NALCO ex-CMD, three others ordered to be put on trial in PMLA case

A Delhi court has ordered framing of charges against National Aluminium Company Ltd’s (NALCO) former CMD Abhay Kumar Srivastava, his wife and two others on an alleged money laundering complaint filed by the Enforcement Directorate.

Besides Srivastava, his wife Chandini Srivastava, alleged middleman Bhushan Lal Bajaj and his wife Anita Bajaj were ordered to be put on trial by the court for the alleged offences under Prevention of Money Laundering Act (PMLA). This is the second case in which court has ordered framing of charges against these four accused as they were also put on trial along with three others in an alleged corruption case lodged by the CBI. The court had also framed charges against Srivastava and his wife in a separate alleged disproportionate assets case.

While ordering framing of charges under the PMLA against the four accused, Special Judge Vinod Kumar observed that the complaint and material placed before him by the ED discloses a prima facie case against them. “I am not inclined to discuss any further aspects of the case because the same have been fully covered in the complaint. Perusal of the complaint and material on record discloses a prima facie case of Prevention of Money Laundering Act against all the accused,” the judge said.