ED arrests one Shaifali Walia under PMLA in a cheating case

ANI
26 Sep 2023, 18:48 GMT+10

New Delhi [India], September 26 (ANI): The8203;Directorate of Enforcement (ED) conducted a search operation last week and arrested one accused Shaifali Walia under the Prevention of Money Laundering Act (PMLA), 2002 in a cheating case.

Shaifali Walia was produced before the special court, Dehradun which has granted judicial custody till Wednesday.

ED in a release on Tuesday said it initiated an investigation on the basis of an FIR registered by Rajpur Police Station, Dehradun against Pushpanjali Realms and Infratech Limited, its directors and others under various sections of IPC, for cheating and duping innocent flat buyers after taking advance payments for booking of flats in respect of construction projects of the company.

ED investigation revealed that the advance booking amount received from the flat buyers were diverted by the directors of the company for investing the same in the purchase of properties in their name and in the name of their family members.

The total proceeds of crime involved in this case are Rs 31.15 crore. Complete proceeds of crime in the form of immovable properties have already been attached which has been confirmed by the adjudicating authority.

Further investigation is under progress, ED said. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

null in null

Business

Section

Bitcoin soars to a record on Trump policies, institutional demand

NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...

Huawei eyes new buyers for AI chips amid U.S. export curbs

SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...

U.S. food prices at risk as Brazil tariff hits key imports

LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...

WK Kellogg sold to Ferrero as food giants chase shelf power

BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...

Filmmaker joins biotech effort to bring back extinct giant bird

WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...

India seeks WTO nod for retaliatory tariffs on US

NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...

Engineering

Section