Shweta Mangal Ziqitza claims that at Ziqitza Healthcare Limited (ZHL), she and her colleagues meet medical problems that deeply affect people daily, the majority of which require immediate medical attention. Shweta Mangal Ziqitza further claims and shows that Ziqitza Healthcare Limited is properly equipped and consistently delivers services.
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The brand name of Shweta Mangal’s company is Ziqitza (Jigyasa + Chikitsa), which they use as a brand logo to showcase and further claim their false efforts to perfectly capture our efforts to deliver the best urgent medical response service to those in need anywhere in India, whether they are in rural areas, urban centers, corporate settings, or hospitals.
Shweta Mangal Ziqitza further claims that at Ziqitza, their services include Ambulances, Medical Helplines, Mobile Medical Units, and Corporate Health Solutions ranging from ambulance/ doctor/ medical rooms which are tailored to provide the best Emergency Medical Response to patients and clients.
To endorse themselves Ziqitza Healthcare Ltd. held a felicitation ceremony in Bhopal to recognize academic achievers and their parents. The organization, which was co-founded by Shweta Mangal Ziqitza, honored 20 pupils in class 10 as part of the second iteration of its Scholarship Program for the offspring of ambulance crew members.
They advertised and showcased themselves so well that they gave big rewards to the best three candidates. The best three academic performances among the eligible candidates received a total of Rs 50,000, while 17 additional state residents received Rs 10,000.
Shweta Mangal Ziqitza- Raj ambulance scam: ED raids premises of Ziqitza Healthcare
The ED has filed a criminal case about the ambulance contract given to Ziqitza based on a CBI FIR and accused some prominent Congress politicians of being involved in the fraud or favoring the company.
After the directors of Ziqitza Healthcare in Mumbai failed to respond satisfactorily to inquiries from the agency regarding the contract the business had received for managing the emergency ambulance service 108 in Rajasthan during the previous Congress administration, the directorate raided three of their premises on Tuesday.
By the Prevention of Money Laundering Act (PMLA), the ED had summoned the managing director of Ziqitza Health Care in September to determine if foreign investments received by the company were legitimate investments made with RBI approval or in violation of the Foreign Exchange Management Act.
The registrar of companies and other agencies have sent information to the anti-money laundering agency regarding the investment trend in Ziqitza. According to preliminary investigations, numerous international corporations purchased equity and preference shares to invest in Ziqitza. The Grand Global Impex Pte Ltd of Singapore, Acumen Fund Inc. of the US, and Global Medical Response of India Ltd. of Mauritius are some of these overseas organizations. However, the CBI is looking into whether the tender terms were changed to favor the company so that it was the only bidder, whether false invoices were submitted by the company, and whether there were any other financial irregularities in the equipment purchase.
Shweta Mangal Ziqitza- Raj ambulance scam: Shweta Mangal sent to custody
Shweta Mangal Ziqitza, CEO of Zigitza Health Care Pvt Ltd, was ordered to spend the day in judicial detention by a special CBI court hearing the ambulance scandal in Rajasthan.
Following the CBI’s filing of charges on June 4, the court had previously issued bailable warrants for the arrest of Ravi Krishna, director of Zigitza Health Care and the son of former Union minister Vayalar Ravi, Shweta Mangal Ziqitza, the company’s CEO in Mumbai, and employee Amit Antony Alex about alleged corruption in the operation of ambulance services in Rajasthan. On August 23, they were requested to appear before the court.
However, Shweta Mangal Ziqitza showed up in court on Tuesday and requested bail; however, the judge ordered her to spend the day in jail under judicial custody. On Wednesday, her bail request will be heard.
The Vasundhara Raje administration introduced the free ambulance service with telephone number 108 during her first term. The EMR firm offered the service. However, it was claimed that the Congress administration that replaced her under Ashok Gehlot altered the terms of the tenders to favor Ziqitza Health Care and made it the only bidder.
Former chief minister Ashok Gehlot, alleged directors of the company Pilot, Karthi (son of former Union Minister P Chidambaram), Ravi Krishna (son of former Union Minister Vayalar Ravi), Ziqitza Health Care, its Director Sweta Mangal, the former state Health Minister Duru Mirza, and the Director of the National Rural Health Mission are all named in the FIR filed by the state government, according to CBI sources.
