The figure was quoted by the investigative agency in its first indictment filed Monday in an ED special court.
It is also mentioned that Chatterjee herself was the nominee for most of these life insurance policies.
What’s more interesting is that such a huge bounty was paid from the various bank accounts of the former education minister, according to bank statements recovered by central agency investigators.
In these policies, Chatterjee was named as Mukherjee’s uncle.
“This entire set of insurance policies and their payment process are enough evidence to negate some sections’ argument that Partha Chatterjee and Arpita Mukherjee were just acquaintances. These life insurance policies are solid proof of how intimate the two were,” an ED official said.
Aside from this policy, another land property jointly owned by Chatterjee and Mukherjee will also come in handy for Central Bureau investigators to establish the duo’s intimate relationship, the official noted.
In the complaint form, the ED named a total of eight individuals — Chatterjee, Mukherjee and six executives of empty companies floated with the aim of diverting scam proceeds into various channels.
The investigative agency has named assets worth Rs 103.10 crore owned by Chatterjee and Mukherjee.
ED officials said the assets include cash of Rs 49.80 crore and gold worth Rs 5.08 crore seized from Mukherjee’s two residences in Kolkata in July.
The remaining amount is in the form of other real estate assets such as bank deposits, real estate in the form of land and housing and investments in a number of businesses.
It has also named Chatterjee and Mukherjee as the prime suspects in the scam.
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