Canindia News

ED conducts raids in Goa for money laundering

Panaji, Jan 3 (IANS) Teams of the Enforcement Directorate (ED) on Friday carried out searches at several places in Goa in their probe into a money laundering case involving shell companies duping foreign investors.

A senior ED official said the agency was carrying out searches in south and north Goa, including residential premises of Amit Kumar, for duping foreign as well Indian investors in real estate in the state.

According to ED officials, the financial probe agency has got the tip-off on 67 shell companies registered by the accused.

An ED official said the accused made foreign nationals as directors of the shell companies in lieu of getting them properties in the state and to receive the foreign funds from them and after that the directorship of the company was changed.

The official said the agency is also probing if there was a link in foreign direct investment receipts through illegal route as it has received complaints from over half-a-dozen people.

–IANS

aks/prs

YOU MAY ALSO BE INTERESTED IN

Vadra questioned for over 3 hours in money laundering case

CanIndia New Wire Service

Terror funding: NIA raids chief of LOC Traders Association, others

Juhi Chawla’s son donates 300 pounds from pocket money for Oz bushfire

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More