Excise 'scam' shifted profit from government to private entities: ED
Former Delhi Deputy Chief Minister Manish Sisodia "conspired" with others to frame a faulty excise policy in order to generate kickbacks and proceeds of crime to the tune of more than Rs 290 crore, the ED alleged before a court here on Friday.
The federal investigative agency had arrested Sisodia, 51, at the Tihar Jail on Thursday. A special court sent Sisodia to Enforcement Directorate's custody till March 17 after the agency produced him before a special court on Friday.
"Proceeds of crime of at least Rs 292.8 crore (calculated as on date which is likely to increase during the course of investigation) is attributable in respect of the role of Sh. Manish Sisodia...", the ED said in its remand papers while seeking his custody.
Sisodia, it said, "Conspired with other persons and actively involved in formation of faulty policy against kickbacks...Sisodia has played role in generation, transfer, concealment of the proceeds of crime and projected the same as untainted."
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