Radha Timblo tells ED son, Chetan, is MD of group

Panaji: The enforcement directorate (ED) on Tuesday quizzed Radha Timblo, named for allegedly stashing black money abroad, for nearly eight hours, in the alleged illegal mining case registered under the Prevention of Money Laundering Act. ED sleuths said they are in the process of issuing summons to Radha’s son, Chetan Timblo.The latter move, said sources, follows Radha informing the sleuths that she does not occupy any position in Timblo Enterprises, Timblo Private Limited (TPL), and Timblo Minerals Private Limited, which operate under the Satish Timblo group of companies. She further informed the ED that since April 1, 2013, Chetan has been the group’s managing director. Sources said summons will also be issued to the group’s executives, Gurudas Kanekar, M R Hegde, Arvind Hadarkar and Sanjay Alberto.Radha arrived at the ED office at Patto, Panaji, around 11am and was questioned till 6.45pm. During this time nobody was allowed to leave the office. Radha, when caught by mediapersons as she was exiting the ED office, refused to speak, saying merely, “No questions”.ED sources claimed Radha’s statement has been recorded and she has provided a lot of information but has not submitted any documents. They said she has sought a week’s time to submit the documents, and the same has been granted to her. “This is just the start, she will have to come to the ED office several times,” said officials.The law enforcement agency is investigating financial transactions, under-invoicing of iron ore exports, and illegalities pointed out in the Shah commission report on illegal mining in Goa. It has issued summons to 16 companies—Jain Udyog Pvt Ltd; Goa Ispat; Mangal Iron Ore Pvt Ltd; Mandovi Pellets Pvt Ltd; Chowgule and Co Pvt Ltd; Kamdhuenu Ispat Pvt Ltd; Magnum Mineral Pvt Ltd; Agri Gold Exims Ltd; MMTC Ltd; K B Steel Pvt Ltd; Omega Natural Resources Pvt Ltd; Sunrise Electromelt Pvt Ltd; Frost International Ltd; Bharat Mines and Minerals Pvt Ltd; Canara Overseas Ltd, and Bagadiya Brothers.TOI Goa News

Source:: Goa News Online

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