• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

ED Attaches Immovable Assets Worth Rs 20.16 Cr In PMLA Case

OMMCOM NEWS by OMMCOM NEWS
March 21, 2023
in Nation

New Delhi:  The Enforcement Directorate (ED) said on Monday that it has attached immovable properties worth Rs 20.16 crore of Injaz International represented by its partners Misbahuddin S. and Suhail Ahmed Shariff in connection with a PMLA case.

The ED said that the accused acquired proceeds of crime and layered the same in the form of various immovable properties.

The ED initiated a PMLA probe on the basis of an FIR registered by the police against Injaz International and its associated group under various sections of the Prize Chits and Money Circulation Schemes (Banning) Act, Indian Penal Code and Chit Funds Act.

The proceeds of crime, in this case, is Rs 80.99 crore.

The investigation by the ED revealed that Injaz International and its partners with a fraudulent intention collected funds from a large number of investors during 2015 to 2017 by projecting unrealistic returns against their investments and later duped them of such investments and never returned the hard-earned invested money of the common people.

“There was a huge diversion of funds from the bank account of Injaz International and these funds were subsequently transferred into bank accounts of partner entities for layering the proceeds of crime and were being projected as untainted properties. The immovable properties thus identified include residential flats, residential land and non-agricultural land parcels,” the ED said.

(IANS)

Tags: Enforcement Directorate
ShareTweetSendSharePinShareSend
Previous Post

Nikki Yadav Murder: Delhi Court Pulls Up Police For Not Producing Case Diary

Next Post

Guterres Asking G20 For Pact To Hold Down Global Warming; UN Experts Warn Of Food Crisis For India

Related Posts

Nation

Priyanka Gandhi, CM Vijayan To Soon Head To Nilambur To Campaign

June 5, 2025
Nation

Punjab Police Bust Two International Narco-Trafficking Cartels, Six Held

June 5, 2025
Directorate of Enforcement
Nation

ED Raids Kerala-Based Pyramid Scam Accused, Seizes Assets Worth Rs 2.35 Crore

June 5, 2025
Nation

Chinnaswamy Stampede: K’taka CM Siddaramaiah Announces Suspension Of Bengaluru Police Commissioner

June 5, 2025
Dead body.
Nation

Woman’s Body Found Stuffed In Travel Bag In Hyderabad Identified

June 5, 2025
Nation

Indian Delegation Calls On US Vice President Vance, Has ‘Excellent Meeting’

June 5, 2025
Next Post

Guterres Asking G20 For Pact To Hold Down Global Warming; UN Experts Warn Of Food Crisis For India

Schoolkid's Kidnapping And Murder: Villagers Accused Bihta SHO Of Negligence

Ministry Should Seek Full-Time Managing Director In All Metro Corporations, Recommends Parl Panel

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.