ED attaches assets worth Rs 2.30 cr under PMLA - Viral Khabra

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Thursday, March 17, 2022

ED attaches assets worth Rs 2.30 cr under PMLA



New Delhi: The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth Rs 2.30 crore under the Prevention of Money Laundering Act (PMLA) in a fraud case involving cheating the Institute of Engineers (India).

The ED initiated money laundering investigation on the basis of an FIR dated November 2, 2020 registered by Kolkata Police under various sections of the Indian Penal Code (IPC) against bank manager Samrat Paul and others for cheating the Institution of Engineers India.Paul, the then Bank Manager of Allahabad Bank, Bowbazar Branch and others who had allegedly cheated the Institute by getting funds over Rs 35 crore, transferred from the account of the Institution in the name of creating fixed deposits and then submitting fake/forged Fixed Deposit Receipts.


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