STOCK MARKET BSE NSE

ED raids at 12 locations in Chhattisgarh, Madhya Pradesh in IL&FS case

The official said that the defaulter company received amount to the tune of Rs 111.29 crore in its bank account.

Published: 11th December 2019 01:39 PM  |   Last Updated: 11th December 2019 01:39 PM   |  A+A-

Raids

For representational purposes

By IANS

BHOPAL: Tightening its noose in the IL&FS (Infrastructure Leasing and Financial Services) case, the Enforcement Directorate (ED) on Wednesday carried out searches at over 12 locations in Madhya Pradesh and Chhattisgarh.

A senior ED official said that the central financial probe agency was carrying out searches at 12 locations in Madhya Pradesh and Chhattisgarh on the premises linked to the defaulter company.

The official said that the defaulter company received amount to the tune of Rs 111.29 crore in its bank account.

The official, however, refused to share the names of the people whose premises were raided.

The ED had registered a case of money laundering under various sections of the Prevention of Money Laundering Act on the basis of a case filed by the Delhi Police's Economic Offence Wing (EOW) in February this year.

The Delhi Police had filed a case under several sections of the Indian Penal Code for criminal conspiracy and forgery on the complaint of Ashish Begwani, Director of New Delhi-based Enso Infrastructures.


Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

IPL_2020
flipboard facebook twitter whatsapp