ED attaches bank account of city bizwoman’s mom

AHMEDABAD: In a money laundering case, Enforcement Directorate (ED) on Friday attached a bank account belonging to businesswoman Sejal Shah’s mother. The bank account had deposits worth Rs 72 lakh. The money laundering case was registered in 2014 by the ED in connection with a forgery case of year 2009 under prevention of money laundering act (PMLA).
In September 2009, Sejal Shah and her accomplices Mahendra Shah, Rashmikant Patel and Mrugesh Patel were accused of embezzling Rs 14.53 crore from the HDFC account of Karnavati Dyechem Private Limited. A complaint was filed by former director of the company Deepak Trivedi, who accused Sejal of forging signatures on cheques with the help of Mrugesh Patel. According to the complaint, the cheque book had been obtained from the bank using forged signatures.
ED officials, earlier this week, raided the premises of Mahendra Shah and also recorded his statement. Sources said that the forged cheques were encashed through cheque discounter and the money was transferred to Mahendra Shah who in turn would pass the amount to Sejal Shah.
The same money had been deposited in the account of Sejal Shah’s mother.