After lawyer Gautam Khaitan, ED targets wife Ritu in black money case

DIALYHUNT
JULY 03, 2019

Acting against the holders of black money, the Directorate of Enforcement (ED) has attached amount of Rs 7.49 lakhs lying in bank account of Ritu Khaitan maintained with ICICI Bank, CP, New Delhi.

Ritu Khaitan is Gautam Khaitan's wife who is being probed in AgustaWestland corruption case along with black money case. According to the probe agency, the attachment has been made as the money lying in the bank was part of crime proceedings.

An officer of ED told India Today, "Ritu Khaitan is an accused who has committed an offence punishable under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

Accused Ritu Khaitan has held the beneficial interest, ownership in foreign assets, company, account and failed to disclose the same in her return of income filed before the income tax authorities."

Ritu, according to ED, has been found laundering money in various other personal and bank accounts of companies in Singapore and Mauritius in which she has beneficial interest. It has been alleged that she did not willfully disclose the relevant information related to the foreign bank accounts and companies which are owned by her.

"Investigation under the Prevention of Money Laundering Act, 2002 (PMLA) has revealed that the accused has maintained foreign bank accounts in her name, in the name of companies owned by her and in joint name with her father-in-law an husband in foreign jurisdiction namely Barclays Bank, Singapore and Bank of Singapore, Singapore. Documents were also received through Letter of Requests from banks in Singapore. On analysis of foreign bank accounts of accused it is revealed that there were huge inward remittances," said the ED.

Gautam Khaitan was arrested by the ED on January 25, 2019. He along-with his wife Ritu has been allegedly found to be involved in laundering the proceeds of crime for clients across the globe under the guise of providing legal consultancy.

ED claims that Gautam Khaitan is a habitual offender and there are other pending cases of corruption and money laundering against him.

"Investigation in the said cases had revealed his beneficial interest in undisclosed foreign entities and foreign bank accounts," said the ED.

Earlier ED had provisionally attached assets of Gautam Khaitan under PMLA worth Rs 8.45 crore which included properties in New Delhi, Haryana and Uttarakhand in March, 2019.

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