The figure was cited by the investigative agency in its first indictment which was submitted to a special ED court on Monday.
It is also mentioned that Chatterjee himself was the candidate for most of these life insurance policies.
What is more interesting is that such a huge bounty was paid from the former education minister’s various bank accounts, according to bank statements recovered by central agency detectives.
In these policies, Chatterjee was mentioned as Mukherjee’s uncle.
“This entire sequence of insurance policies and their payment process is sufficient evidence to negate the argument raised by some sections that Partha Chatterjee and Arpita Mukherjee were mere acquaintances. These life insurance policies are strong evidence of the intimacy of the two,” an ED said. official.
Besides these policies, other land holdings jointly owned by Chatterjee and Mukherjee will also be useful for central agency detectives to establish the intimate relationship between the duo, the official noted.
In the indictment, the ED named a total of eight people – Chatterjee, Mukherjee and six directors of shell companies floating around in an attempt to divert proceeds from the scam to different channels.
The polling firm mentioned assets worth Rs 103.10 crore held by Chatterjee and Mukherjee.
ED officials said the assets included cash worth 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, property in the form of land and residences and investments in a number of companies.
He also named Chatterjee and Mukherjee as the main defendants in the scam.
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