TEAM HERALD
PANJIM: Managing Director of Timblo Private Limited, Chetan Timblo, was on Friday questioned for over seven hours by the Enforcement Directorate (ED) in the illegal mining case.
Timblo has been summoned again on December 17, after he failed to produce documents relating to financial transactions of the mining firm. Timblo Private Limited figures among firms which were issued notices by the ED in connection with the money laundering case, emerging from illegal mining.
ED sources said that Timblo was questioned from 11 am to 6.30 pm, wherein he was asked a series of questions pertaining to the financial transactions of the company and details of ore production. “Timblo failed to produce the necessary document pertaining to financial transactions and ore production. We have granted (them) time till December 17,” sources said.
Earlier, last week, Radha Timblo, former director of the company was questioned. ED has also questioned two company executives — Gurudas Kanekar and Sanjay Alberto.
ED had in June filed the case investigation report (ECIR) under Prevention of Money Laundering (PML) Act, 2002 in the mining scam.
