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New Delhi :
The PMLA Special Court of Lucknow has convicted two accused Vishal Sharma alias Shivash Pathak and Naeem Khan alias RK Mishra in a money laundering case related to the fraud committed with the Central Bank. He had taken loan on fake “Kisan Vikas Patra” purchased fraudulently from the post office by using fake ID and address of Government of India and Allahabad Bank. Both were sentenced to three years’ imprisonment on Friday.
The special court sentenced him to three years of rigorous imprisonment and imposed a fine of Rs 50,000 for the offense under Section 3 r/w 4 of the PMLA. Both were sent to Lucknow District Jail.
The Enforcement Directorate (ED) had investigated this case on the basis of four FIRs registered by Lucknow CBI under various sections of IPC 1860 against various persons including both the convicts. In the FIR, they were accused of taking loans using “Kisan Vikas Patra” with fake ID and address as part of a criminal conspiracy along with other accused, including postal employees. Through this act he defrauded Central Bank of India and Allahabad Bank to the tune of Rs 2.87 crore.
During the ED investigation under PMLA, five immovable properties, flats, shops, residential houses and agricultural land worth Rs 2.87 crore of both the convicts were attached. In the case, on April 11, 2018, a prosecution complaint was filed under Section 45 of PMLA against four people including accused Vishal Sharma and Naeem Khan.
During the trial he was convicted of money laundering. After hearing the arguments, Special Judge Ajay Vikram Singh sentenced both the convicts to three years’ rigorous imprisonment and imposed a fine of Rs 50,000 under sections 3 and 4 of the PMLA. The case is going on against other accused.