Excise Police Scam Case: Delhi Court Extends Judicial Custody Of Raghav Magunta, Rajesh Joshi

A Delhi court has extended the judicial custody of Raghav Magunta and Rajesh Joshi till March 28. Both of them are accused in the money laundering case of the alleged irregularities in the framing and implementation of the Delhi excise policy 2021-22.

Judicial custody extended of Magunta & Joshi

The judicial custody of the duo has been extended to 10 days by Special judge Vikas Dhull of the Delhi Rouse Revenue court.

On Saturday, both the accused, Raghav and Rajesh were produced before the Delhi Rouse Avenue court after their previous judicial custody ended.

According to the Enforcement Directorate (ED), one of the accused, Raghav Magunta was arrested on February 10 in the link with Delhi excise policy scam case.

Also Read: Money Laundering Case: Court Extends Sukesh Chandrasekhar’s Judicial Imprisonment Till March 31

ED on excise-police scam case

Moreover, the officials said that both the accused, Raghav and Rajesh were a beneficiary of the conspiracy in which the South Group allegedly paid Rs. 100 crores to the Aam Aadmi Party (AAP).

They allegedly laundered and distributed money received on behalf of AAP for the campaign during the elections in Goa, the officials added.

During the probe in the money-laundering case angle stemming from the Central Bureau of Investigation (CBI), the ED has alleged that Raghav Magunta is a manufacturer and involved in the wholesale and retail part of the business which goes against the spirit of the excise policy.

ED also alleged that Magunta owned shares in the company namely Indospirits, which is said to be a vehicle for the recoupment of kickbacks.

Whilst, ED submitted that Joshi was involved in laundering money by raising fake invoices without any underlying service being provided by him.