ADD ANI AS A TRUSTED SOURCE
googleads
Menu
General News

ED attaches properties worth Rs 16 cr of Rajkot-based firm in money laundering case

New Delhi [India], September 24 (ANI): Enforcement Directorate (ED) has provisionally attached immovable assets worth Rs 16 crore under the Prevention of Money Laundering Act (PMLA), 2002 in connection with a case against Mandeep Industries, Rajkot.

ANI Sep 24, 2022 17:20 IST googleads

Representative Image

New Delhi [India], September 24 (ANI): Enforcement Directorate (ED) has provisionally attached immovable assets worth Rs 16 crore under the Prevention of Money Laundering Act (PMLA), 2002 in connection with a case against Mandeep Industries, Rajkot.
According to ED, Mandeep Industries is a partnership concern of Ashish B Talaviya, Kishorbhai Haribhai Vaishnani, Ramjibhai H Gajera, Kalpesh P Talaviya and Bhavesh Talaviya. These assets include immovable properties in the form of plant and machinery, factory land and building, residential flats and plots worth Rs 16 crore located in Rajkot, Gujarat.
ED initiated a money laundering investigation on the basis of the FIR registered by the Central Bureau of Investigation (CBI), Mumbai. During the course of investigations under PMLA, it was revealed that Mandeep Industries has defaulted in repaying the loans to Union Bank of India in a fraudulent manner, which caused an undue loss to the tune of Rs 44.64 crore to the bank, the agency said in a statement released here.
Accordingly, ED conducted an investigation which revealed that the said company was availing various loan facilities from Union Bank of India and diverted the funds to various fictitious entities, and also to the personal accounts of the partners of the firm. Part of the diverted funds was also used for the purchase of immovable properties, the agency added. (ANI)

Get the App

What to Read Next

General News

ED attaches 31 immovable properties worth Rs 581.65 crore in...

ED attaches 31 immovable properties worth Rs 581.65 crore in...

The attached properties are in the form of land parcels situated in Goa, Kerala, Karnataka, Punjab, Tamil Nadu, Uttar Pradesh, Haryana, Jharkhand, Maharashtra, Delhi, West Bengal, Andhra Pradesh, and Rajasthan.

Read More
Politics

Gujarat CM Bhupendra Patel distributes 40 EV cars to ITIs

Gujarat CM Bhupendra Patel distributes 40 EV cars to ITIs

Gujarat chief minister Bhupendra Patel on Thursday distributed 40 electric cars to Industrial Training Institutes (ITIs) across the state in Gandhinagar to facilitate practical training in electric vehicle technology for trainees in the Motor Mechanic trade. During the event, the Chief Minister also inaugurated 50 Dhanvantari Arogya Rath and six Mobile Medical Vans to provide doorstep primary healthcare services to construction workers and labourers.

Read More
General News

ED challenges interim bail granted to Jawad Ahmed Siddique

ED challenges interim bail granted to Jawad Ahmed Siddique

ED has challenged the interim bail granted to Jawad Ahmed Siddique in a money laundering case. He was granted interim bail by the Saket court on the grounds of his wife's medical condition.

Read More
General News

Ahmedabad Junction’s ₹20 AC waiting hall sees massive response

Ahmedabad Junction’s ₹20 AC waiting hall sees massive response

At Ahmedabad Junction railway station, popularly known as Kalupur Station, a newly introduced affordable AC waiting hall is quickly becoming a favourite among passengers.

Read More
General News

TMC's jibe at Centre amid LPG crisis due to West Asia conflict

TMC's jibe at Centre amid LPG crisis due to West Asia conflict

In an 'X' post, TMC said the government has "ek hi naara, line mein rahe desh bechara," pointing to past governmental measures including demonetisation, the COVID-19 vaccine rollout, the Special Identification Registration (SIR), and now the LPG shortage. The party described demonetisation as a "Tughlaqi farman" that forced ordinary citizens to wait in serpentine queues outside banks and ATMs for days to access their own money. The post also highlighted the 2020 COVID-19 oxygen crisis, when families stood in long lines outside hospitals and suppliers as the public health system collapsed.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.