Rajeshwar Exports, a private Diamond import company has been found be moved 700 cores of money abroad according to a report on India Today. This seems to be the biggest scandal of black money caught so far post notes ban. This scam was brought into light by Enforcement Directorate’s (ED) searches on Monday, who were too, surprised to see such a huge amount to be transported between countries in current demonetization phase.
As reported, this private company have taken about 25 bank accounts in the name of unexisting 8 shell firms and have deposited cores of money in multiple deposits. This amount of 700 cores were then transferred to the international bank accounts in Hong Kong.
Officials reported that the personnel caught and investigated in the inquiry of Enforcement Directorate are just the mediators and are paid by a bigger hand, as Rajeshwar Exports alone is not capable of dealing with such a huge amount.The whereabouts of the main hand are yet to be discovered.
