amitabh bachhan corporation limited::A division bench of the hc also asked the enforcement directorate to take investigation of the matter within two weeks amitabh bachhan corporation limited

amitabh bachhan corporation limited::A division bench of the hc also asked the enforcement directorate to take investigation of the matter within two weeks.
The court also asked the agency to submit a status report within a month.
Singh dismissed the charge that he was laundering money through these shell companies as alleged in the fir.
An fir lodged with up police the basis for hc order for probe against singh alleges that the shell companies executed projects which they were not equipped to do.
In some other cases, the companies in question showed huge profits even though they were not doing business on a corresponding scale.
Singh denied the charge that he received any illegal money.
He said he has nothing to hide, and ed is welcome to investigate the case.
He expressed satisfaction that it is a central agency, and not the mayawati government in up, which will be probing the case.
Singh said updc was a nonprofit organization which had other distinguished members such as amitabh bachchan, , then md of reliance, pratap reddy and kumar manglam birla were the other people associated with it.
And mercury merchants pvt ltd and skj consultants pvt ltd.
The last one merged with sarvottam caps ltd and shares were offered at a premium in the accounting year 200304 when the petitioner had become chairman of the updc.
Later on these companies were allegedly amalgamated with the companies in which singh and his family members were main shareholders.
While the case was being investigated by the up police, it was later referred to the ed on the direction of the allahabad hc.
Last year when at the direction of the court ed zone had begun probing the case, the former sp general secretary had alleged harassment, and subsequently the case was shifted to the ed headquarters.