The Telegraph
Wednesday , May 28 , 2014
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ED team to sniff Sanjeevani cash trail

Ranchi, May 27: Enforcement Directorate (ED) decided to start a probe into the financial irregularities of the Rs 300-crore-plus realty scam orchestrated by Sanjeevani Buildcon Private Limited, 10 months after CBI (Bihar-Jharkhand) took over its investigation.

A top ED source said they formally requested the CBI today to share copies of FIRs, details of cases in which chargesheets have been filed and other documents. The policy decision to probe the case was taken a week ago by ED’s Patna zonal office that covers Jharkhand.

“We will soon file the enforcement case information report (ECIR), the equivalent of an FIR. The ED will look into money laundering aspect and cash proceeds from crime,” the ED official said.

When central agencies CBI and ED work on the same case, they do so under two different legislations. While the CBI probes under the IPC, the ED does so under Prevention of Money Laundering Act.

So, while the CBI from July 2013 has been looking into criminal aspects, including nexus between Sanjeevani and government officials that led to Jharkhand’s biggest realty scam duping over 300 investors of their savings, ED will look into the money angle.

“If hundreds of people were swindled of crores, the money must have been invested somewhere. We will investigate the trail,” the ED official said, adding their Patna zonal office this month took action against one Patna-based builder Anil Kumar Singh, the MD of Patliputra Builders Limited.

In early 2012, hundreds of people, who had been lured by Sanjeevani’s promise of affordable homes, flats and plots in Ranchi, started discovering alarming anomalies such as fudged land deeds and assets sold multiple times.

As more investors discovered the anomalies, over 100 cases were registered by investors at different thanas, later clubbed together into 33 cases for CBI investigation. So far, the CBI filed chargesheets in around 10 cases involving sums of Rs 5 to 10 lakh in each.

Sanjeevani MD and mastermind Jayant Dayal Nandi, his two glamorous wives Anita and Anamika and aides Shyam Kishore Gupta, Arvind Kumar Singh and then Ranchi sub-registrar Sahdeo Mehra are among those on CBI scanner.

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