New Delhi, Sept. 17 -- The Enforcement Directorate (ED) announced today that it has filed a chargesheet with a special PMLA court in Bengaluru against Associate Lumbers Private Limited (ALPL) and 17 other accused. This action is part of a money laundering investigation linked to a bank fraud amounting to Rs. 122 crore.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on an FIR registered by the CBI's Anti-Corruption Branch (ACB) in Bengaluru. The FIR charged ALPL, its directors, and others under various sections of the IPC and the Prevention of Corruption (Amendment) Act.
The ED's investigation revealed that the company, represented by its directors Mohamed Farouk Suleman Darvesh, Manoharlal Sat...