2,000cr fraud: Coop so­ci­ety’s ex-of­fi­cial held

The Times of India (New Delhi edition) - - FRONT PAGE -

The for­mer man­ager of a Ma­ha­rash­tra-based co­op­er­a­tive so­ci­ety was ar­rested by the En­force­ment Direc­torate on Sun­day for al­leged cash de­posits of Rs 2,000 crore and laun­der­ing this money to banks in Hong Kong by lay­er­ing trans­ac­tions us­ing sev­eral shell com­pa­nies in In­dia and abroad. The ac­cused used fake im­port doc­u­ments in the guise of di­a­mond im­ports to carry out the laun­der­ing.

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