India News | ED Conducts Multi-city Raids in Money Laundering Case
Get latest articles and stories on India at LatestLY. The Enforcement Directorate (ED) on Wednesday conducted search operations in various cities, including Mumbai, Bengaluru, Jalandhar, Indore and Kolkata, in connection with its probe into alleged money laundering in a firm.
Kolkata, May 21 (PTI) The Enforcement Directorate (ED) on Wednesday conducted search operations in various cities, including Mumbai, Bengaluru, Jalandhar, Indore and Kolkata, in connection with its probe into alleged money laundering in a firm.
The searches were carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the agency said in a social media post.
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During the search operations, the ED seized foreign currencies, including US Dollars, Singapore Dollars and Dirhams, amounting to around Rs 6.43 lakh, gold bullion worth Rs 55.74 lakh, and froze bank accounts with a total balance of around Rs 94 lakh, it said.
Property documents, several digital devices, and various incriminating documents were also seized, the agency added.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)