Ranchi: Jharkhand High Court has rejected the discharge petition of money laundering accused Prem Prakash, known as Power Broker. The court said in its order that prima facie it appears that ED has sufficient evidence against Prem Prakash, which proves that he was involved in illegal mining in Sahibganj and money laundering of illegal earnings through it.
The court said that the nexus of Prem Prakash in the proceeds of crime has been revealed. He has still not been able to show how lakhs of rupees came into his account.
Actually, the Special Court of Ranchi PMLA (Prevention of Money Laundering Act) has framed charges against Prem Prakash and started the trial. Prem Prakash had challenged the order of framing of charges in the High Court. On which the court of High Court judge Justice Sanjay Kumar Dwivedi heard.
Along with the money laundering case related to illegal mining, ED has also made Prem Prakash an accused in the money laundering case related to land scam. Prem Prakash was arrested by ED last year, after which he is in judicial custody.
ED’s investigation so far has also revealed that Prem Prakash’s influence has not diminished even inside the jail and with the connivance of the jail officials, he is being provided all the facilities in the jail.