The Hon’ble Special Court (PMLA), Jalandhar has convicted Charanjit Singh, S/o Bishan Singh, under Section 4 of the Prevention of Money Laundering Act
The Hon’ble Special Court (PMLA), Jalandhar has convicted Charanjit Singh, S/o Bishan Singh. The conviction is under Section 4 of the Prevention of Money Laundering Act (PMLA), 2002. He committed the offence of Money Laundering as defined under Section 3 of PMLA, 2002. The Hon’ble Court found Charanjit Singh guilty. The court sentenced him to 3 years of rigorous imprisonment. He also needs to pay a fine of ten thousand rupees. The Directorate of Enforcement (ED) attached and confiscated his properties under Section 8(5) of PMLA, 2002.
“ED Investigation Initiated in 2012: Illegal Proceeds and Property Attachments”
The ED had initiated the investigation in 2012. It was based on an FIR registered by Punjab Police against Charanjit Singh, S/o Bishan Singh. The charges were under various provisions of IPC, 1860.
The ED uncovered that criminal conspiracy led to the generation of Proceeds of Crime (POC).. Cheating and forged documents further contributed to the illicit gains. These proceeds were He invested these proceeds in properties.invested in properties. The ED subsequently attached these properties.
Money Laundering : Charanjit Singh Convicted for Embezzling Rs. 2.48 Crore Government Funds
During the investigation, investigators found that Charanjit Singh embezzled government funds. He served as the Embossing Clerk of the Divisional Commissioner, Jalandhar Division. He did this by not depositing embossing fees into the government account. The amount was Rs. 2.48 Crore.Investigators found that Charanjit Singh submitted fake challans. After the investigation, the ED filed a Prosecution Complaint in 2017 according to PMLA, 2002. The Hon’ble Special Court has now decided the case. It has convicted Charanjit Singh under the provisions of PMLA, 2002. This was done vide order dated 19.12.2024.
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