A day after it arrested Bineesh Kodiyeri, the son of Kerala CPI(M) chief Kodiyeri Balakrishnan, the ED stated on Friday that he allegedly credited “enormous quantity of unaccounted funds” into the financial institution accounts of a drug peddler.
Bineesh was arrested by the central probe company beneath the anti-money laundering regulation in Bengaluru on Thursday following which an area courtroom despatched him to Enforcement Directorate custody until November 2.
The ED alleged that the “drug peddler” on this case, Mohammed Anoop, was a benamidar of Bineesh.
A benamidar is an individual in whose identify the benami property is held or transferred, and a helpful proprietor of the individual for whose profit the property is being held by the benamidar.
Anoop was additionally arrested by the ED on October 17 on this case.
The ED probe stems from a Narcotics Management Bureau investigation that claimed to have busted an ecstasy tablets drug trafficking racket in Karnataka in August together with the arrest of Anoop and two others.
The ED issued an announcement and claimed that Anoop, throughout his custodial interrogation, “admitted that he was indulging in sale and buy of narcotics medication and was intently related to Bineesh Kodiyeri.”
“It is usually revealed that he (Anoop) held varied financial institution accounts and indulged in transferring/layering of giant proceeds of crime into varied accounts,” the ED claimed.
“Fund path investigation additionally established that vast quantity of unaccounted funds have been being usually credited in his (Anoop’s) accounts by Bineesh Kodiyeri.”
“These have been preceded by giant money deposits in Kerala into the accounts of Bineesh Kodiyeri,” the ED alleged.
The company claimed “Anoop is a benamidar of Bineesh Kodiyeri and all his monetary dealings have been accomplished on the directions of Bineesh who had paid enormous quantities of cash to him.”
“He couldn’t clarify these money and fund transactions and was utterly evasive in his replies,” the ED stated.
The NCB had claimed up to now that “distinguished musicians and actors” in Karnataka are beneath its scanner after this operation.
The three arrested on this case are accused of supplying medication to Kannada movie actors and singers.
Bineesh has maintained that he knew Anoop and his household and the latter had borrowed cash from him and a few others for establishing the restaurant enterprise in Bengaluru just a few years in the past.