Crores of dirty choppergate cash were routed through Gautam Khaitan firms, alleges ED

Friday, 28 November 2014 By Legally India Bar, Bench & Litigation

The choppergate case of the Enforcement Directorate against OP Khaitan & Co managing partner Gautam Khaitan hinges around allegedly laundered money transferred to a number of companies and firms he controlled, from where the cash was transferred to him, his wife and two alleged middlemen who stand accused in the scam, reported The Hindu.

Citing the chargesheet, The Hindu wrote:

The ED found that IDS Tunisia had transferred a sizable chunk of the laundered money to Interstellar which was “controlled by Mr. Gautam Khaitan” through ML Administrators, Mauritius.

From Intersteller, two transactions worth 50,000 dollars and 1,00,060 dollars were made to the accounts of Mr. Khaitan and the third transaction of 50,000 dollars to his wife Ritu Khaitan, alleges the ED charge sheet…

The ED has alleged that IDS Tunisia had transferred about Rs.9.2 crore in Euros to Gautam Khaitan through OP Khaitan & Co. And Euromed USA ..

Khaitan remains in jail with the next hearing scheduled for 15 December.

Enforcement DirectorateOP Khaitan & CoGautam Khaitan

Comments

Jade 28 Nov 2014, 23:23
+5 -2
Here we go again. ED (and all the press) continiue to mention money laundering and "proceeds of crime" in their accusations. Nobody seems to notice that in order to have a case of laundering the proceeds of a crime there should be a crime to begin with! Everybody mentions the Italian investigations, but nobody mentions that after over two years of such investigations and a subsequent lengthy trial, no crime has been proven to the point that an Italian court has dismissed the case! These being the undisputable facts of a verdict rendered by a court of justice, why are these people still being accused of money laundering? Why is Gautam Khaitan still in jail? Who benefits from all this?
Whose brief? 1 Dec 2014, 06:45
+2 -2
Aaah, so you are obviously his lawyer.. or relative.

Chill out, beta.

Try as you may, his legal practice (and that 'name' generally speaking, never mind the hoo-haa surrounding other fix-it-masquerade-as-lawyers practices) is doomed.

I would advise change name and start something else. Or open up in a foreign country as an 'advisor' for such/similar deals.

At least one may have learnt what Not to do, moving forward...
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