Court directs ED to expedite Sanjay Bhandari's extradition process from UK

New Delhi: A local Court today took cognisance of a charge sheet filed by the Enforcement Directorate (ED) against fugitive economic offender Sanjay Bhandari.

A prosecution complaint (equivalent of a charge sheet) was filed on June 1 against Sanjay Bhandari and other co-conspirators, including various companies floated by Sanjay Bhandari in overseas jurisdiction, for the offence of money laundering.

ED has claimed that it's investigation has revealed that Sanjay Bhandari owned assets in various foreign jurisdictions, incorporated various entities in UAE as owner / beneficial owner and also had financial interest in entity incorporated in Panama. ED has further alleged that all those foreign assets and entities were not disclosed by Sanjay Bhandari to Income Tax authorities in India.


A complaint under the Black Money (Undisclosed Foreign Income & Assets) and Imposition of Act, 2015 [Black Money Act] was filed against Sanjay Bhandari by Income Tax authorities in pursuance of proceedings initiated against him by the Income Tax Department under the provisions of Black Money Act. The federal agency has alleged that investigation revealed that accused Sanjay Bhandari stashed black money abroad with the assistance of his accomplices to evade taxes causing huge financial loss to the national exchequer.

Taking cognizance of the charge sheet, the Special Court also issued summons to the accused and directed ED to expedite the process of extradition against Sanjay Bhandari pending before UK Authorities so that Sanjay Bhandari can be brought to India for trial in accordance with law.