money laundering

Former Punjab and Sind Bank Official’s Assets Attached for Allegedly Breaking Customer FDs

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Punjab And Sind Bank

Punjab And Sind Bank The Enforcement Directorate (ED) has taken action against a former Punjab and Sind Bank official who is accused of breaking customer fixed deposits (FDs) worth over ₹52 crore and using the funds for online gaming. In response to a case filed under the Prevention of Money Laundering Act (PMLA), the federal agency has attached the assets of the accused bank employee. According to the ED, Bedanshu …

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Two Individuals Arrested in Mahadev Online Betting and Gaming App Money Laundering Case

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Gaming App Money Laundering Case The ongoing investigation into the money laundering case involving the Mahadev online betting and gaming app has led to the arrest of two individuals by the Enforcement Directorate (ED). According to officials, Nitin Tibrewal from Kolkata and Amit Agrawal from Raipur were taken into custody on January 13. Both Tibrewal and Agrawal are facing charges under various sections of the Prevention of Money Laundering Act …

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Rana Kapoor, the CEO of Yes Bank, has been granted bail in the PMLA case.

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Rana Kapoor, the CEO of Yes Bank, has been granted bail in the PMLA case. In a significant development, Yes Bank’s former chief, Rana Kapoor, has been granted bail in a Prevention of Money Laundering Act (PMLA) case. Kapoor, who was arrested in March 2020 by the Enforcement Directorate (ED), has been in judicial custody for over a year. The decision to grant him bail comes as a relief for …

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