Enforcement Directorate launches money laundering probe against NRI investor in Anar Patel’s firm

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The Enforcement Directorate on Monday confirmed it had launched a probe into allegations of money laundering against one of the investors of Anar Patel’s company, Relish Pharma.

Anar, daughter of the Gujarat chief minister, Anandiben Patel, has been in news because of series of allegations of violations and crony capitalism.

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The ED’s decision to probe the charges of money laundering against Yogesh Biharilal Parikh came after jantakareporter.com reported last month how the share value of Anar’s firm Relish Pharma had jumped more than 100 times as her mother became Gujarat’s chief minister.

Our investigation had also found that two of the top overseas investors in Relish Pharma namely were Renuka Yogesh Parikh and Yogesh Biharilal Parikh  ( 250000 shares with 15.96% holding each).

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An activist in Gujarat had filed complaints before the ED raising suspicions over money laundering while carrying out business transactions.

Replying to the activist Roshan Shah’s complaint, the ED on Monday wrote, “..After examination, it’s seen that the same is in the nature of the complaint regarding violation of provisions of FEMA/PMLA. The matter has been referred to the concerned section of the Enforcement Directoratefor further appropriate action.”

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