BENGALURU: The Enforcement Directorate (ED) in the Karnataka High Court has alleged that Bineesh Kodiyeri’s business ventures were a cover for money laundering and that the statement that he paid money to Anoop Mohammad, the accused in the drug case, to run a hotel could not be taken at face value.
Additional Solicitor General Aman Lekhi, appearing for the ED, said that the transfer of lakhs to Anoop without interest or collateral was unbelievable and that the money would be transferred through loans rather than money laundering through drug dealing. The amount allegedly borrowed in the name of Old Coffee House at Shankhumukham, Thiruvananthapuram is not in the income tax records. The statement of the accused in the drunken case that Anoop introduced Bineesh during the drunken party also drew attention.
According to Bineesh, if the fish and vegetable wholesale trade is done, will the daily income be not taken into account? The statement that a family friend was robbed on the train while coming to produce the documents is unbelievable.
Anikuttan, the driver who handed over Bineesh’s money to Anoop, and his business partner S. Arun was also summoned several times for questioning but did not appear. If it is a transparent transaction, why are they hiding? The owners of the buildings mentioned by Bineesh, the director of B-Capital Forex Trading in Bengaluru and B-Capital Financial Services in Kerala, do not know anything about the companies. He also alleged that money laundering had taken place through these paper companies. Bineesh’s bail application completed in ED case in money laundering case. The objection is on the 23rd.
English Summary : Bineesh Kodiyeri’s business ventures are for covering money laundering, says ED in High Court
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