The layers of Chhangur Baba’s alleged conversion network have now reached the international financial level. Aaj Tak/India Today’s hand documents have revealed a big revelation, Baba’s Rajdar Naveen Rohra built a shell company in Panama. Foreign nationals were added to that company, but the real operation was carried out from India. The Enforcement Directorate (ED) suspects that money laundering of crores of rupees has been done through this company.
Ed handed documents
According to the information, Chhangur Baba’s Khasamkhas Naveen Rohra registered in the year 2003 in a company named Logos Marine SA in Panama. The company was registered through an International Shipping Bureau, with an authorized share capital of $ 10,000, or about 8.3 lakh rupees. Its address is also clearly stated- 30th Street, Balboa Avenue, Building No. 39, Panama City.
Foreign national in company, operation from India
Three foreign nationals were added to this shell company. Ariel Ricardo Padila Gordon (Chairman), Annabel Lorena Landires Monge (Treasurer) and Branda Patio de Torres (Secretary). But the ED suspects that all these names were only for showing. In fact, the entire control of the company was in the hands of Naveen Rohra, which is considered to be the trusted colleague of Chhangur Baba.
Money laundering under the guise of shipping company!
The ED has received strong information that Logos Marine SA was registered on the lines of a shipping company, but its real purpose was something else. Officials are apprehensive that money laundering of crores of rupees was done through this offshore company. This is a common method in which foreign nationals are given a nominal role and the real operation is secretly in someone else’s hands.
Documents found from Naveen’s locations
The ED has got all these documents during the raid on the hideouts of Naveen Rohra. These documents clearly show that all the rights and control of Logos Marine SA were with Naveen. With this, now the conversion of Baba Chhangur and the international connection of the economic network seems to be confirmed.
What is Logos Marine SA?
This company named Logos Marine SA was registered in Panama in 2003. It was given legal form through the International Shipping Bureau. According to the documents, the company’s formation shown an authorized share capital of \ $ 10,000. But its actual activities are now under the supervision of ED. It is also believed that the company was only on paper, in fact it was used for illegal financial transactions.
What is the whole matter?
Chhangur Baba’s name has been coming up on charges of conversion for some time. Baba is accused that he inspired people to convert by giving economic greed through an organized network. The names of many colleagues have also appeared in this network, of which Naveen Rohra is a prominent name. Now that this shell company and money laundering case has come to light, the investigation of ED can go internationally.
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