Ed has documents from Mari Red, cash transactions in many countries, including Delhi in financial fraud case

Ranchi, September 19 (IANS). The Ranchi Zonal Office of the Enforcement Directorate (ED) has attacked the provisions of the Money Laundry Prevention Act (PMLA), 2002, under the provisions of Delhi, Noida, Ghaziabad, Vaishali (Bihar) and various campuses in Dehradun. The search operation was performed in connection with the large -scale fraud done by Maxion Touch Private Limited and his directors, Chandra Bhushan Singh and Priyanka Singh. Police officers from Jharkhand, Bihar, Uttar Pradesh, Rajasthan and Karnataka filed a fir against the company and its directors for cheating on the public. On this basis, the ED began to investigate. The ED investigation revealed that the accused had launched a fraudulent multi-level marketing (MLM) scheme, in which the general public was drawn up by promising high monthly returns and attractive reference benefits. Through this functioning, he collected unauthorized deposit of more than Rs 521 crore in at least 21 bank accounts, which earned a large amount of crime revenue (POC). It was also learned that the accused directors, Chandra Bhushan Singh and Priyanka Singh later escaped with government money. For the past three years, they have avoided law enforcement agencies, including Jharkhand, Rajasthan and Assam Police. The investigation shows that the accused has recommended illegal money by providing several immovable properties through Benami transactions and converting deposits into cash. To hide his identity and avoid arrest, the accused was found with false identity cards called ‘Deepak Singh’ and changed their hiding places again and again. During the search operation, the ED recovered and seized a large amount of offensive evidence. Important seizures include handwritten notes and diaries that provide details of false identity cards, important financial transactions and cash transactions, details of colleagues, control books of different institutions, digital evidence in the form of laptops and cell phones and documents and agreements related to a large number of immovable properties. Such evidence was also found to show that the accused had similar fraud schemes. -Ians DKP/ Share these Story Tags