In what is seen as a tit-for-tat after the CBI tiff with Kolkata police over Saradha chit fund scam, the latter on Friday conducted ‘raids’ at two different locations of a non-banking finance company named Angela Mercantile Pvt Ltd allegedly linked to CBI former interim director M Nageshwar Rao’s wife.
The raids by Kolkata police were at the registered office of AMPL on Dr Rajendra Prasad Sarani and at Salt Lake’s CA block.
The company is owned by Praveen Aggarwal, who has not registered his firm as per law, according to police.
The company had a registered office in Salt Lake until October 2018. It was incorporated in February 1994. Police were said to be trying to establish a case of “unaccounted money” against Rao and his close associates.
However, Rao put out a statement denying any case of unaccounted money. “I want to state that I had already clarified regarding this issue through a signed press statement on October 30, 2018. Further, complete details of all property of my family and mine have already been submitted in my annual property return submitted to the government,” his statement said.
Rao defended the financial transactions between his wife and the private firm owned by Praveen Agarwal, their family friend, and said all relevant details had been submitted.