Sunday 19 May 2019

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Radha Timblo quizzed for 5 hrs in black money case

 

Enforcement Directorate (ED) on Tuesday questioned Goa-based miner Radha Timblo, whose name figured in the black money list submitted by the government in the Supreme Court, for the second time in a fortnight in connection with a money laundering probe against her mining firm.

"She was questioned by the investigating officer of the case for close to five hours. She has submitted some documents and answered questions," ED sources said.

They said Timblo sought some more time to furnish certain additional details about her and her mining company Timblo Private Limited, which has been granted.

She was last questioned on 18 November.

ED has asked Timblo to furnish details of her company, its business operations and their financial transactions over the last few years in the case where it has registered a criminal complaint under Prevention of Money Laundering Act (PMLA).

"Timblo has assured cooperation in the probe," they said.

The firm and its directors are being probed by ED, along with other mining firms based in Goa, after it registered a money laundering case in the Rs 35,000-crore Goa mining scam which was earlier investigated by the Justice M B Shah Commission for alleged large-scale irregularities.

 

The agency had recently questioned her son Chetan Timblo and a few other executives for recording their statements in the same case.

Timblo's name came to the fore after the central government submitted a list in the Supreme Court last month mentioning the name of the firm and its directors including Radha Satish Timblo, Chetan S Timblo, Rohan S Timblo, Anna C Timblo and Mallika R Timblo.

Timblo had maintained she had "no undisclosed bank account abroad" and that she has not done anything illegal.

The agency had in June this year registered a complaint under PMLA after taking cognisance of the reports of the Commission, the inquiry boards constituted in this regard and also an FIR filed by Goa police last year in August.






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