The Enforcement Directorate (ED) has arrested Sunil Tripathi, former CEO of Madhya Pradesh-based Jayshri Gayatri Food Products Pvt Ltd (JGFPPL), in connection with a ₹20.59 crore money laundering case linked to alleged adulterated dairy products sold under the “Milk Magic” brand.
Tripathi was taken into custody on April 20 and produced before a special Prevention of Money Laundering Act (PMLA) court in Bhopal, which remanded him to ED custody till April 28.
The ED investigation revealed that the company allegedly manufactured adulterated dairy products by substituting milk fat with palm oil and harmful chemicals, supplying them in domestic markets as well as exporting to multiple countries.
To facilitate exports, the firm is accused of submitting forged laboratory test reports from reputed labs to the Export Inspection Agency in Indore, with authorities confirming that several of these reports were fabricated.
Tripathi is alleged to have played a key role in preparing forged documents, supervising export operations, and generating proceeds of crime, while also evading multiple summons during the probe. The ED conducted searches at his premises in Vadodara on April 1, seizing incriminating documents and devices and freezing bank deposits worth ₹9.36 lakh.
Earlier, the agency had arrested the company’s managing director Kishan Modi in March, who remains in judicial custody, as investigations continue into the full money trail and involvement of other individuals.
The case originates from an FIR registered by Bhopal Police in August 2023 against the company and its promoters, highlighting serious concerns around adulteration, export fraud, and regulatory violations in the dairy sector.
Source: Dairynews7x7 26 April, 2024 Read full story here
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