat exporter Moin Qureshi to ED custody till August 31

A Delhi court on Saturday sent meat exporter Moin Qureshi to the Enforcement Directorate (ED) custody till August 31 in a money laundering case.

Earlier in the day, the ED had sought the remand of Qureshi seeking 14 days of custody on grounds of investigation in the Patiala House Court.

In the court proceeding that followed, the witnesses' statements that came during investigation in the Registration Certificate (RC) registered by the Central Bureau of Investigation (CBI) on February 16 under section 8, 9, 12 and 13 of Prevention of Money Laundering Act (PMLA) act were read with section 120 of India Penal Code (IPC) for investigation.

The ED submitted before the court that Qureshi has obtained huge amount from individuals and from big government officials.

It claimed to have direct evidence against Qureshi and submitted a witness statement that says that he had extorted Rs. 5 crore from the witness and his family member to get relief from the CBI.

Earlier in the day, Qureshi was arrested by the ED in connection to a money laundering case.

The billionaire meat exporter, Qureshi, was arrested in Delh, under the Prevention of Money Laundering Act.

He has also been registered under Foreign Exchange Management Act (FEMA) case by the ED.

Former CBI director A.P. Singh is also involved in Moin Qureshi case and had earlier reacting on ED planning to register case against him under Prevention of Money Laundering ACT (PMLA) saying that he feels he is being targeted.

Earlier, the Enforcement Directorate had registered a case of money laundering against Qureshi, whose links with senior CBI officers, were revealed during an investigation carried out by the Income Tax department.

Qureshi is also facing IT charges of black money for not disclosing income of Rs. 20 crore.

As per sources, the Enforcement Directorate had booked Qureshi under various Sections of the Prevention of Money Laundering Act (PMLA) and is investigating funds to the tune of Rs. 200 crore stashed by him abroad.

The income tax department, during its probe, found that Qureshi had 11 bank lockers which were in the names of his employees and associates.

The lockers were operated by the employees of Qureshi's AMQ Group. Over Rs. 11.26 crore in cash and jewellery worth over Rs. 8.35 crore were found in these lockers.

According to sources, it has been alleged that Qureshi was taking favour from public servants and money from various unknown sources.