NEW DELHI - Vivek Doval, son of National Security Advisor Ajit Doval has been accused of running a secret hedge fund in offshore island.
As per Indian media report he has filed a criminal defamation suit against news magazine The Caravan, author Kaushal Shroff and senior Congress leader Jairam Ramesh in New Delhi's Patiala House court on Monday.
The complaint has been filed over the publication of an alleged defamatory article link, which claimed that Vivek Doval was running a hedge fund in the Cayman Islands, DNA has reported.
The report in the magazine had titled the article ‘The D-Companies’, which is usually associated with the network of underworld don Dawood Ibrahim. Ironically, NSA Doval is considered one of the people who has inflicted the most damage to Ibrahim's network in his various roles in India's security establishment.
The Cayman Islands is known as a tax haven. According to a report published in The Caravan, the hedge fund was registered just 13 days after demonetisation announcement by Prime Minister Narendra Modi on November 8, 2016.
The article alleged that Vivek formed a company named GNY Asia with the motive of sending and receiving money from abroad.
The report also said that the fund was linked to the business of Ajit Doval’s elder son Shaurya Doval. Shaurya, a leader of the Bharatiya Janata Party (BJP), heads the think tank India Foundation.
After the report came out, Congress also accused Vivek Doval of being involved in Cayman Islands hedge funds. Congress leader Jairam Ramesh had alleged money laundering through his company.