In line with sources, Saluja was requested to hitch the probe on November 11 however skipped it. “The ED had filed a case with town police which has now been transferred to the Financial Offences Wing (EOW). The EOW has already been probing the allegations made by a shareholder in opposition to the open supply made by the Burmans. Now, the 2 instances are being clubbed and the probe will confirm the allegations made by the ED,” stated a senior police official aware of the investigation. Together with Saluja, the opposite two key managerial personnels named (Nishant Singhal and Nitin Aggarwal). within the FIR had been additionally requested to hitch. We’re but to listen to from them,” added the supply.
Sources stated town police has reached out to the insurance coverage regulators. Earlier in July, IRDAI had directed Care Health Insurance to purchase again 7.57 million shares allotted to Saluja, the non-executive director and chairperson of Religare Enterprises, and levied a penalty of Rs 1 crore for failing to acquire prior approval for such remuneration. Nevertheless, Securities Appellate Tribunal (SAT) later stayed the order stayed for 12 weeks.
On September 6, the ED filed a primary data report (FIR) in opposition to Saluja on fees of felony conspiracy and dishonest, together with an Enforcement Case Info Report (ECIR) underneath the Prevention of Cash Laundering Act (PMLA). The ED is investigating Rs 200 crore plus value of ESOPs issued to Saluja by Care Well being Insurance coverage, a subsidiary of Religare Enterprises. Sources say she had joined the probe.
Religare didn’t reply to ET’s particular queries on the summons.
Earlier in August, ED carried out searches at a number of premises linked to the senior officers at Religare Enterprises, together with Rashmi Saluja, and seized a number of paperwork.