ED files money laundering case against VK Singh's political aide Shambhu Prasad Singh

NEW DELHI: The Enforcement Directorate has filed a case of money laundering against Shambhu Prasad Singh, the political aide of Union minister VK Singh, and two companies, jointly owned by him. Singh, who has been associated with the former Army chief for several years, is also an accused in an FIR registered by CBI and economic offense wing of Delhi Police. ED, in its FIR, has alleged that Singh’s company — Dynamic Shells — provided bogus documents to a bank for guarantee in securing contracts for supplying pre-fabricated shelters to Assam Rifles. When contacted Prasad Singh denied the allegations and claimed that this was all being done at the behest of an ex-police officer. “I have nothing to do with these companies. Delhi Police registered a case against me but they have so far not filed any charge-sheet. I have filed an appeal before the HC for quashing of FIRs against me,” he told ET over phone.

Prasad Singh said Dynamic Shells was owned by his wife and her brother, with whom his relations were strained. “How can I be associated with these companies,” he said. But, contrary to Prasad Singh’s claims, the Registrar of Companies records show that he has been director of the company from 2007.

ED officials say the agency has identified properties owned by Prasad Singh and his family members. These include two houses in upscale Greater Kailash, New Delhi, and another property in Kolkata. Beside these, the agency is also said to have identified bank accounts owned by him and his family members. Under Section 3 (offence of money laundering) of Prevention of Money Laundering (PMLA), the proceeds of crime can be provisionally attached by ED.



ED plans to question Prasad Singh and others who were associated with Dynamic Shells as well as another company, Sai Baba Builders and Consultants. CBI which registered a case against him last October, has named three directors of Sai Baba Builders and Consultant — Singh’s wife Manjari, Shyam Sunder Bhatter and JPN Singh.