New Delhi: The CBI on Monday registered a case against meat exporter Moin Qureshi and others on the complaint of Enforcement Directorate. The investigative agency also conducted raids in Delhi, Ghaziabad, Hyderabad and Chennai in connection with Qureshi’s money laundering case.
Earlier this year, a Look Out Circular (LOC) was issued by the Enforcement Directorate against Qureshi to ensure his presence during the probe in the money laundering case against him.
His full name is Moin Akhtar Qureshi. He received his education at Dehradun’s Doon School and Delhi’s St Stephen’s College. He is said to be very active in alumni events, which have also helped him strengthen his network.
He entered the world of business in 1993 with a small slaughterhouse at Rampur in UP. Over time he became one of the biggest meat exporters in India.
Since 1993, Qureshi has established some 25 companies spreading over various sectors including construction and fashion. But, AMQ Agro, a company that exports animal gut, remains his flagship firm.
He reportedly become a close business associate of liquor baron Ponty Chaddha in 1995- just two years after starting his own meat business. But, Qureshi fell out with his son Monty after Ponty’s death in 2012.
He owns a farm at Delhi’s Chhattarpur, designed by celebrated French architect Jean-Louis Deniot. It featured on the cover of leading design magazine, Elle Decor.
Under the new Black Money Act, Moin Qureshi is said to be among the biggest evaders of income tax in the country. ED is understood to be investigating funds totalling about Rs 200 crore stashed abroad by Qureshi.
Qureshi first came under the IT scanner in 2011 soon after the wedding of his daughter, Pernia. He had flown in famous sufi singer Rahat Fateh Ali Khan to entertain his guests.
The Pakistan singer was detained on his way back by the Directorate of Revenue Intelligence for not disclosing foreign currencies amounting to Rs 56 lakh in cash – apparently taken as fee for his performance at the wedding.