NEW DELHI: Three persons and an Amritsar-based firm were chargesheeted by Enforcement Directorate for alleged money laundering on a global scale in a drug trafficking racket on Saturday. The chargesheet was filed before district judge I S Mehta who assigned the case to additional sessions judge NeenaBansal Krishna. The chargesheet has been fixed for consideration on November 25.
Amritsar residents Gagandeep Singh and Paramdeep Singh, Delhi-based Gaurav Gupta, and firm Raja & Co Forex Pvt Ltd were charged with offence punishable under Prevention of Money Laundering Act (PMLA). "Investigation has shown that the accused Gagandeep Singh, Paramdeep Singh alias Raja and Gaurav Gupta by laundering ill-gotten funds have directly and knowingly dealt with proceeds of crime and concealed/projected the same as untainted property and hence have committed the offence of money laundering defined (under) section 3 of PMLA which is punishable under section 4 of PMLA where maximum punishment is up to 10 years rigorous imprisonment with fine," the chargesheet said.