New Delhi, June 16 (ANI): The Enforcement Directorate (ED) on Tuesday carried out searches at 11 premises across Delhi, Haryana and Goa in connection with an alleged money laundering case involving a wrongful loss of approximately Rs 155.21 crore to Oriental Bank of Commerce and a consortium of banks, officials said.
The ED’s Chandigarh Zonal Office launched the search operation at premises allegedly linked to Ashok Mittal, Sourabh Dhingra, Bharat Bhushan Mittal, Raman Singhal and others in Haryana’s Karnal, Delhi and Goa in connection with an investigation into Mahesh Timber Pvt. Ltd.
The case is based on a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI) against Mahesh Timber Pvt. Ltd., its directors and others for alleged offenses under the Indian Penal Code and the Prevention of Corruption Act.
According to the ED, the accused fraudulently enhanced Foreign Letters of Credit through alleged unauthorized SWIFT amendments without corresponding entries in Finacle, causing an alleged wrongful loss of approximately Rs 155.21 crore to Oriental Bank of Commerce and consortium banks.
Officials said the raids had been underway since early Tuesday in close coordination with local police, based on inputs against the individuals accused in the case. (ANI)
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