ED summons Yashwant Jadhav under FEMA violations
Investigation is at a preliminary stage, and is based on the Income Tax raids conducted at his premises in February this year.
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Mumbai, May 25: In a development ahead of Brihamumbai Municipal Corporation polls, senior Shiv Sena leader Yashwant Jadhav was summoned by Enforcement Directorate (ED). He will be questioned on the allegation of violating the rules of the Foreign Exchange Management Act (FEMA).
Earlier on February 25, the I-T dept carried out searches at more than 35 premises linked to Yashwant Jadhav and some BMC contractors. Issuing a statement on March 3, the Central Board of Direct Taxes (CBDT) asserted that these contractors prima facie evaded income to extent of Rs. 200 crore due to malpractices.
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The CBDT added, 'Evidence of their involvement in international hawala transaction and routing of the ill-gotten money to certain foreign jurisdictions have also been recovered". Back then, Shiv Sena MP Sanjay Raut claimed that the raids were done with an eye on the upcoming municipal polls. He opined, "Municipal Corporation polls are here, so central agencies have worked only in Maharashtra and West Bengal. (They have) no work in the rest of India. All is well there".
Investigation is at a preliminary stage, and is based on the Income Tax raids conducted at his premises in February this year. While Jadhav was a Shiv Sena corporator and the chairperson of the BMC Standing Committee, his wife Yamini Jadhav is a sitting MLA from Byculla.
Reacting to ED summons, Maharashtra BJP president Chandrakant Patil remarked, "I won't comment on this matter. All these organizations come under the Central government but the Central government doesn't control them. They are independent. Let them do their work."
Earlier on February 25, the I-T dept carried out searches at more than 35 premises linked to Yashwant Jadhav and some BMC contractors. Issuing a statement on March 3, the Central Board of Direct Taxes (CBDT) asserted that these contractors prima facie evaded income to extent of Rs. 200 crore due to malpractices.
Also Read | I-T dept attaches Shiv Sena leader Yashwant Jadhav's 41 properties
Without naming Jadhav, it said, "Numerous incriminating documents, loose sheets and digital evidences have been found and seized. The evidence so seized strongly indicates a close nexus between these contractors and the said (prominent) person".
The CBDT added, 'Evidence of their involvement in international hawala transaction and routing of the ill-gotten money to certain foreign jurisdictions have also been recovered". Back then, Shiv Sena MP Sanjay Raut claimed that the raids were done with an eye on the upcoming municipal polls. He opined, "Municipal Corporation polls are here, so central agencies have worked only in Maharashtra and West Bengal. (They have) no work in the rest of India. All is well there".