Department of economic affairs of finance ministry English news | Department of economic affairs of finance ministry, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

New Delhi, Aug 3 The Enforcement Directorate (ED) on Wednesday said that a Special PMLA court in Andhra Pradesh's Visakhapatnam has taken cognisance of the charge sheet filed against a LIC official in a Prevention of Money Laundering case.The ED initiated a money laundering investigation on the basis of the FIR registered by the CBI, Visakhapatnam against LIC official Dharavath Sakru and others for criminal conspiracy, criminal breach of trust by public servant, cheating, forgery, using forged documents as genuine, and criminal misconduct.Sakru illegally siphoned off funds of LIC by using demand drafts in the names of his acquaintances and illegally transferred the LIC funds to their accounts, making wrongful gain to themselves and corresponding wrongful loss to LIC to the tune of Rs 1.77 crore.Presently lodged in Central Prison, Visakhapatnam, he was recently sentenced to five years rigorous imprisonment by a special CBI court. The trial under the PMLA is in progress now.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

Department Of Economic Affairs Of Finance MinistryFOLLOW

Department of economic affairs of finance ministry, Latest News

New Delhi, Aug 3 Opposition parties on Wednesday issued a joint statement on the Supreme Court validating powers ... ...

Kolkata, Aug 3 Other than its ongoing probe into the multi-crore teacher recruitment scam in the West Bengal ... ...

New Delhi, Aug 3 The Enforcement Directorate (ED) on Wednesday said it has attached immovable property in the ... ...

New Delhi, Aug 3 The Enforcement Directorate (ED) on Wednesday said it has attached immovable properties in the ... ...

New Delhi, Aug 3 In the latest development in connection with the National Herald matter the Enforcement Directorate ... ...

Kolkata, Aug 3 West Bengal Chief Minister Mamata Banerjee on Wednesday evening undertook a major reshuffle in her ... ...

New Delhi, Aug 3 Enforcement Directorate officials probing the National Herald matter have also found that Kolkata based ... ...

New Delhi, Aug 3 The Enforcement Directorate (ED) on Wednesday said that a Special PMLA court in Andhra ... ...