money laundering

According to sources, the ED is conducting searches on premises belonging to promoters of security providers, Tops Group, and related members including some politicians.

ED initiated investigation under PMLA after CID, CIK Srinagar registered FIR against Bank officials of J & K Bank, unidentified public servants & private persons and others for suspicious transactions in various bank accounts.

Last month, the ED had arrested key accused Sai Chandrasekhar in an economic offence case involving ₹750 crore. The special money laundering court had also given seven-day custody to the investigative agency.

Investigation conducted by ED revealed tha Iqbal Mirchi, in connivance with Mohamed Yusuf Trust, misrepresented about the ownership of these buildings before the Competent Authority (SAFEMA/NDPS Act).

Money laundering probe was conducted on basis of FIR lodged against G.C Kishor Kumar, General Manager, KSHDCL and others for siphoning off the funds of KSHDCL, a State Govt. of Karnataka undertaking.

Babulal Agrawal, a 1988-batch IAS officer, has served as a principal secretary in the Chhattisgarh government and was also arrested by the Central Bureau of Investigation (CBI) in the past on charges of corruption.

The Central agency produced the accused Sai Chandrasekhar before Saket district and sessions court and also got his remand for custodial interrogation.

Earlier, ED attached assets totalling to the tune of Rs 776 Crore including overseas assets of Rs 203 Crore. Now including this attachment, the total attachment in this case is ₹ 798 Crore (Approx).

Bihar Police investigation had revealed that deceased persons had consumed country liquor which was doubted to be spurious and manufactured/sold by Sanjay Pratap Singh and his associates.

The Central Bureau of Investigation (CBI) had registered a case against Chennai-based SLO Industries & Aran Steels Pvt Ltd on charges of causing a loss of about Rs 201 crores to Corporation Bank.