India, March 23 -- The Mumbai unit of the Enforcement Directorate (ED) has submitted its charge sheet against businessmen Sidharth Chokshi and Abhay Chokshi, who allegedly held undisclosed foreign income and assets worth Rs.8.09 crore that were considered as proceeds of crime, as part of its money-laundering investigation.

ED's case is based on an earlier Income Tax (I-T) department 's charge sheet against the accused under the provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The I-T department's charge sheet was earlier submitted before the additional metropolitan magistrate, Mumbai.

ED's investigation revealed that both the accused were the beneficial owners of an offshore entity, ...