Natwar 'dirty cash' out in the open

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New Delhi: The CNN-IBN Special Investigation team has caught alleged hawala dealer Chetan Gupta making a stunning admission on camera.

Gupta says he was involved in money laundering operations for Natwar Singh and his wife Herminder Kumari.

“Normally what happen is that I would take the number from Natwar Singh or Mrs Natwar Singh and give it to Jatin Kothari. He would get the money transferred. They used to call me to say that the money has been transferred. I would wait for two days and then ask Natwar Singh to check that they received it or not. Once they confirmed that it is received, I would confirm it to Jatin,” reveals Gupta.

Gupta, a Delhi-based businessman, was arrested on May 17 by Punjab vigilance bureau in connection with the Rs 3,000 crore Ludhiana City Centre Scam.

CNN-IBN is in exclusive possession of a video testimony given by Chetan Gupta which says that Natwar Singh and his family parked their black money with him, which he then siphoned to their foreign bank accounts using a hawala broker and diamond merchant named Jatin Kothari.

The money was used to buy a flat for Natwar's wife who is former Punjab chief minister Amarinder Singh's sister.

However, when contacted, Natwar Singh told CNN-IBN that he knew Chetan Gupta but denied placing any black money with Gupta or using his hawala network to transfer money to foreign bank accounts.

THE BLACK CHANNEL

Amarinder Singh and 18 others were booked by the Vigilance Bureau on March 24 on charges of cheating and corruption in connection with the Ludhiana City Centre scam.

A computerised book of accounts, a pen drive and telephone memory card recovered from Chetan Gupta by the Punjab vigilance bureau in May this year revealed hawala transactions by former Chief Minister Amarinder Singh and his relatives.

The names mentioned in the pen drive and computerised account books included those of Amarinder, his son Raninder Singh, mother Mohinder Kaur, sister Herminder Kumari (Bibaji) and Natwar Singh.

According to the VB Amarinder has four accounts with Gupta, each one under an alias, and that all this is part of money Amarinder received as bribes in the real estate project.

It is also alleged that Natwar Singh stashed away crores of rupees with him to allegedly siphon off funds to buy property in London..

Investigators believe Gupta has a Swiss Bank account and his account books reveal the payments made to different beneficiaries.