A stash of gems and jewellery found in Lodha’s bank locker
kolkata/new delhi — Continuing its operations against arrested businessman Paras Mal Lodha, the ED has recovered a stash of diamonds, rubies and jewellery from a bank locker allegedly belonging to him in Kolkata.
The locker, located in a public bank branch in Alipore road of the state capital, was opened on Wednesday by a team of ED sleuths and the agency is now trying to evaluate the exact price of the recoveries, even as two more bank lockers belonging to Lodha are to be opened in as many other banks based here.
The agency had launched searches on two premises of Lodha in the West Bengal’s capital on December 27 following which it proceeded to search the bank lockers.
The locker contained some diamonds, rubies and a lot of other jewellery which are being evaluated now, they said.
During the searches on Tuesday, the agency had also seized some documents related to a purported Swiss bank account. The Enforcement Directorate (ED) is investigating Lodha after it booked him on criminal charges for his alleged involvement in two high-profile black money cases of illegal conversion of old notes post demonetisation.
Lodha (62) is also expected to be produced in a court in Delhi as his ED custody ends on Thursday.
The agency, as part of the searches in Kolkata, covered two of his premises at S N Roy road and Queens Park even as one of his locations in Delhi’s elite Lutyens zone area was brought under the operation a few days back.
The agency, apart from seizing some computer peripherals and other hardware, has also recovered some documents, purported to be of a Swiss bank account in the name of a women, who could be associated to Lodha.
Lodha was arrested in “connection with the recovery of large amount in new currency notes from a company belonging to Rohit Tandon and J Sekhar Reddy of Chennai”. The agency had earlier claimed that he was involved in a “deep-rooted conspiracy” in this case and that he was charging a commission “at the rate of 15-20 per cent” to convert old notes into new ones of several people.