New Delhi: Marginalized in politics for being accused in money laundering case, former Samajwadi Party leader and Rajya Sabha Parliamentarian Amar Singh may soon be relieved of the charges. No evidence has been found in the investigation by the Enforcement Directorate (ED) against him.

Amar Singh is accused of converting Rs 400 crore of illegal money into legal during his tenure as the Uttar Pradesh Development Council (UPDC) Chairman in the previous Samajwadi Party regime.

It is alleged that being the Chairman of the UPDC, Amar Singh invested the illegal income of Rs 400 crore in different companies which were merged with the firms owned by him and his wife.

After the order of the High Court, the ED had started investigations after filing a case against him and his wife in June, 2011 under the Prevention of Money Laundering Act, 2002.A senior ED official said, “During the investigations, it was discovered that the 58 companies were merged to the firms owned by Amar Singh and his wife. No investments were made in these companies during the tenure of Amar Singh as the UPDC Chairman. Therefore, it is obvious that the allegations have lost relevance amid the discovery.”

The ED, however, has yet not announced the decision of shutting the case. A senior official said that he will soon submit a report to the Allahabad High Court in this regard and only after receiving the orders of the High Court, the case will be closed.