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ED, Kozhikode has arrested Ismail Chakkarath on 26/11/2024 in connection with a money laundering case wherein business loan facilities availed in Qatar was illegally diverted to India

News Anti-Bribery & Corruption Sanctions & Fines
Date: 27th Nov, 2024 Source: Enforcement Directorate (ED) Country: India Original Source

Brief

"On "27/11/2024", the "Enforcement Directorate (ED)" issued an update regarding "ED, Kozhikode has arrested Ismail Chakkarath on 26/11/2024 in connection with a money laundering case wherein business loan facilities availed in Qatar was illegally diverted to India". The investigation revealed that the loan was diverted to India and invested in benami transactions, with properties acquired using these funds held in associate's names.

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Enforcement Directorate (ED)

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