ED raids 19 locations in UT, Mohali, Gurugram
India, March 11 -- The enforcement directorate registered a money laundering case and conducted searches at 19 locations on Wednesday in connection with alleged embezzlement of Rs.590 crore from the Haryana government's accounts maintained with IDFC First Bank in Chandigarh, official sources said.
The federal probe agency conducted searches at 19 premises in Chandigarh, Gurugram and Mohali against various business entities which helped the accused persons get accommodation (hawala) entries to conceal the money trail and proceeds of crime, they said.
The raids were undertaken after the ED booked a case under the Prevention of Money Laundering Act (PMLA) taking cognisance of a Haryana SV & ACB FIR. Primary investigation by the ED has revealed that big amounts of money have been transferred to the various shell companies and minor jewellery entities.
Chandigarh-based hotelier, Vikram Wadhwa, an accused in the case is absconding....
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