Prem prakash baid - Latest News Update, Information, Photos & Videos on Prem prakash baid at Lokmat Times

The Enforcement Directorate on Thursday, has filed a Prosecution Complaint under Prevention of Money Laundering Act (PMLA), 2002 in the case of Pushpesh Kumar Baid and Ors before the Special Judge (PMLA), Kolkata.The Court has taken cognizance in the above matter.ED initiated a money-laundering investigation on the basis of 8 FIRs registered by CBI, Kolkata against Pushpesh Kumar Baid, Dharmesh Kumar Baid, Prem Prakash Baid, Kokila Devi Baid and companies floated by them and bank officials under various sections of IPC and 13(2) read with 13(1) d of PC Act. They all are family members.The investigation by ED revealed that the accused floated more than 150 companies and took loans from the banks by submitting forged and fabricated documents and thereafter siphoned off the loan amount by using those companies.The proceeds of crime in this case is Rs 182.78 Crore. ED has attached immovable properties of Baid family worth Rs 23 crore (approximately) which has been confirmed by the Adjudicating Authority on 22/12/2021 and subsequently filed prosecution complaint before the Learned Special PMLA court at Kolkata.Further investigation is in progress.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Prem Prakash Baid, NewsFOLLOW

Prem prakash baid, Latest News

National :ED files case under PMLA in money-laundering case

The Enforcement Directorate on Thursday, has filed a Prosecution Complaint under Prevention of Money Laundering Act (PMLA), 2002 in the case of Pushpesh Kumar Baid and Ors before the Special Judge (PMLA), Kolkata. ...