ECIR in nutshell are that the petitioners with other accused persons illegally converted the demonetized currency into monetized currency by depositing cash into the accounts of various firms, persons and subsequent issuance of demand drafts and also paying of commission to the conspirators who also deposited the money in various accounts and transferred it to satisfy their own liability. Based on the statements of the accused recorded under Section 50 of PMLA it is the case of the prosecution that a conspiracy was hatched on the asking of Rohit Tandon between his CA, Kamal Jain and Ashish Kumar against a commission of 35% of converting currency in further collusion with Raj Kumar Goel, an entry operator working from Naya Bazar, through Yogesh Mittal, a businessman having various shell firms/companies with different bank accounts in different banks operated by young people of poor strata of society against monetary inducement. For execution of the criminal conspiracy Ashish Kumar, Raj Kumar Goel and others visited the locations in and around the Chhattarpur farmhouse of Rohit Tandon and also his office at R-89, Greater Kailash-I, Delhi to collect the demonetized currency plus the commission amount @35% totaling approximately to ₹51 crores during the period of 15th November, 2016 till 19th November, 2016 from Dinesh Bhola, an employee of Rohit Tandon. Out of this amount of ₹51crores, ₹41.65 crores of money was converted in the form of demand drafts from Kotak Mahindra Bank, Bank of Baroda, ICICI Bank of which physical copies to the tune of ₹38 crores worth demand drafts have been recovered from Kamal Jain, however, demand drafts pertaining to commission of amount of ₹3.65 crores of Ashish Kumar’s commission, physical copies could not be recovered as it is the case of the prosecution that Ashish Kumar had already destroyed the same.
