India, Sept. 24 -- The Enforcement Directorate (ED) has submitted a chargesheet against a city-based art dealer and four others in a money-laundering case where fake artworks were allegedly sold to a senior executive of a US-based private equity firm, duping him of nearly Rs.15.7 crore.

Filed recently in a special Prevention of Money Laundering Act (PMLA) court, the chargesheet names art dealer Rajesh Rajpal, his Rare Art Gallery, lawyer Vishwang Desai, and two bullion traders, people involved in the sale of high purity metals, as accused in the case.

The ED's probe began after the senior executive, Puneet Bhatia, filed a complaint with the Tardeo police. As per the FIR, in December 2023 the accused sold Bhatia fake paintings of renowne...