Bengaluru: The owner of a popular chain of restaurants in Bengaluru has come under the scanner of almost all central revenue intelligence agencies for alleged involvement in high-volume gold and foreign exchange (forex) smuggling, money laundering and possessing huge undisclosed immovable assets.
The Directorate of Revenue Intelligence (DRI), Bengaluru Zonal Unit, has unearthed a major forex smuggling racket worth around Rs 50 crore in which Tamtam Chandrasekhar of ‘Plantain Leaf’, a chain of Andhra cuisine restaurants in the city, and some others are allegedly involved.
According to sources, the DRI had “intercepted and detained Chandrashekhar and his associate Vattalore John Wilson in September 2017 at the Kempegowda International Airport under COFEPOSA and seized 20.12 kg of gold worth Rs 6.24 crore from their possession. While investigating, they unearthed that Chandrashekhar had smuggled Rs 50 crore worth of forex to Dubai between January and September 2017,” said the officer.
The DRI is in the process of filing a prosecution complaint before the Special Economic Offences Court against Chandrashekhar and his other associates.
26/10/19 Bala Chauhan/New Indian Express
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The Directorate of Revenue Intelligence (DRI), Bengaluru Zonal Unit, has unearthed a major forex smuggling racket worth around Rs 50 crore in which Tamtam Chandrasekhar of ‘Plantain Leaf’, a chain of Andhra cuisine restaurants in the city, and some others are allegedly involved.
According to sources, the DRI had “intercepted and detained Chandrashekhar and his associate Vattalore John Wilson in September 2017 at the Kempegowda International Airport under COFEPOSA and seized 20.12 kg of gold worth Rs 6.24 crore from their possession. While investigating, they unearthed that Chandrashekhar had smuggled Rs 50 crore worth of forex to Dubai between January and September 2017,” said the officer.
The DRI is in the process of filing a prosecution complaint before the Special Economic Offences Court against Chandrashekhar and his other associates.
26/10/19 Bala Chauhan/New Indian Express
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