The Enforcement Directorate is probing foreign funding and transaction records of all the firms raided by the CBI in connection with the multi-crore 2G scam for possible money laundering and foreign exchange law violations.CBI sources said the ED probe will bring under the scanner several companies involved in the transaction.They said,ED has been roped in to help in the probe into all the 34 premises searched. ED officials had accompanied the CBI team to some locations during the raids carried out on 15th of this month.Sources said the probing agencies are waiting for forensic reports of over a dozen computers that were seized during the raids from various premises. The agencies feel that some of the computers may contain deleted information about monetary transactions which might provide specific inputs to the probe.The sources said ED is also probing possible hawala transactions and about four such operators are under the scanner.ED has registered a case under Prevention of Money Laundering Act in connection with the 2G spectrum allocation and is already questioning a number of telecom operators and government officials who are linked to the deals.
News On AIR | December 22, 2010 7:20 PM
ED probes possibility of money laundering in multi-crore 2G scam