GRI

ED, Ahmedabad had conducted search operations on 29/11/2024 at 19 locations located in Gujarat in multiple cases related to misappropriation of govt. funds in Post Offices in Gujarat under the provisions of PMLA, 2002. During the search operations, amount to the tune of Rs. 1 Crore (approx.) and details of various immovable properties exceeding Rs. 1.5 Crore were recovered and seized

News Anti-Bribery & Corruption Sanctions & Fines
Date: 1st Dec, 2024 Source: Enforcement Directorate (ED) Country: India Original Source

Brief

On "01/12/2024", the "Enforcement Directorate (ED)" issued an update regarding "ED, Ahmedabad had conducted search operations on 29/11/2024 at 19 locations located in Gujarat in multiple cases related to misappropriation of govt. funds in Post Offices in Gujarat under the provisions of PMLA, 2002. During the search operations, amount to the tune of Rs. 1 Crore (approx.) and details of various immovable properties exceeding Rs. 1.5 Crore were recovered and seized. The actions are a result of investigations by ED on FIRs registered by ACB and CBI, with one case involving misappropriation of Rs. 18.60 Crore through fraudulent closure of Recurring Deposits accounts.

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Enforcement Directorate (ED)

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