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ED, Hyderabad has filed Prosecution Complaint (PC) before the Hon’ble Special Court (PMLA), Hyderabad against M/s MBS Jewellers Pvt. Ltd., M/s MBS Jewellers Pvt. Ltd., Sukesh Gupta, M/s Mussadilal Gems & Jewels (India) Pvt. Ltd., Anurag Gupta, Karri Ravi Prasad and Valluri Mohan Rao under the provisions of PMLA, 2002

News Anti-Bribery & Corruption Sanctions & Fines
Date: 4th Mar, 2025 Source: Enforcement Directorate (ED) Country: India Original Source

Brief

"On 04/03/2025, the Enforcement Directorate (ED) issued an update regarding ED, Hyderabad has filed Prosecution Complaint (PC) before the Hon’ble Special Court (PMLA), Hyderabad against M/s MBS Jewellers Pvt. Ltd., M/s MBS Jewellers Pvt. Ltd., Sukesh Gupta, and others under the provisions of PMLA, 2002. The PC was taken cognizance by the Hon'ble Court on 01/03/2025. ED investigation revealed a scam involving defrauding MMTC Limited to the tune of Rs. 504.34 Crore."

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Enforcement Directorate (ED)

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