A total of Rs 4.98 crore assets in the form of bank balances, jewelery and land parcels have been temporarily attached.
The central probe agency said that the investigation of the case was initiated some time back on the basis of an FIR registered by the Bengaluru Police against Vijay Akash, Mohd. Mustafa, MD Jayaram (then assistant branch manager of Syndicate Bank, Uttarahalli branch in Bengaluru). Other.
- PTI New Delhi
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The Enforcement Directorate on Wednesday said it has attached assets worth around Rs 5 crore in connection with a money laundering probe related to an alleged fraud at a branch of Syndicate Bank in Bengaluru. The central probe agency said that the investigation of the case was initiated some time back on the basis of an FIR registered by the Bengaluru Police against Vijay Akash, Mohd. Mustafa, MD Jayaram (then assistant branch manager of Syndicate Bank, Uttarahalli branch in Bengaluru). Other.
The probe found, the Enforcement Directorate (ED) in a statement claimed that Akash is the “mastermind” of the entire conspiracy along with Jayaram, Nagaraju, Raveena, Siddaganaiah and others. It said that Akash “opened a fake current account in the name of Karnataka State Agricultural Marketing Board (KSAMB) in Syndicate Bank branch, operated by Mustafa, acting as the account officer of KSAMB, on the basis of forged and fabricated documents”. was impersonating. Board resolution, ID card, letter head of KSAMB etc.
The agency claimed that they succeeded in transferring Rs 50 crore to fake current accounts (of KSAMB) and Mustafa with the help of bank official Jayaram and others and transferred Rs 47,16,62,500 to various bank accounts of entities and individuals. . accomplices of the conspiracy.” The ED alleged, “The bank accounts of each of those entities or individuals were used to withdraw money in the form of cash and to purchase ornaments and land by the accused and their associates.” Under the provisions of the Prevention of Money Laundering Act (PMLA), assets worth Rs 4.98 crore have been provisionally attached in the form of bank balances, jewelery and parcels of land.
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