1 day ago
ED Seizes Rs 4.3 Crore in Punjab Public-Funds Probe
The Enforcement Directorate is investigating an alleged scheme involving public money.
It says about Rs 645 crore was taken from government-related accounts.
Investigators searched 14 places in Chandigarh, Mohali and Panchkula.
They seized Rs 4.30 crore in cash and froze about Rs 22 crore in bank balances.
The agency says money moved through accounts linked to jewellers and their businesses.
It alleges these transfers were made to look like ordinary business payments.
The investigation also involves government employees and a bank fraud case.
The ED says four people have been arrested and assets worth about Rs 211 crore have been attached, seized or frozen.
The investigation is continuing.
The Enforcement Directorate said it seized Rs 4.30 crore in cash and froze bank balances of about Rs 22 crore.
Searches were conducted at 14 premises across Chandigarh, Mohali and Panchkula as part of a money-laundering investigation.
The probe concerns the alleged embezzlement of Rs 645 crore from Haryana government, Chandigarh and other public accounts.
The ED alleges that funds were routed through jewellers and associated entities, then presented as legitimate business transactions.
The agency says it has arrested four people, frozen or attached assets worth about Rs 211 crore, and filed a prosecution complaint against 14 accused.
- Who
- The Enforcement Directorate is investigating jewellers, associated entities and other accused persons.
- What
- The agency seized Rs 4.30 crore in cash and froze bank balances worth about Rs 22 crore in a probe into alleged embezzlement and money laundering.
- Where
- Fourteen premises across Chandigarh, Mohali and Panchkula.
- When
- The ED said on Friday that it had seized the cash and frozen the balances; the article does not give the date of the searches.
- Why
- The searches are part of an investigation into alleged embezzlement of Rs 645 crore in public funds and the alleged laundering of those proceeds.
Key facts
- Alleged public-funds embezzlement
- Rs 645 crore
- Cash seized
- Rs 4.30 crore
- Bank balances frozen
- Around Rs 22 crore
- Search locations
- 14 premises across Chandigarh, Mohali and Panchkula
- Assets attached, seized or frozen
- Around Rs 211 crore
- Arrests reported by the ED
- Four accused persons
- Prosecution complaint
- Filed against 14 accused persons before the Special Court (PMLA), Panchkula
Sources
Related news
ED conducts fresh searches in IDFC Bank embezzlement probe
Enforcement Directorate Searches Attica Gold Premises Across Four Cities
ED Attaches Rs 13.44 Crore Assets in Club Fraud Case
ED Probes ₹958.66 Crore Transactions Linked To Pune Fintech
ED arrests two in Rs 40 crore Hashpe fraud case
ED Raids Mumbai, Chhatrapati Sambhajinagar in ₹135-Crore Fraud Case
India Finishes Fourth at Asian Games, Wins 21 Golds
Haryana Studies Singapore Facilities for Gurugram Convention Centre
Haryana Chief Minister Saini Visits Singapore to Attract Investment
Haryana Investment Fraud Probe Seizes Luxury Cars, Tracks Dubai Links
Haryana CM Says Modi’s Guidance Will Be Put Into Practice
