Revenue and department of economic affairs English news | Revenue and department of economic affairs, Latest News & Live Updates in English | English News (Latest English News) at Lokmattimes.com

New Delhi, March 3 The Enforcement Directorate on Thursday said that it has attached assets worth Rs 7.47 crore including Rs 4.2 crore cash and 6.636 kg of fine gold worth Rs 3.45 crore in connection with a PMLA case.The assets belong to Rakesh Kumar Garg, the then Chief Engineer (Naval Works), Military Engineer Services (MES), Kathari Bagh Naval Base, Kochi and two others identified as Sanjeev Khanna and Sanjeev Aggarwal.The ED initiated money laundering investigation on the basis of the FIR lodged by the CBI against Garg and others under sections 120B of the IPC read with sections 7, 8, 10 & 12 of the Prevention of Corruption Act.It was alleged that Rakesh Kumar Garg had indulged in corrupt practices by way of demanding and collecting illegal gratification of 1 per cent of tender value from contractors for issuing various civil contracts.The ED learnt during the investigation that Garg, Khanna and Aggarwal had obtained the proceeds of crime in the form of cash totalling to Rs 4.2 crore and 6.636 kg of fine gold valued at Rs 3.45 crore approximately.Further investigation is the matter is underway.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

Revenue And Department Of Economic AffairsFOLLOW

Revenue and department of economic affairs, Latest News

NCP leader and Maharashtra Minister Nawab Malik has been sent to Judicial Custody by a special PMLA court on Monday in connection with Dawood Ibrahim's money laundering case. ...

New Delhi, March 5 A court here on Saturday rejected the bail application of suspended Aam Aadmi Party ... ...

Enforcement Directorate has arrested promoter of Coastal Energy Private Limited, Chennai, under the PMLA Act, 2002 in a money laundering case of overvaluation of coal prices whereby the public sector undertakings paid a higher price for the purchase ...

New Delhi, March 4 The Enforcement Directorate (ED) has attached assets worth Rs 7.25 crore of an associate ... ...

The Enforcement Directorate on Thursday, has filed a Prosecution Complaint under Prevention of Money Laundering Act (PMLA), 2002 in the case of Pushpesh Kumar Baid and Ors before the Special Judge (PMLA), Kolkata. ...

The Enforcement Directorate on Thursday has provisionally attached assets worth Rs 7.47 crore including cash of Rs. 4.02 crore and 6.636 kgs of fine gold valued at Rs 3.45 crore approximately belonging to Rakesh Kumar Garg, Sanjeev Khanna and Sanjeev ...

New Delhi, March 3 The Enforcement Directorate (ED) on Thursday said that it has seized assets worth Rs ... ...

New Delhi, March 3 The Enforcement Directorate on Thursday said that it has attached assets worth Rs 7.47 ... ...