Anas ahmad - Latest News Update, Information, Photos & Videos on Anas ahmad at Lokmat Times

The Enforcement Directorate (ED) arrested a fraudster in Chennai on Thursday in a money laundering case connected with fraud committed through powerbank and other such mobile applications.The accused, identified as Anas Ahmad was arrested under the Prevention of Money laundering Act (PMLA), 2002.Ahmed is in judicial custody and lodged in Puzhal Central Prison, Chennai, in the predicate offence booked by CID, Chennai. The Principal City Civil and Sessions and Special Judge for PMLA cases, Bengaluru has granted six days of custody of Ahmed to ED on Thursday for enquiring into the fraud committed.The federal agency initiated money laundering investigation into the operations of accused entities that induced the public to invest a certain amount through Powerbank and other such fraudulent apps by assuring to remit interest on a daily or weekly basis on the investment made, said the ED."The accused entities closed their purported business after collecting huge sum of money from gullible Public and went incommunicado. The accused entities neither paid interest nor returned the principal amount to the public and withheld the investment made by the public which has resulted in the commission of cheating," said the agency.ED said Ahmed is a partner in two accused firms namely H and S Ventures Inc and Clifford Ventures."These two partnership firms are responsible for collection of approximately Rs 84 crore from public. Anas Ahmed has Chinese links and is suspected of being the mastermind of the whole racket," ED said.Ahmed indulged in corrupt and illegal activities through his partnership firms by deviating from the declared line of business and activity of gaming and has collected money from the public under the guise of investment schemes through fraudulent apps.The proceeds generated through criminal activities have been layered through a number of shell entities to remit out of India & also invest in cryptocurrencies, the ED said.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Mega Block

Maharashtra Lok Sabha Election

T20 World Cup 2024

Anas AhmadFOLLOW

Anas ahmad, Latest News

National :Delhi: 3 arrested in Seelampur firing case

New Delhi [India], May 9 : Three men have been arrested for fighting and firing in the open in ... ...

National :Man killed in advocate's chamber in Delhi over Rs 4,000

New Delhi [India], May 8 : A man has been shot dead over Rs 4,000 at an advocate's office ... ...

National :ED arrests fraudster for cheating people through powerbank, other mobile apps

The Enforcement Directorate (ED) arrested a fraudster in Chennai on Thursday in a money laundering case connected with fraud committed through powerbank and other such mobile applications. ...