June 14, 2019 5:23 PM

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ED files money laundering case in alleged Karnataka ponzi scheme

<span style="color: #222222;">The Enforcement Directorate has filed a case of money laundering in an alleged ponzi scheme in Karnataka, involving the IMA Jewels. </span><br />'' <br />'' <span style="color: #222222;">The agency's zonal office in Bangalore has filed the case and has pressed criminal charges under the Prevention of Money Laundering Act. </span><br />'' <br />'' <span style="color: #222222;">An official said, the ED has taken cognizance of the complaint registered by the Karnataka police and the subsequent creation of a special investigation team to probe the alleged fraud. </span><br />'' <br />'' <span style="color: #222222;">It said, the agency is now gathering documents in the case and will soon summon few people. <br />'' <br />''<br />''As many as 26 thousand complaints have been filed by the investors with the police against the IMA jewels' store.</span>

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