Probe Company Raids More than one Places In Kashmir In Cash Laundering Case
ED officers are recording the commentary of the folks coated within the searches. (Document)
New Delhi:
The Enforcement Directorate on Saturday performed more than one raids in Kashmir in reference to a cash laundering probe connected to alleged suspicious transactions within the J&Okay Financial institution.
The central probe company coated a complete of 7 locations– six in Srinagar and one in Anantnag district– as a part of the searches performed underneath the Prevention of Cash Laundering Act (PMLA).
The ED mentioned it raided Mohd Ibrahim Dar, Murtaza Enterprises, Azad Agro Buyers, M & M Cottage Industries and Mohd Sultan Teli who’re “concerned” within the hospitality and agro-based industries, civil development and actual property companies.
“The searches resulted within the restoration of proof of cash laundering because the financial institution accounts were discovered for use for routing suspicious transactions,” it mentioned.
The ED is probing the case after finding out an previous FIR filed through the CID of the UT Police in Srinagar towards officers of J&Okay Financial institution, unidentified public servants, non-public individuals and others for suspicious transactions in quite a lot of financial institution accounts.
The CID FIR, the ED mentioned, alleges that financial institution accounts have been used for routing cash of public servants in addition to some non-public events. Sure financial institution officers, in connivance with those public servants, intentionally unnoticed to lift the signals as required underneath anti-money laundering norms, the ED mentioned quoting the CID FIR.
The central probe company mentioned its probe “thus far has published that the transactions in lots of of those financial institution accounts maintained with J&Okay Financial institution weren’t authentic and those accounts have been utilised for the aim of laundering.”
ED officers are recording the commentary of the folks coated within the searches “to get to the bottom of the supply of large credit and debits of their accounts”.
“Recovered incriminating paperwork and cushy knowledge also are being analysed,” it mentioned.
(Apart from for the headline, this tale has no longer been edited through TTN workforce and is printed from a syndicated feed.)
