ED Action In PMLA Case, Raids At 11 Locations In Madhya Pradesh And Maharashtra

ED action in PMLA case, raids at 11 locations in Madhya Pradesh and Maharashtra; Rs 110 crore scam case.

Enforcement Directorate officials said they conducted searches at 11 premises against a Madhya Pradesh-based company and its directors. They were accused of defrauding a consortium led by UCO Bank to the tune of Rs 109.87 crore.

ED action in PMLA case: ED officials said the searches were conducted at the residences of group companies and directors of Narayan Exports India Pvt Ltd in Indore, Jaura, and Mandsaur in Madhya Pradesh state and Aloka in Maharashtra under the provisions of the Prevention of Money Laundering Act, 2002.