New Delhi, May 8 -- The Enforcement Directorate (ED), Panaji Zonal Office on Friday said that they recently conducted search operations at six premises in connection with a bank fraud case involving Crown Mineral Trading Corporation (CMTC) and its partners.
During the search operations, cash amounting to Rs. 67.50 Lakh, incriminating documents including property sale deeds, and digital devices were seized.
The ED initiated PMLA action on the basis of FIR registered by CBI (ACB), Goa, against the partners of CMTC and others.
The FIR was registered pursuant to a complaint filed by Canara Bank alleging that the partners of CMTC, a firm purportedly engaged in trading of raw iron ore, fraudulently obtained a credit facility of Rs. 7.00 Crore ...