Delhi court sends LIC agent to judicial custody

A special court here on Wednesday sent LIC agent Anand Singh, accused of investing Himachal Pradesh Chief Minister Virbhadra Singh's "tainted" money worth Rs 5 crore in Life Insurance Corporation policies, to judicial custody till July 25.

Special Judge Vinod Kumar remanded Chauhan in judicial custody after Enforcement Directorate (ED) told him that it did not require his further custodial interrogation.

He was presented before the court after expiry of his four-day custody of the ED.

The ED arrested Chauhan on Friday from Chandigarh under the Prevention of Money Laundering Act (PMLA).

Chauhan is accused of investing Virbhadra Singh's "tainted" money of Rs 5 crore in LIC policies purchased in Virbhadra's name and those of his family members, including wife Pratibha Singh.

This is the first arrest by the ED in the money laundering case against the Himachal Pradesh Chief Minister.

The ED reportedly found that Virbhadra Singh had accumulated assets worth Rs 6.03 crore in his name and in the name of his family members, which were disproportionate to his known sources of income, during his tenure as the Union Steel Minister from 2009 to 2011.

The Central Bureau of Investigation (CBI) is also investigating the case.

--IANS

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