Vikram swarup, Businessperson

New Delhi, June 17 The Enforcement Directorate (ED) announced on Saturday that they have seized assets worth Rs 30.60 crore in the form of investments in securities related to Vikram Swarup and Gaurav Swarup under the provisions of the Foreign Exchange Management in the Pandora Papers leaks case."It was revealed in the Pandora Papers leaks that Vikram Swarup and Gaurav Swarup were beneficial owners of a company, Epsilon Enterprises Ltd., incorporated in the British Virgin Islands. Further investigations revealed that the two were beneficiaries of bank accounts belonging to Epsilon Enterprises Ltd., held with Standard Chartered Bank in Jersey and Bank J. Safra Sarasin in Switzerland," the ED said.The probe agency stated that their investigation conducted under FEMA revealed that the Swarup brothers were holding assets in the form of "foreign exchange" in accounts maintained with Standard Chartered Bank in Jersey and Bank J. Safra Sarasin in Switzerland, under the name of the aforementioned Epsilon Enterprises Ltd., in contravention of Section 4 of FEMA.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

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Vikram swarup, Latest News

National :ED seizes Rs 31 cr worth assets of Swarups in Pandora Papers leaks case

New Delhi [India], June 17 : Directorate of Enforcement (ED) has seized total assets worth of Rs 30.60 Crore ... ...

National :ED seizes Rs 30.60 cr in assets linked to Pandora Papers Leaks case

New Delhi, June 17 The Enforcement Directorate (ED) announced on Saturday that they have seized assets worth Rs ... ...