#IncomeTax, #IncomeTaxLOC, #AshokMittalLOC, #NandKishoreChaturvedi, #FugitiveNandKishoreChaturvedi, #Fugitive, #Biggesthawaladealer

 Bharat Jeetega, Corruption Meetega!

PUBLIC INVESTIGATION

EXPOSE ON THE MAJOR HAWALA RACKET IN INDIA

Key players: Nand Kishore Chaturvedi and Ashok Mittal. One of the key document could be accessed here: https://www.scribd.com/document/694877440/DOC-20231212-WA0014

 (Note: All facts and documents are public and submitted in court. (The purpose of this article is to create public awareness and not target any individual.)

INCOME TAX FEARS ASHOK MITTAL, LIKE HIS PARTNER NAND KISHORE CHATURVEDI, THE BIGGEST HAWALA DEALER, MAY BECOME FUGITIVE IF COURT QUASHES HIS LOC

By Anjani Kashyap

The Income Tax (IT) fears that Ashok Mittal of Hotel Royal Plaza could become fugitive like his business partner Nand Kishore Chaturvedi, a wanted hawala dealer, if the LOC (Look Out Circular) is quashed against him. The department made this startling disclosure in its recent affidavit filed in the Delhi High Court while also alleging Ashok Mittal's non-cooperation during the probe and initiating proceedings against him under the Black Money Act for possessing undeclared foreign assets in the amount of Rs 450 crore. https://web.archive.org/web/20240104095528/https://www.ptinews.com/press-detail/IT-claims-Ashok-Mittal-is-a--flight-risk--with-450-crore-undisclosed-overseas-wealth--alleging-his-involvement-with-fugitive-hawala-trader-Nand-Kishore-Chaturvedi-in-a-Rs-50-crore-illicit-investment-in-Hotel-Royal-Plaza-in-2003-/293782

He had also been found to be involved in the transfer of his foreign assets after the LOC was opened against him while the income tax department conducted its probe into these entities.https://www.outlookindia.com/business-spotlight/delhi-high-court-upholds-loc-black-money-launderer-ashok-mittal-of-hotel-royal-plaza-by-abhinav-sharma-news-334756

In the affidavit, the IT department gave the following reasons: Why Should the Loc Continue in the Petitioner's, Ashok Mittal's Case? This was in response to Mittal's case filed in the DHC against the LOC. https://www.scribd.com/document/694877440/DOC-20231212-WA0014

The respondent's (income tax) investigation is at a very crucial point and has already turned up undisclosed foreign assets worth more than INR 450 crore. A response to FT (foreign tax) and TR (tax research) references is expected from 4 countries where the petitioner (Ashok Mittal) has undisclosed foreign assets and income. Therefore, the removal of the LOC at this stage will be very detrimental to the economic interests of India.  The petitioner (Ashok Mittal) is alleged to have committed the offences under the Black Money Act in connivance with one of the biggest hawala operators, Mr. Nand Kish ore Chaturvedi, whom both the ED and the Respondent (income tax) Department have been looking for since June 2017. The petitioner (Ashok Mittal) had appointed Mr. Nand Kishore Chaturvedi as the Power of Attorney Holder (POA) of Hillcrest Realty, Malaysia, and also of Goldmark Enterprises Limited, Mauritius. It has also come to the respondent's (income tax) knowledge that the petitioner, Ashok Mittal, his son, Mr. Vikram Mittal, along with Mr. Nand Kishore Chaturvedi, also became common directors of companies, namely Mis Frank Town Investment and Trading Company Private Limited and M/s Niranjan Housing Private Limited. This shows a deep nexus between the petitioner (Ashok Mittal) and Mr. Nand Kishore Chaturvedi. https://www.asianprimenews.com/news/rp-mittals-plea-stating-hillcrests-investment-in-hotel-royal-plaza-is-a-proceeds-of-crime-tied-to-wanted-hawala-dealer-nandkishore-chaturvedi-is-accepted-by-dhc/; https://www.indiatoday.in/india/story/income-tax-dept-raids-hawala-operator-nandkishore-chaturvedi-entities-several-states-2390183-2023-06-08

Also, petitioner Ashok Mittal isn't helping the respondent (income tax), and if he goes abroad without giving the information that was asked for in Notice dated December 29, 2022, which was sent to him under Section 10 of the Black Money Act, and without helping with the investigation, he will leave the country, tamper with evidence, and become another wanted fugitive like Mr. Nand Kishore Chaturvedi, which will clearly be detrimental to the economic interests of India. In that manner, petitioner (Ashok Mittal) is a serious flight risk, and hence, the LOC issued against him ought not to be quashed till the investigation under Section 10 of the Black Money Act is completed against the petitioner, Ashok Mittal. https://www.aninews.in/news/national/general-news/i-t-dept-raids-hotel-royal-plazas-chairman-for-stashing-rs-40-crore-abroad20220723165115/

The petitioner transferred RM 2 of the shareholding of Hillcrest Realty SDN. BHD. Malaysia from Bamberg Investment Inc., British Virgin Islands, to Aravali Trading LLC, Dubai, on November 23, 2022, following the search by the respondent (income tax) on July 7, 2022, and after the issuance of the LOC dated July 13, 2022, it has also come to the attention of the Department. So, giving the petitioner (Ashok Mittal) even more freedom to travel abroad will completely stop the Department's investigation, which is exactly why the MHA guidelines were made in the first place. The Department has been given the power to issue LOC in these situations. This is not a case of a petitioner (Ashok Mittal) who is fairly participating in the investigation proceedings and who is requesting the LOCquashing of LOC in his case. This is a petitioner, Ashok Mittal, who is actively concealing facts as to the Black Money Act proceedings and is rampantly making false statements in writ petitions filed before this Hon'ble Court and also in the rejoinder affidavit.  https://www.asianprimenews.com/news/rp-mittals-plea-stating-hillcrests-investment-in-hotel-royal-plaza-is-a-proceeds-of-crime-tied-to-wanted-hawala-dealer-nandkishore-chaturvedi-is-accepted-by-dhc/

There is no LOC against the petitioner's family, Ashok Mittal, and hence, the family can also travel abroad without restrictions. Therefore, the petitioner (Ashok Mittal) can easily fly away. The petitioner (Ashok Mittal) also has adequate connections and means to easily sustain life and livelihood outside India away from the civil, penal, and criminal consequences in India. The petitioner has already resided in Dubai for 4-5 years, which supports this. Therefore, it is the most humble submission of the respondent that it is cases like these where the Hon'ble Courts, including this Hon'ble Court, have exercised due caution and have refused to quash the LOC in cases where, like in the present case, the investigation was at a crucial stage.  https://medium.com/@hemantyadav2347/will-90-year-old-hotelier-rp-mittal-finally-get-justice-from-nclt-by-restoring-his-rights-over-d5bc5cf1f3c5;  https://www.indiatoday.in/india/story/income-tax-dept-raids-hawala-operator-nandkishore-chaturvedi-entities-several-states-2390183-2023-06-08

Note: For more details, please click on following links, based on media reports.

1..https://ashokmittalhotelplaza.blogspot.com/2023/12/the-media-exposes-fugitive-hawala.html

2. https://ashokmittalhotelplaza.blogspot.com/2023/12/media-highlights-fugitive-hawala-dealer.html

3. https://ashokmittalhotelplaza.blogspot.com/2023/12/media-highlights-fugitive-hawala-dealer.html

4.https://ashokmittalhotelplaza.blogspot.com/2023/12/media-exposes-ashok-mittal-nandkishore.html