Advertisement
The federal investigation agency had issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach a Rs 50 lakh worth fixed deposit and the rest amount kept as bank deposits and held in two accounts of a private bank in Navi Mumbai.
Ayyub is the account holder and deposits totaling Rs 1,77,27,704 have been attached by the ED.
The money laundering case against Ayyub was filed after taking cognizance of a September 2021 FIR of Ghaziabad Police (Uttar Pradesh) related to alleged irregularities in donor funds of over Rs 2.69 crore raised by her through an online crowdfunding platform called ‘Ketto’.
Related Articles
Advertisement
Ayyub had then stated that the ”entire donation received through Ketto is accounted for and not a single paisa has been misused”. According to the FIR, the funds were raised as part of three campaigns: funds for slum dwellers and farmers during April-May 2020; relief work for Assam, Bihar, and Maharashtra during June-September 2020; and help for COVID-19 impacted people in India during May-June 2021.
”Funds totaling Rs 2,69,44,680 were raised on Ketto by Rana Ayyub. These funds were withdrawn in the bank accounts of her sister and father,” the agency said.
Out of this amount, Rs 72,01,786 was withdrawn in her own bank account, Rs 37,15,072 was withdrawn in her sister Iffat Shaikh’s account, and Rs 1,60,27,822 was withdrawn in her father Mohd Ayyub Waquif’s bank account, it said. All these funds, the ED found, were subsequently ”transferred” in Ayyub’s own account.
Ayyub submitted documents of expense for Rs 31,16,770 to the ED, however, after verification of the claimed expenses, the agency found that the actual expenses were to the tune of Rs 17,66,970, the agency stated.
”Fake bills were found to have been prepared by Rana Ayyub in the name of some entities to claim expenses on relief work. Expenses made for personal travel by air were claimed as expense for relief work,” it alleged.
The ED said its probe ”makes it abundantly clear that the funds were raised in the name of charity in a completely pre-planned and systematic manner, and the funds were not utilized completely for the purpose of which the funds were raised”.
”Instead of utilizing the funds for the relief work, Rana Ayyub parked some of the funds by opening a separate current bank account,” it said.
Ayyub, it added, created the fixed deposit of Rs 50 lakh from the funds raised on the online platform and subsequently ”did not utilize” these for relief work. The agency found Ayyub ”deposited a total of Rs 74.50 lakh in PM Cares fund and CM Relief Fund.”
The attachment order of the ED can be challenged before the Adjudicating Authority of PMLA.