The Enforcement Directorate (ED) charge sheet states that the jewellers forged 6,000 gold sale invoices and cash receipts in the names of fictitious customers to show gold purchases from 8 PM to midnight of November 8, 2016, the evening Prime Minister Narendra Modi announced demonetization.
The ED stated that the jewellers fabricated alleged gold sales invoices of just below Rs 2 lakhs to avoid noting down the PAN of the fictitious customers. The chargesheet names Musaddilal Gems and Jewels, Vaishnavi Bullion, Musaddilal Jewellers and others, who deposited Rs 111 crores in their bank accounts.
ED has named 41 accused, including promoters of Musaddilal Gems and Jewels and their relatives, in the chargesheet.
The ED has alleged L Bajrang Pershad Jewellers, Vijay Jewellers, M Rajender r Kumar Jewellers and Pearl Dealers, Vijay Vithaldas Jewellers, Inderlal Balmukund Jewellers, Murari Exports, Preethi Jewellers, Sri Yash Jewellers, Navdurga Gems and Jewellers Vonamala Jagadeeshwaraiah, Surajbhan Jewellers, Sree Kalpataru Jewellers, Tibarumal Ramnivas Gems Jewels and Pearls, Sanjay as accused who contributed black money for conversion.
The ED has further accused CAs namely Sanjay Sharda, Ashish Jain, Manish Gupta of Musaddilal, Tarun Jain Chartered accountant, Praveen Agarwal Tej Prakash, Tej Prakash Agarwal of P Satyaranayann Gems and Jewellery and Jewellery and Prem Kumar Sachdev and Nityesh Sachdev and Adityesh Sachdev and Aditya Saraogi and Awani Saraogi of Picture decor for indulging in the scam worth Rs.139 Crores.
The ED has stated that the accused raised fake cash receipts and sale invoices regarding alleged gold jewellery purchases by 6,000 fictitious customers between 8pm to midnight on the day demonetisation was announced.
A prosecution complaint was filed earlier before the PMLA court and a supplementary prosecution complaint has also been filed in September 2020.
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