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ED freezes 182 bank accounts, seizes ₹1 crore in chit fund scam probe

The Enforcement Directorate (ED) has frozen 182 bank accounts and seized more than Rs 1 crore in cash and six high-end cars during a raid in connection with Rs 2,000 crore multi-state chit fund scam, officials said on Tuesday. In a post on X, the ED said its Bhubaneswar Zonal Office has conducted search operations under the Prevention of Money Laundering Act, 2002 (PMLA) on August 5 at five premises linked with Wellfare Buildings and Estates Pvt Ltd (WBEPL) and its directors at Visakhapatnam an…

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Business StandardCenter·1h ago
ED freezes 182 bank accounts, seizes ₹1 crore in chit fund scam probe
The Enforcement Directorate (ED) has frozen 182 bank accounts and seized more than Rs 1 crore in cash and six high-end cars during a raid in connection with Rs 2,000 crore multi-state chit fund scam, officials said on Tuesday. In a post on X, the ED said its Bhubaneswar Zonal Office has conducted search operations under the Prevention of Money Laundering Act, 2002 (PMLA) on August 5 at five premises linked with Wellfare Buildings and Estates Pvt Ltd (WBEPL) and its directors at Visakhapatnam an…
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ED freezes 182 bank accounts, seizes ₹1 crore in chit fund scam probe

How 1 sources are covering this

ED freezes 182 bank accounts, seizes ₹1 crore in chit fund scam probe

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