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CBI`s Letters Rogatory on Ketan Parekh with Swiss authorities
The Switzerland authorities have begun examination of the Letters Rogatory sent by India seeking details of the bank account of big bull Ketan Parekh, one of the main accused in the multi-crore Pay Order scam, CBI sources said in New Delhi Monday.
The Switzerland authorities have begun examination of the Letters Rogatory sent by India seeking details of the bank account of big bull Ketan Parekh, one of the main accused in the multi-crore Pay Order scam, CBI sources said in New Delhi Monday.
The Letters Rogatory was being examined by the magistrate after which an order for passing on the information to the CBI was expected, they said.
The Letters Rogatory had been sent through the Designated Court in Mumbai after receiving a request for the same from the Ministry of External Affairs. The request was routed through diplomatic channel to Swiss authorities for execution. The account, said to have millions of Swiss Francs, had been frozen by the Swiss authorities after the CBI made a request to Interpol for an international probe into the alleged siphoning off of money from India, the sources said.
The Letters Rogatory has sought complete details about the account of Parekh which includes the transactions made since its opening, beneficiaries of the account and the actual amount deposited in the bank, the sources said. It also sought a thorough investigation by Swiss authorities into the route through which the money reached Switzerland, they said. The agency suspected that Parekh had siphoned off the money, allegedly acquired from the Rs 1000 crore scam involving Madhavpura Mercantile Cooperative Bank (MMCB), to the Swiss bank. Bureau Report
The Letters Rogatory was being examined by the magistrate after which an order for passing on the information to the CBI was expected, they said.
The Letters Rogatory had been sent through the Designated Court in Mumbai after receiving a request for the same from the Ministry of External Affairs. The request was routed through diplomatic channel to Swiss authorities for execution. The account, said to have millions of Swiss Francs, had been frozen by the Swiss authorities after the CBI made a request to Interpol for an international probe into the alleged siphoning off of money from India, the sources said.
The Letters Rogatory has sought complete details about the account of Parekh which includes the transactions made since its opening, beneficiaries of the account and the actual amount deposited in the bank, the sources said. It also sought a thorough investigation by Swiss authorities into the route through which the money reached Switzerland, they said. The agency suspected that Parekh had siphoned off the money, allegedly acquired from the Rs 1000 crore scam involving Madhavpura Mercantile Cooperative Bank (MMCB), to the Swiss bank. Bureau Report