Money launderer amasses property in S'pore to hide wealth

[SNAblog]

The Enforcement Directorate and Income Tax Department have conducted raids at the residence and offices of the chartered accountant of Koda's associates. The raids were conducted at Sanjay Nareti's residence and offices in Jamshedpur, Sanjay Nareti is Binod Sinha and Sanjay Chaudhry's chartered accountant.

Many documents and information about Sinha and Chaudhry's bank accounts have been recovered during the raid. Lookout notices have also been issued for Koda's key aides - Binod Sinha and Sanjay Chaudhry. This is because the Enforcement Directorate suspects they may leave the country to avoid investigation.

The Directorate has also taken copies of vital documents of investments and ownerships of Koda and his associates in Ranchi from IT authorities. "Yes, Koda would soon be called for questioning regarding the Hawala transactions under the PMLA Act," official sources said.

Koda and eight others have been accused of amassing property worth hundreds of crores of rupees including those in places like UAE, Thailand, Indonesia, Singapore and Liberia.

Read full story here:
http://www.timesnow.tv/More-trouble-for-Koda-and-associates/articleshow/4331288.cms

 

[Char_Azn]

Why are you complaining? They take the money from FTs and park it here. The local bankers, property agents, lawyers and whoever else is involved in property deals are making money. Its not our pple taking money and running somewhere else to contribute to someone else's economy. It's FT's money coming over here. End of the day part of the money gets stuck here in SG one way or another. So I ask this question again, why are U complaining?

 

[littlefish]

Why are you complaining? They take the money from FTs and park it here. The local bankers, property agents, lawyers and whoever else is involved in property deals are making money. Its not our pple taking money and running somewhere else to contribute to someone else's economy. It's FT's money coming over here. End of the day part of the money gets stuck here in SG one way or another. So I ask this question again, why are U complaining?

Because the ordinary people do not benefit a single cent from this (in fact, they will be affected adversely as this will drive property prices beyond the reach of ordinary Singaporeans)? Because having more conmen in the country increases the risk that they will target Singaporeans sooner or later (knowing the lax protection of locals provided by the authorities here)?

 

[ahleebabasingaporethief]

Every other INDONESIAN living in S'pore also belongs to this group lah.

Wait for EXTRADITION TREATY to be signed then all will see.
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