Leosty
  • Home
  • Health and Fitness
  • Makeup
    • Beauty Tips
  • Style
    • Mens Fashion
    • Women Fashion
  • Shopping
    • Jewellery
    • Wedding
  • Accessories
  • Contact Us
  • Pages
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
No Result
View All Result
  • Home
  • Health and Fitness
  • Makeup
    • Beauty Tips
  • Style
    • Mens Fashion
    • Women Fashion
  • Shopping
    • Jewellery
    • Wedding
  • Accessories
  • Contact Us
  • Pages
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions
Leosty
No Result
View All Result

Enforcement Directorate raids Kolkata jewelry house for cash laundering

Lillie Garza by Lillie Garza
December 20, 2021
in Jewellery
0
0
SHARES
16
VIEWS
Share on FacebookShare on Twitter

KOLKATA: The Enforcement Directorate (ED) on Thursday raided numerous locations and workplace premises of Shree Ganesh Jewellery House right here about a Rs 2,672 crore money laundering case, a respectable stated.

Summary show
Recommended Post
Find Out the Cause of Blood Cancer and the Possible Cures
Look like a Million Bucks with Jewellery Garden’s Pendant Collection
Meet the poorest candidate this season, contesting from Muzaffarnagar

Recommended Post

Find Out the Cause of Blood Cancer and the Possible Cures

Look like a Million Bucks with Jewellery Garden’s Pendant Collection

Meet the poorest candidate this season, contesting from Muzaffarnagar

“Our officers have started search operations at 11 places which include Shree Ganesh’s workplace premises and houses of its senior officers within the metropolis,” an ED official stated.

The organization has been investigating the case under the Foreign Exchange Management Act, 1999 and beneath the Prevention of Money Laundering Act, 2002.

Based on criticism of defrauding a consortium of banks led by using the State Bank of India (SBI) for non-fee of mortgage to the tune of Rs 2,672 crore, the Central Bureau of Investigation (CBI) had earlier started research in opposition to the organization.

Enforcement Directorate raids Kolkata jewelry house for cash laundering 1

Subsequently, the Directorate of Revenue Intelligence (DRI) had, in June 2018, arrested Nilesh Parekh, the promoter of the organization, inside the alleged diversion of number one gold of over 1 seven hundred kg.

According to DRI officials, the company has numerous devices in Manikanchan Special Economic Zone (MKS EZ). Kolkata was allegedly worried in the diversion of gold imported obligation unfastened at the energy of being a nominated employer and its capacity as an SEZ unit.

“Currently, Parekh is on a meantime bail, and there has been limiting on his movement out of doors of the city. We are in the manner of finalizing a fee sheet in opposition to him, on the way to be filed quickly,” a DRI legitimate told IANS.

During investigations, the corporation determined the accused to “be actively concerned inside the fraud of diversion of primary gold of over 1,seven-hundred kg amongst other violations like non-realization of remittance as a consequence of export of gemstones and Jewellery to the song of Rs 7,500 crore” to the numerous dummy and shell groups at Singapore, Hong Kong, and Dubai.

Previous Post

How Renaissance became the crown jewel of India’s gems and jewelry exports

Next Post

We are know About Important our health and fitness

Related Posts

Find Out the Cause of Blood Cancer and the Possible Cures

Find Out the Cause of Blood Cancer and the Possible Cures

April 14, 2022
Look like a Million Bucks with Jewellery Garden’s Pendant Collection

Look like a Million Bucks with Jewellery Garden’s Pendant Collection

April 9, 2022
Meet the poorest candidate this season, contesting from Muzaffarnagar

Meet the poorest candidate this season, contesting from Muzaffarnagar

December 30, 2021
Global Jewellery and Loose Diamond Market

Global Jewellery and Loose Diamond Market

December 30, 2021
Contraceptive jewelry’ ought to prove an attractive delivery manipulate option for ladies

Contraceptive jewelry’ ought to prove an attractive delivery manipulate option for ladies

December 30, 2021
Pandora seeks to charm China with locally-inspired jewelry

Pandora seeks to charm China with locally-inspired jewelry

December 30, 2021
Next Post
We are know About Important our health and fitness

We are know About Important our health and fitness

About Us

Leosty

Leosty is a blog where you get the latest tips about love and relationship and many more so don't forget to subscribe to our newsletter to never miss an update from us.

Categories

HEALTH AND FITNESS
MAKEUP
STYLE
SHOPPING
ACCESSORIES

Recent Post

  • Get 50% Off Your First Order at Nykaa Fashion
  • How to Save Money on a Big Sur Wedding
  • Health and Fitness Tips
  • Home
  • About Us
  • Anti Spam Policy
  • Contact Us
  • Cookie Policy
  • DMCA
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions

© 2020 leosty -All Rights Reserved to Us

No Result
View All Result
  • Home
  • Health and Fitness
  • Makeup
    • Beauty Tips
  • Style
    • Mens Fashion
    • Women Fashion
  • Shopping
    • Jewellery
    • Wedding
  • Accessories
  • Contact Us
  • Pages
    • About Us
    • Anti Spam Policy
    • Cookie Policy
    • DMCA
    • Disclaimer
    • Privacy Policy
    • Terms and Conditions

© 2020 leosty -All Rights Reserved to Us