An ED official said that the financial probe agency filed the charge sheet on Monday after extensive investigation, against the main accused Kailash Gupta, Nitin Gupta, and Nikhil Gupta and their firms Musaddilal Gems and Jewellery, Musaddilal Jewellers Pvt Ltd and Vaishnavi Bullion Ltd, their chartered accountants, gold bullion dealers, and also the major contributors of the black money, who were involved in this fraud.
An ED official said that the financial probe agency had registered a case of money laundering on the basis of an FIR registered by the CBI against (late) Shrikant Pandurang Sawaikar, Director of Varron Industries and unknown officials of Bank of India and Canara Bank. He said that the ED probe revealed that a criminal conspiracy hatched by Sawaikar
We have registered a case of money laundering against Franklin Templeton and its senior officials, a senior ED official said. He added that the agency registered the case on the basis of an FIR lodged by the Economic Offences Wing (EOW) of the Chennai Police.
The assets, attached under the Prevention of Money Laundering Act (PMLA), are in the form of two immovable properties -- an agricultural land and a residential plot and 14 movable properties -- 13 bank accounts and one demat account held in the name of Ajmera Group, its partners and others.