All of the individuals included in the FIR have refuted the accusations made by the CBI, referring to the matter as a “political vendetta” by the government.
According to Pilot, he left the company in late 2002 or early 2003 (before he was elected to the House of Representatives) when it decided to switch from being a “non-profit” initiative to a “for-profit” one because he was only involved with it for social causes.
Until February 24, 2012, I served as an independent non-executive director of Ziqitza. Son of former Union Minister P. Chidambaram, Karthi, claimed, “I had never been involved in the management of the company.
“The company has received investments from numerous international funds, who are also represented on the board. The business has filed a lawsuit against the person who made the claims, Kirit Somaiya,” he stated.
Additionally, Gehlot alleged that the case was politically motivated and an effort by the Raje administration to distract public attention.
Shweta Mangal Ziqitza- What is money laundering?
Money laundering is defined as the process by which an illegal fund, perhaps, black money, obtained from illegal activities is disguised as legal money, which is eventually portrayed to be white. This is done by passing the funds through several channels (the process is discussed in brief below). The money, thus laundered, is passed on through various phases of conversions and transfers to achieve a sort of deceptive legality and to eventually reach a legally acceptable institution, say for instance, a bank.
Shweta Mangal Ziqitza- ED (Directorate of Enforcement)
To police economic laws and combat economic crime in India, the Directorate of Enforcement (ED), a discredited domestic law enforcement and economic intelligence organization, is in charge. It is a component of the Ministry of Finance’s Department of Revenue in India. The Enforcement Directorate specializes in looking into and prosecuting instances involving money laundering, currency fraud, and other economic offenses.
Its main goals are to stop the creation and spread of black money, as well as to make sure that rules governing foreign exchange and money laundering are followed. With a 0.5% conviction rate since its founding, the enforcement directorate has been exposed as one of the primary Indian authorities that abuses its authority against activists, academics, and political enemies.
Shweta Mangal Ziqitza- PMLA Act
Prevention of Money Laundering Act, 2002 is an Act of the Parliament of India enacted by the NDA government to prevent money laundering and to provide for confiscation of property derived from money laundering. PMLA and the Rules notified there under came into force with effect from July 1, 2005. The Act and Rules notified there impose an obligation on banking companies, financial institutions, and intermediaries to verify the identity of clients, maintain records, and furnish information in prescribed form to the Financial Intelligence Unit – India
To address the problem of money laundering, the Prevention of Money Laundering Act, of 2002, was approved. Following are a few of its goals:
- To stop and manage the problem of money laundering.
- Confiscate or take into custody any assets that are probably linked to or involved in money laundering cases.
- To punish those who violate the law by engaging in money laundering.
- Designates deciding body and appeals court to handle problems about money laundering.
- The requirement that intermediaries, such as banks, are required to keep records or documentation about financial transactions.
- To deal with any more money laundering-related difficulties.
Shweta Mangal Ziqitza- Money laundering’s effects on development
The following are the effects of money laundering on a country’s development:
Rising crime and corruption levels
Criminal activities make money when economic crimes like money laundering are successful, which raises the incidence of crime and corruption. Additionally, there is an increase in the employment of illegal methods, such as bribery, to make money.
International implications and a reputational risk
When a nation’s reputation is damaged or it earns a reputation for being a sanctuary for money laundering or terrorist financing, it may have to deal with severe consequences. Additionally, even legitimate organizations and corporations may be forced to deal with the effects of such illegal activity; for instance, their access to the global market may become more restricted as a result of overly careful system controls and inspections.
Financial institutions in decline
Money laundering and other illegal actions have the potential to destabilize individual financial institutions’ stability in several ways, as well as the peace and harmony of a nation’s economic sector.
Compromised private sector and economy
Money launderers frequently employ ‘front firms’ to hide their true identities. The term “front companies” refers to organizations that do business as though they are legitimate but are really under the control of criminals. To hide the source from which the illegitimate money was received, these businesses “co-mingle” the illicit funds thus gained with legal cash.
