KOCHI: The Enforcement Directorate, probing the money laundering probe against the Popular Front of India (PFI), told a court here Thursday that its investigation so far revealed that the Kerala-based company has received more than Rs 100 crore in its bank accounts over the years.
The agency, while looking for the extension of the custody of PFI student wing leader KA Rauf Sharif, arrested in connection with the money laundering investigation, presented the presentation here to the special court for the prevention of money laundering cases.
Considering EDIn the petition, the court extended Sharif’s custody for another three days.
In his affidavit submitted, ED stated that the source and disbursement of these funds are under investigation.
“Management’s investigation of PFI has so far revealed that more than 100 crore of Rupees have been deposited in PFI’s accounts over the years and that much of it has been deposited in cash,” the ED said.
He further stated that since 2013 PFI has indulged in various planned offenses and money transfers and cash deposits have also increased significantly after 2014.
The investigation also revealed that PFI was involved in anti-AAC protests and that funds during the period from December 2019 to February 2020 may have been used for that purpose, the affidavit says.
ED also mentioned the role and involvement of PFI members in the Delhi riots in February this year who became aware of the ongoing investigation into money laundering in riots.
“There are also indications that PFI has links to the recent violence in the city of Bangalore in which its political wing – SDPI – has been found involved.
PFI has also been involved in several cases in the past where public order has been disturbed and various crimes of a serious nature have been committed by members of organizations, “the affidavit reads.
The ED, which carried out searches at PFI offices and the residences of its agents across India, said incriminating documents and digital devices were seized during the raids.
He stated that PFI has raised huge amounts of funds overseas and that goals have also been set for raising funds from overseas.
Seeking custody of Rauf Sharif, national secretary general of PFI’s student wing, the ED said it is evident that the group and its associated organizations such as CFI have been continuously involved in money laundering and used the proceeds of crime. for committing illegal activities across India.
Sharif’s uncooperative and evasive attitude, coupled with his deliberate attempts to avoid participating in the investigation and flee the country, trigger further suspicions about his activities and involvement in money laundering activities, the ED said.
He has been presented before the special court since his seven-day custody granted to ED last week ended Thursday.
When Sharif informed the court that he was being mentally tortured by the agency, the judge warned and ordered ED not to repeat it.
The ED arrested Sharif after he was arrested by the authorities at Thiruvananthapuram airport two weeks ago.