ED seizes ₹3 crore in 18 searches; Jarkiholi denies wrongdoing
20 Articles
20 Articles
ED seizes ₹3 crore in 18 searches; Jarkiholi denies wrongdoing
State PWD minister Satish Jarkiholi said on Thursday that cash seized by the Enforcement Directorate (ED) belonged to his family and that he would produce records to explain its source, as searches spanning nearly 37 hours at 18 properties linked to him and his associates ended
ED raids Maharashtra firm in Rs 135 crore bank fraud; Rs 35 crore frozen, BMW seized
The Enforcement Directorate searched six premises linked to Gajanan Gangamai Industries LLP in a Rs 135 crore bank fraud case. The action led to a USD 3.7 million deposit being frozen and points to alleged routing of loan funds through shell entities.
The ED alleged that the loan facilities were obtained and continued through fake and fictitious warehouse receipts, false information about stock availability and suppression or deletion of records.
Bank fraud case: ED attaches Rs 150 crore worth property near Buckingham Palace in London
The Enforcement Directorate has attached a Rs 150 crore property near Buckingham Palace in London. This action is part of a bank loan fraud and money laundering case involving textile major S Kumars Nationwide Ltd and its ex-CMD Nitin Kasliwal. Kasliwal is accused of defrauding Indian banks of Rs 1,400 crore and diverting funds abroad.
‘I have told CM’: Satish Jarkiholi claims to know who filed complaint behind ED raid
Karnataka BJP chief Vijayendra Yediyurappa alleges Congress infighting may be behind the ED action against minister Satish Jarkiholi, who says he knows who complained to the agency. Jarkiholi has also promised to cooperate with investigators if called for questioning.
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