Baijayant Panda’s Alleged Money Laundering Case: Speedy Investigation Sought

New Delhi: A Delhi based NGO ‘PATH’ today held a press conference and demanded that the Union Government should immediately initiate a special probe against ruling party’s National Vice President Baijayant Panda and his wife’s all companies.

The NGO alleged that BJP’s Vice President Baijayant Panda and his wife Jagi Mangat Panda are involved in round tripping of black money, money laundering and cheating the Indian Government with crores of tax revenue.

It also claimed that there are already enough evidences made available to central agencies to charge both Baijayant Panda and Jagi Mangat Panda. Detailed exclusive findings have appeared in Indian Express also.

On 24th Jan, 2019, with all evidences and proofs, an activist filed a complaint with CBI, ED, CBDT, PMO & Delhi High Court against Baijayant Panda & Jagi Mangat Panda, it said.

After considering the plea of the activist, Delhi High Court on 7th February 2020 ordered central investigative agencies CBI, ED & CBDT to do a “Speedy investigation” of Baijayant Panda & Jagi Mangat Panda’s companies.

‘PATH’ also alleged that central agencies have not shown any sign of urgency in the matter, while the same central agencies have demonstrated great amount of speed and interest in raiding and investigating opposition leaders.

It’s not just the central govt but even the Odisha government has not pursued the matter to probe Baijayant Panda & Jagi Mangat Panda’s companies , ‘PATH’ alleged.

During today’s press conference the NGO made another explosive finding against OTV (Odisha television Limited) a company owned and promoted by Baijayant Panda & his wife Jagi Mangat Panda. OTV (Odisha Television Limited) made transactions with off-shore black listed shell companies.

OTV (Odisha Television Limited) bought a property in New Delhi on 25th Jan, 2019.The property belongs to Surangi Services Limited (SSL) company. OTV paid Rs.10 Cr to SSL. The Promoters of SSL having shareholding of over 90% are two off-shore shell companies based out of St.Kitts, Bahamas and Panama islands. Both companies are international shell companies formed by anonymous agents to launder black money.

It further alleged that both shell companies have invested crores of rupees in Baijayant & Jagi Mangat Panda’s other companies as a classic case of round tripping the black money.

The investor off-shore companies that did transactions with OTV and Ortel were already dissolved in 2018 and yet in 2019 on paper they were shown as working entities.

Panda’s. OTV has been built over the years on black money routed through off shore paper investors.

Due to political connections and affiliations, earlier Baijayant Panda misused his position as Member of Parliament to not just protect but grow his black money.

Dubious transactions, non-existing foreign companies are all proof to it.