AAP leader and prominent lawyer Prashant Bhushan filed a complaint on Tuesday with the Supreme Court appointed Special Investigation Team (SIT) on black money. The complaint is about Rs 6,500 crore illegally sent to India from Singapore about which Indian High Commission informed the government.
‘This complaint is regarding the huge money laundering and siphoning of money involving India’s biggest corporate group (RIL) and India’s largest private sector bank (ICICI) that the SIT ought to investigate and prosecute,’ Bhushan wrote in his complaint letter.
The senior lawyer said in his complaint, ‘There have been two detailed CAG reports that Reliance Industries Limited (RIL) is involved in inflation of capital expenditure, over invoicing and siphoning of money from the KG Basin D6 Block. There is a clear suspicion that such amounts are being laundered and funneled back into Reliance companies’.
‘In this light, an alarming letter was written by the Indian High Commission in Singapore on August, 31, 2011. The High Commission had stated that Rs 6530 crores have come into India from Bio Metrix Marketing Ltd., a one room company in Singapore that does not do any business. It was pointed out that this is a company with no assets, no equity. It does not file income tax returns in Singapore claiming to be a small company. Yet, this huge investment by this company of Rs 6530 crores is the single biggest FDI into India from Singapore,’ said Bhushan.
‘This complaint is regarding the huge money laundering and siphoning of money involving India’s biggest corporate group (RIL) and India’s largest private sector bank (ICICI) that the SIT ought to investigate and prosecute,’ Bhushan wrote in his complaint letter.
The senior lawyer said in his complaint, ‘There have been two detailed CAG reports that Reliance Industries Limited (RIL) is involved in inflation of capital expenditure, over invoicing and siphoning of money from the KG Basin D6 Block. There is a clear suspicion that such amounts are being laundered and funneled back into Reliance companies’.
‘In this light, an alarming letter was written by the Indian High Commission in Singapore on August, 31, 2011. The High Commission had stated that Rs 6530 crores have come into India from Bio Metrix Marketing Ltd., a one room company in Singapore that does not do any business. It was pointed out that this is a company with no assets, no equity. It does not file income tax returns in Singapore claiming to be a small company. Yet, this huge investment by this company of Rs 6530 crores is the single biggest FDI into India from Singapore,’ said Bhushan.