Ed arrested Sudhanshu Dwivedi in money laundering case of Rs 96.68 Crore

Mumbai, June 3 (IANS). The Mumbai Zonal Office of the Directorate for Enforcement arrested Sudhanshu Dwivedi under the Prevention of Money Laundry Act, 2002 (PMLA Act). His arrest is part of the continued investigation into a large -scale case for financial fraud. After being arrested, Dwivedi was produced in a special court of PMLA in Mumbai, where the court not only approved the arrest of Sudhanshu Dwedi, but also postponed the ED to June 9. During the detention, investigators will investigate their role in the fraud case of Rs 96.68 crore and highlight the network of financial transactions used to obtain investment funds. The authorities continue to check the limit of its operations, which aim to recover the wrongly used properties and make all responsible aspects liable. The investigation was launched by Mumbai police on the basis of a fir registered against Dwivedi and other persons citing various divisions of the Indian Justice 2023 and the Arms Act, 1959. Officials claim that Dwivedi investors involved in the commodity trading scheme by promising heavy returns. To win the confidence of investors, he initially provided food grains and other items and won the confidence of investors. Over time, however, he stopped delivery and deduced the funds to his advantage. Investigators have exposed a financial network in which the wrong money raised was transported to its family -controlled institutions, which confuses the validity. According to reports, the fraud amount composed by Dwededi was about Rs 96.68 crore. To hide these illegal benefits, he laid a complicated net of the transaction, in which money was sent by various firms to keep them away from their illegal sources. The maintenance directorate performed a search operation at 27 with regard to the case, which led to several moving properties seized and frozen. During this time, offensive documents and digital records were also collected. -Ians PSK/Ekd Share this Story Tags