Published On: Fri, Jul 19th, 2019

ED attaches assets of company in CWG scam

New Delhi: The Enforcement Directorate (ED) on Friday attached assets worth Rs 1.43 crore of Sweka Powertech Engineering Pvt Ltd in connection with the Commonwealth Games of 2010.

Investigation under PMLA revealed that the accused had acquired proceeds of crime of Rs 1.43 crore

The attached assets include an industrial plot in Mewat area in Haryana. The cost of the land is stated to be around Rs 83.20 lakh. A fixed deposit of Rs 59.63 lakh in the name of Sweka Powertech Engineering has also been attached.

The Central Bureau of Investigation (CBI) had filed a chargesheet under the Prevention of Money Laundering Act (PMLA) against then Superintendent Engineer DK Sugan, then Executive Engineer OP Mahla, and company directors Jasminder Pal Singh and Tejinder Pal Singh and others.

The chargesheet was filed for fraud and criminal conspiracy in award of tender to Sweka Powertech Engineering Pvt Ltd to upgrade street lights in Delhi during the Commonwealth Games.

This led to a loss of Rs 1.43 crore to the government. All the accused and company have been convicted in the CBI case.

“Investigation under PMLA revealed that the accused had acquired proceeds of crime of Rs 1.43 crore by way of criminal activities related to offences of fraud and criminal conspiracy and integrated the said proceeds of crime with their normal business activity. The proceeds of crime were projected and claimed accordingly as untainted, thereby leading to commission of offence of money laundering,” the ED said in a statement.

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