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Hawala and black money trail leading to Aam Admi Party – AAP
On 21st August’2020, Delhi police arrested 2 individuals on the charges of money laundering and donation of Rs.2 Crores through fake shell companies to AAP – Aam Admi Party. The individuals are:

Mukesh Kumar (Age 53) – A resident of Ganga Vihar in Delhi

Sudhanshu Bansal (Age 43) – A resident of Laxmi Nagar in Delhi

Aam Admi party hired these men which included a Chartered Accountant to raise some finances for the political funding to help AAP in their upcoming election campaign. The above persons setup 4 shell companies to carry out this project.

Goldmine BuildCon Pvt Ltd

Skyline Metals and Alloys Pvt Ltd

Sun Vision Agencies Pvt Ltd

Infolance Software Solutions Ltd

Delhi police Economic offence wing received a compliant from Registrar of Companies (RoC) that 4 companies donated Rs.50 lakhs each. There was an infusion of huge funds into these shell companies by way of share premium but the sources of funds was not disclosed. One Deepak Agarwal who was the director on one of the company Skyline Metals and Alloys Pvt Ltd was summoned by RoC but it turns out that his signature and photograph on the company records with RoC were forged. That triggered the detailed a compliant on 21st November’2015 and a thorough investigation followed.

The digital signature used for procuring DIN (Director Identification Number) was under the name of Sudhanshu Bansal. The 2 accused obtained the DIN with forged documents and morphed photographs in order to avoid detection. When this story was made public way back in 2017 when IT department reported some money laundering, AAP leader Arvind Kejriwal reported political vendetta and harassment by ruling dispensation.

A tweet by AAP leader Arvind Kejriwal on 27th Nov’2017 voiced his party’s concerns that these were all political vendetta. IT dept has noted that AAP has not recorded donations of Rs.13.16 crores in its books for FY’2014-15.There was lot of pushback by AAP and a public narrative was set to show their image as clean as possible. All these news broke in 2017 Indian Express 21st Nov’2017 Financial Express – 27th Nov’2017 Times of India – 20th May’2017 Hindustan Times – 19th July’2017 Around this time IT department already revoked the tax exemption license granted to AAP for the FY 2015-16. The IT department had noted in its assessment order and penalty notice that “AAP had incorrectly accepted hawala money as voluntary political donations.” AAP went on record to refute all the charges and allegations. Sanjay Singh went on record to say that AAP is ready to face any investigations. AAP is not at fault. In Sept’2018, Election commission also send a notice to AAP about the donations of Rs. 2 Crores of Hawala money. 11th Sept’2018 AAP treasurer and minister ND Gupta went on record to term the Election Commission notice as “Poor Interpretation of basic accounting practices by Central Board of Direct Taxes – CBDT” Fast forward to August’2020 and after detailed investigations by Delhi police with close coordination of RoC (Registrar of Companies) and Income tax department, finally the men directly involved in this money launder scheme were arrested on 21st Aug’2020.