ED Suspects Bineesh Kodiyeri, Son Of Kerala CPI(M) Secretary, Laundered Money From Dubai [Read Application]

ED has made this allegation in its remand report which was submitted before the special court on Monday, seeking extension of custody of Bineesh, which was granted till November 7.

The report further states that during investigation it was revealed that one Abdul Latheef is a benamidar of Bineesh and is a partner in his restaurant Old Coffee House. It is also stated that Latheef is an accused in the Kerala Gold Smuggling case. "From the investigation done so far it is clear that the modus operandi of Mr Bineesh Kodiyeri is to have many benamidars and create assets in their names to avoid detection," it says.

It is also claimed that Latheef is supposed to be holding assets in which narcotics money of Bineesh has been invested. The report states ED is trying to investigate and trying to gather financial details of M/s UAFX solutions, M/s Car Palaces, M/s Capito Lights, M/s KK Rocks Quarry etc.

Further it is said that during the investigation the names of two benami companies emerged, viz Rianha Event Management Pvt LTD and Productions Pvt Ltd, registered under ROC Bengaluru, which are suspected to be managed and controlled by Bineesh. It is alleged that huge money laundering activities have been taking place in these two companies. ED said details of the said companies have been sought from the ROC and banks and the replies are awaited.

The report also states that on verification of Bineesh's bank accounts especially in the IDBI bank and HDFC bank shows that huge amounts were seen deposited in them. Bineesh has failed to give any satisfactory reply about the source of such huge cash deposits in his accounts. Moreover, the deposits are not commensurate with the Income Tax returns filed in the relevant years. The report states "It is established that these huge cash deposits are nothing but proceeds of crime generated from dealing in Narcotics drugs as defined under section 2 (1) (u) of PMLA act.

The ED has claimed that one Al-Jassam Abdul Jabbar who owns high end cars for the benefit of Bineesh has emerged during the investigation. It could not carry out any detailed investigations in the state of Kerala from where large sums of cash were layered into the accounts of co-accused Mohammed Anoop and other benami businesses and Benamis in the name of other benamis of Bineesh.

The remand report also mentions that statement of one Suhas Krishnegowda was recorded on October 30, wherein he has stated that Bineesh has consumed illegal drugs namely cocaine and that he used finance Mohammed Anoop in his illegal drug peddling business. The same is confirmed by one Sonet Lobo, in his statement. .

Seeking for extension of custody the department said Bineesh is not cooperating during the PMLA investigation and not divulging the details of the entire laundered money while deposing the statement under section 50 (3) of PMLA Act and the accused has been adopting evasive tactics on medical reasons and not cooperating with the investigations.

In its previous remand report the ED has said that Bineesh is the boss of already arrested alleged drug peddler Mohammed Anoop and Bineesh has transferred huge amounts of funds into the accounts of Anoop.

Mohammed Anoop - was recently arrested by the Narcotics Control Bureau (NCB) in Bengaluru, after he was found in possession of 60 grams of MDMA tablets (a psychotropic substance) in his residence. Later he was arrested by ED.

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