Harish Jagtani

Quick summary on Harish Jagtani

Harish Jagtani, an Indian-born businessman who has made a name for himself in the Democratic Republic of Congo (DRC), is at the center of a massive embezzlement and corruption scandal. Once hailed as a philanthropist and visionary, Jagtani’s rise to prominence in Africa has come with questionable practices, including ties to former DRC president Joseph Kabila’s regime.

Harish Jagtani Arrested: Black Money and Corruption

Jagtani’s arrest by India’s Income Tax Department marked a significant turning point in his career. Under investigation for the illegal investment of black money in a major real estate project in Jaipur, Jagtani was detained in Delhi with a delegation from Congo. It was revealed that he had invested large sums of illicit funds into the builder’s group, leading to raids and scrutiny of his financial dealings.

Crores of Rupees Found in Jagtani’s Car: A Shocking Discovery

The discovery of nearly 4 crore rupees in cash in Jagtani’s car during a routine check raised suspicions of a larger-scale hawala scam. The Rajasthan Police and Income Tax Department are now collaborating on the investigation to uncover the full extent of Jagtani’s involvement in money laundering and illicit financial transfers.

The Alleged Hawala Scam and its Unraveling

Jagtani’s ties to a suspected hawala network have deepened, especially following the discovery of crores of rupees at Delhi Airport. The investigation has now expanded to uncover his potential role in financing illegal activities through questionable financial transfers, including those tied to the former DRC president’s election funds.

Corrupt Practices in Africa: The Real Estate and Air Freight Deals

As a successful businessman in DRC, Jagtani owns multiple companies, including real estate firms and air freight companies. However, his wealth and business ventures have been linked to corrupt activities. Investigations suggest that Jagtani’s companies benefited from public funds meant for elections in DRC, with millions transferred to his businesses without proper documentation or contracts.

Sunita Neha Jagtani – The Wife and Alleged Co-Conspirator

Jagtani’s wife, Sunita Neha Jagtani, is believed to have played a role in these activities, with sources claiming close connections between the couple and Joseph Kabila’s family. The Jagtanis reportedly shared a special relationship with Kabila, as evidenced by their personal connections and lavish celebrations together.

Loans and Financial Malpractices: A Web of Deceit

Jagtani’s companies, including Modern Construction and Services Air, received millions in loans from BGFI, a bank with ties to Kabila’s family. Allegedly, much of this money was used for questionable purposes, including transferring large sums between accounts with no clear justification. A significant portion of the funds was supposedly used for electoral purposes in DRC, despite lacking proper contracts or documentation.

The investigation into Harish Jagtani’s business dealings continues to unfold, with widespread implications for the African business community and global financial institutions. His alleged role in embezzlement, hawala scams, and corruption in Africa paints a dark picture of the lengths to which some individuals will go to amass wealth.