Admin Reporter- POOJA1

Nov 21 2020


ED raids multiple locations in Kashmir in J&K Bank money laundering case

Saturday, 21 November 2020

The Enforcement Directorate on Saturday conducted multiple raids in Kashmir in connection with a money laundering probe linked to alleged suspicious transactions in the J&K Bank.The central probe agency covered a total of seven locations-- six in Srinagar and one in Anantnag district-- as part of the searches conducted under the Prevention of Money Laundering Act (PMLA).

 

 

 


The ED said it raided Mohd Ibrahim Dar, Murtaza Enterprises, Azad Agro Traders, M & M Cottage Industries and Mohd Sultan Teli who are "involved" in the hospitality and agro-based industries, civil construction and real estate businesses."The searches resulted in the recovery of evidence of money laundering as the bank accounts have been found to be used for routing suspicious transactions," it said.

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