ED has arrested Mohali builder Rajdeep Sharma. This action has been taken in the famous Birfa IT case, in which five people have already arrested Maneep Mago, Sanjay Sethi, Mayank Dang, Tushar Dang and Jaspreet Singh Bagga. After the arrest, Rajdeep Sharma was produced in the Special Court of Delhi, from where the court sent him to an ED custody of 7 days.

This case is related to illegal foreign transfer worth about Rs 4817 crore. ED investigation revealed that the goods coming from China and Hong Kong were shown less challans, that is, the remaining money was sent out by showing imports at low prices.

Transfer of money to foreign companies’ accounts

Fake invoices were created to send this amount out, showing that the payment is being done for online services like server lease, crypto mining, education software and bear metal server, but in reality no service was given. This money went directly to the accounts of those foreign companies, which was under the control of Manideep Mango and his associates. From there the money was delivered to the companies of China.

According to the ED, Tushar Dang and Mayank Dang had created a large network. This included Indian importers and traders, hawala operators, local Angadia firms, cash handlers and several supply companies from China. Special warehouses were also built for them in big cities of China.

Many accused from India and China include

Investigation revealed that the builder Rajdeep Sharma’s consistent cash was with Tushar Dang. This cash was of the goods that Sharma imported through Dang. During interrogation, he admitted that he was aware of showing the goods under invoicing. These cash hawala was rotated through bank accounts and finally sent to foreign companies.

ED says that this case is part of a large international network, which includes many players from India and China. The investigation so far has revealed that this network has transactions for illegal money worth thousands of crores of rupees. The ED team is questioning Rajdeep Sharma and it is expected that sooner more big names will be revealed.

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