ED restores ₹3.82 crore worth assets to Ktaka Waqf Board

New Delhi, 8 TEM (PTI) on Tuesday Executive Directorate, said he restored more assets La3.82 After the investigation of money laundering to the Council of Karnataka, the Foundation of the State of Karnataka, about the allegation of fraud against the body.

The money laundering case stem from the Fir of a state police against two Vijaya Bank officials and the first part assistant Syd Siraj Ahmed in the Foundation Board.

Foundation Board published two controls La4,00,45,465 To open fixed deposit accounts on Vijaya Bank. However, instead of opening the accounts, the money “siphoned” by switching to imaginary organizations, the Federal said in a statement.

ED found, he said La4 Crore was transferred to the account of a company called Verkeys Realities PVT. Ltd., La1.10 Crore when buying a Mercedes car La2,72,74,444 was transferred to another account.

The agency added more assets La3.82 In 2017, as a part of this investigation, and then a charges against six people and organizations, including the Verkeys.

This prosecution complaint was opened in front of a special prevention of the Court of Black Money Laundering (PMLA) in Bengaluru.

In line with the “main objective of” return “to” return of criminal revenues to legitimate victims, ED said that no objection was made when he thought of the release of the justified plaintiff to the Karnataka State Foundation Board in this case.

The Agency published a banker’s control LaOn July 1, the WAKF Board 3,82,74,444, ED, said it was a “important” step in the task of restoring abused funds for those who have been abused.

“This version underlines the commitment to provide justice for the victims of financial crimes. ED continues to be determined to fight money laundering and to return crime income to the beneficiaries.” He said.