February 21, 2022
1 min read

ED conducts raids at Indiabulls Housing in Delhi, Mumbai

The Delhi High Court had issued an order barring the ED from taking coercive action against the company….reports Asian Lite News

The Enforcement Directorate (ED) on Monday conducted raids at the offices of India Bulls Finance Centre in Mumbai and Delhi in connection with a Prevention of Money Laundering case lodged against the company and its promoter Sameer Gehlaut in April 2021.

The ED had earlier recorded the statement of a Pune based businessman who deals in real estate, in this connection.

The ED officials held a meeting on Sunday to plan Monday’s raid. Separate teams were formed to recover a few incriminating documents.

Earlier, a case was lodged against the company and its promoter at Palghar, Maharashtra. It had been alleged in the FIR that the real estate company first took loan from India Bulls and invested in India Bulls housing shares. The company had increased the share value and the money were later siphoned off to other entities.

The Delhi High Court had issued an order barring the ED from taking coercive action against the company.

Further details are awaited.

ALSO READ: CBI quizzes former CEO of NSE before Chitra

Previous Story

Suisse Secrets cast light on int’l money laundering

Next Story

‘Time To Create A Safety Net’

Latest from Crime

Ex-SEBI chief cleared by Lokpal

The anti-corruption ombudsman ruled that the complaints lacked credible evidence and were based largely on assumptions, speculation, and unverifiable claims. The Lokpal of India has dismissed all complaints against former Securities and

Activists Targeted Again in Balochistan

The Baloch Yakjehti Committee (BYC) on Tuesday condemned the enforced disappearance of Baloch leader Ghani Baloch, blaming Pakistan’s Law Enforcement Agencies and Frontier Corps….reports Asian Lite News The Baloch Yakjehti Committee (BYC),

Balochistan: School Bus Targeted in Deadly Blast

The attack, suspected to be a planted Improvised Explosive Device (IED) blast, targetted an APS bus carrying dozens of school children…reports Asian Lite News Five people — three children and two adults

Baloch Rights Body Condemns Pashtun Genocide

The BYC urged that all oppressed nations must unite and struggle against state oppression and barbarity…reports Asian Lite News The Baloch Yakjehti Committee (BYC), a prominent human rights organisation in Balochistan, on

Deadly Unrest Grips Balochistan

The banned terror outfit, Tehreek-e-Taliban Pakistan (TTP) claimed responsibility for the attack on the FC Fort …reports Asian Lite News A car bomb explosion in Gulistan Area of Qila Abdullah, a border
Go toTop

Don't Miss

ED quizzes Aishwarya Rai for over 5 hours

The ED had lodged a case under FEMA after the