Anas ahmed - Latest News Update, Information, Photos & Videos on Anas ahmed 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

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Anas AhmedFOLLOW

Anas ahmed, Latest News

National :Macabre death of Hyderabad child moves authorities to act on strays

By Mohammed Shafeeq Hyderabad, March 5 The horrific visuals of a pack of stray dogs mauling a four-year-old ... ...

National :4-year-old mauled to death by stray dogs in Hyderabad

Hyderabad, Feb 21 In a shocking incident, a four-year-old boy was mauled to death by stray dogs in ... ...

National :Stray dogs maul child to death in Hyderabad

Hyderabad, April 27 In a horrific incident, a pack of stray dogs mauled a child to death in ... ...

National :Businessman having Chinese links arrested by ED

New Delhi, Feb 2 The Enforcement Directorate (ED) on Wednesday said it has arrested a businessman, Anas Ahmed, ... ...

National :ED arrests man with Chinese links for cheating through mobile apps

New Delhi, Jan 20 The Enforcement Directorate (ED) on Thursday said that it has arrested one Anas Ahmed ... ...

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. ...