Illegal Bangladeshi Infiltration
The ED on Tuesday has filed a Prosecution Complaint before the Special Court in Mohali against Charanjit Singh Bajaj and 4 others, including the company Pure Milk Products Private Limited, in a money laundering case linked to a bank fraud of ₹62.13 crore.
The Special Court acknowledged the complaint on October 30, 2024.
The ED’s investigation began following an FIR registered by the Central Bureau of Investigation, EOU-IV, New Delhi, under various sections of the Indian Penal Code and the Prevention of Corruption Act.
Officials revealed that the loan provided to Bajaj and his company was not used for its intended purpose.
Instead, Charanjit Singh Bajaj, the Managing Director of PMPPL, allegedly diverted the proceeds of crime through multiple shell companies. Reports indicate that ₹37.82 crore of the proceeds were moved to related entities through fraudulent means.
Earlier, the ED conducted searches at 11 locations, resulting in the recovery of ₹1.14 crore in cash and gold. Additionally, the agency had attached immovable properties valued at ₹24.94 crore in connection with the case.
Further details are awaited as the investigation continues.
The Supreme Court has upheld a decision by the Madras High Court granting a divorce…
The Delhi High Court has granted transit anticipatory bail to a lawyer whose brother is…
Former Supreme Court Justice Madan B Lokur has been recently named the chairperson of the…
The Karnataka High Court has recently directed the National Law School of India University (NLSIU)…
The Allahabad High Court has directed the Uttar Pradesh Vigilance Department to investigate the Himalayan…
The Allahabad High Court on Friday issued an order staying the arrest of Mohammed Zubair,…