Limou­sine chit­fund case: ED at­taches ` 91 cr in Sin­ga­pore bank ac­count

DNA Sunday (Mumbai) - - FRONT PAGE -

The En­force­ment Direc­torate ( ED) has at­tached over Rs91 crore kept in a Sin­ga­pore bank in con­nec­tion with a money laun­der­ing probe in a Mum­bai- based ponzi scam case.

The amount, which was at­tached un­der the pro­vi­sions of the Pre­ven­tion of Money Laun­der­ing Act ( PMLA), per­tains to the city limou­sine chit­fund case and a probe is un­der­way against the Chair­man of chit­fund, Sayed M Ma­sood, for float­ing il­le­gal ponzi schemes by promis­ing ex­tra­or­di­nary re­turns.

Of­fi­cials said the agency car­ried out the ac­tion with the help of their Sin­ga­porean counter-

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