October 30, 2020 1:15:27 pm
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 “big quantity of unaccounted funds” into the financial institution accounts of a drug peddler.
Bineesh was arrested by the central probe company below the anti-money laundering legislation in Bengaluru on Thursday following which a neighborhood 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.
Benamidar is an individual in whose identify the benami property is held or transferred, and a useful proprietor of the particular person 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 capsules 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’s also revealed that he (Anoop) held numerous financial institution accounts and indulged in transferring/layering of giant proceeds of crime into numerous accounts,” the ED claimed.
“Fund path investigation additionally established that massive quantity of unaccounted funds had been being commonly credited in his (Anoop’s) accounts by Bineesh Kodiyeri.”
“These had 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 had been performed on the directions of Bineesh who had paid big quantities of cash to him.”
“He couldn’t clarify these money and fund transactions and was fully evasive in his replies,” the ED stated.
The NCB had claimed up to now that “distinguished musicians and actors” in Karnataka are below 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 a couple of years in the past.
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