Siliguri 28 April:The city-based chartered accountant Dinesh Jajodia of Mumbai has been arrested in a Rs 1,000 crore money-laundering case against Geodesic Ltd following a two-year probe.The enforcement directorate (ED) had arrested him. Jajodia is allegedly the key link in the case and ED officials are interrogating him to unearth the money trail.Geodesic was known for innovations such as a live internet television service called Mundu TV.
In January 2016, Mumbai police’s economic offences wing (EOW) had arrested three Geodesic directors—Prashant Mulekar, Kiran Kulkarni and Pankaj Kumar—after registering a cheating case against them.The ED subsequently registered a money-laundering case against the three for allegedly defrauding investors in India and abroad.During the investigation, ED reportedly found that Jajodia was the crucial link in the case and summoned him for questioning on Thursday.After recording his statement, they arrested him for interrogation. On Friday, he was produced before a special court, which remanded him to five days’ ED custody.
The ED said"that the invesstigation has revealed that the accused has planned a criminal conspiracy to defraud shareholders as well as FCCB holders by creating a web of companies in various countries in order to receive wrongful gains.This entire plan was devised by Jajodia.
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