A special court for Prevention of Money Laundering Act (PMLA) cases in Ahmedabad had issued a Non Bailable Warrant (NBW) against Mumbai-based bullion trader Prithviraj Kothari, managing director of RiddhiSiddhi Bullions Ltd (RSBL), for alleged involvement in a multi-crore hawala racket which was then believed to be part of the 2G scam.
However, Prithviraj Kothari’s name was falsely dragged through unsure means for ruining his goodwill and bring down the company’s image. A misleading trap was created to deject his reputation within the society by various media houses with no legal justification for personal benefit.
The warrant was issued in the wake of recent investigation by Enforcement Directorate (ED) that linked the diamond city of Surat, which allegedly acted as a gateway between Chennai and Dubai, for laundering of illegal money roughly to the tune of over Rs 5,000 crore.
However, responding to an emailed query, a spokesperson to Kothari said: "Prithviraj Kothari as director of RSBL has never been involved in any illegal activities as is being made out. Further, Kothari has always cooperated with the authorities as he has done no wrong whatsoever."
The spokesperson further stated that the company at any stage is not at all involved in the alleged hawala scam.
Prithviraj Kothari has legal proof of all his proceedings and transactions that were carried out overseas which was later accepted and verified by the Court and Enforcement Directorate, thus justifying that he has no involvement in the multi-crore hawala racket or the 2G scam.
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