ED in charge sheet against K Kavitha

The Enforcement Directorate (ED), in its recent supplementary charge sheet filed in the Delhi court, said the total proceeds of crime (PoC) identified so far amounts to Rs 1,100 Cr, of which Rs 292.8 Cr is dealt with in this prosecution complaint. The ED recently filed a supplementary chargesheet naming BR chief K Kavitha and several others in connection with the excise policy-related money laundering case.
The charge sheet said that Bharat Rashtra Samithi (BRS) leader K Kavitha was involved in PoC of 292.8 crores, including 100 crores (bribes to AAP leaders) and 192, 8 crores (Indospirits profit). K Kavitha conspired with Southern Group members and AAP leaders through Vijay Nair (who was acting on behalf of top AAP leaders) to pay bribes to the tune of Rs 100 Cr and receive undue advantages.
Kavitha, through conspiracy and training of Indo minds, participated in the generation, acquisition and utilization of the PoC of Rs. 1,000,000.192.8 Cr which was obtained at the continuation of a bribery conspiracy and the payment of bribes. By presenting Indo Spirits as a genuine business entity and acquiring the PoC of Rs 192.8 Cr, it is participating in the projection of this PoC as genuine profit from a legitimate business, the charge sheet states.
K Kavitha also received the PoC of Rs 5.5 Cr from M/s Indo Spirits on behalf of her associate Abhishek Boinpally. K Kavitha, by paying bribes to government officials through them, was involved in generating PoC of Rs. 100 Cr. K Kavitha was then involved in transferring this PoC to government officials, as stated in the charge sheet.
He also said that K Kavitha actively destroyed the digital evidence to cover up her role and involvement in this scam. K Kavitha deleted the evidence and contents of her mobile phone. K Kavitha presented 9 phones for examination, these phones were formatted and did not contain any data. She was evasive and could not give any explanation about these formatted phones. Kavitha is also involved in acts of influencing witnesses. Buchi Babu, CA of K Kavitha, revealed in his statement that an associate of K Kavitha was asked to withdraw his statements against Smt K Kavitha made on 23.02.2023 and 28.03.2023 to ED.
By participating in the conspiracy of formation of M/s Indo Spirits to recover advance bribes of Rs. 100 Cr paid K. Kavitha is knowingly involved in generating and transferring PoC of Rs 100 Cr and in generating , acquisition and possession of PoC Rs 192.8 Cr in the guise of profits generated by Indo Spirits (accused no. 4) during the month of November. 2021-August 2022. To acquire this PoC, Smt K Kavitha, in conspiracy with others, formed a partnership business using dummies/proxies and projected them as genuine business partners. Moreover, she is also involved in possessing Rs 32 cr approx. Through his nominee, Arun Pillai, who receives a portion of his share of the profits from M/s Indo Spirits. The same applies to the recovery of bribes paid in advance. In this way, Kavitha participates in the generation and acquisition of Rs 192.8 Cr. possession and projection of the POC as intact.
On May 29, 2024, the Rouse Avenue court took cognizance of the Enforcement Directorate's Supplementary Chargesheet (Chargesheet) filed against BRS leader K Kavitha and others in connection with the money laundering case. money linked to excise policy.
The charge sheet has been filed against BRS chief K Kavitha and other accused namely Chanpreet Singh, Damodar Sharma Prince Kumar and Arvind Singh.
Delhi's Rouse Avenue court on May 6 rejected bail pleas filed by Bharatiya Rashtra Samithi (BRS) leader K Kavitha in connection with CBI and ED cases related to the politics case excise.
BRS leader K Kavitha was arrested by the Enforcement Directorate on March 15, 2024 and by the Central Bureau of Investigation (CBI) on April 11, 2024.
Earlier, the CBI, in a remand application, had said that “Kavitha Kalvakuntla should be arrested in the present case to conduct her custodial interrogation to confront her with the evidence and witnesses to unearth the conspiracy broader plot between the accused and the suspected persons regarding the formulation and implementation. of excise policy, as well as to establish the trace of the ill-gotten money generated and to establish the role of other accused/suspected persons, including civil servants, as well as to uncover the facts which are to its exclusive knowledge.
The CBI probe was recommended based on the findings of the Delhi Chief Secretary's report filed in July showing prima facie violations of the GNCTD Act, 1991, the Transaction of Business Rules (ToBR), 1993, the Delhi Excise Act, 2009 and Delhi Excise Rules, 2010., officials said.
The ED and CBI had alleged that irregularities were committed while changing the excise policy, undue favors were given to licensees, license fees were waived or reduced and license L-1 had been extended without the approval of the competent authority.
The beneficiaries diverted “illegal” earnings to the accused officials and made false entries in their account books to evade detection, the investigating agencies said.
According to allegations, the Excise Department had decided to refund the advance deposit of around Rs 30 crore to a successful bidder, against the laid down rules.
Even though there was no enabling provision, a waiver of tendered license fees was allowed from December 28, 2021 to January 27, 2022, due to COVID-19, the investigating agency said and there would be had an alleged loss of Rs 144.36 crore to the company. chessboard