ALSO READPost demonetisation, IT Dept. has seized over 93 crore in new currency Siliguri : I.T. dept. conducts raid at residence of businessman Police apprehends two with unaccounted cash carrying Rs. 11.30 lakh ED arrests Surat-based businessman under PMLA Former CBI chief A.P. Singh refutes corruption charges
The Enforcement Directorate on Tuesday attached Rs. 14.69 crores of Pune's Worldwide Oilfields Machine and others under the Prevention of Money Laundering Act (PMLA) for illegal currency conversion post demonetisation.
The Central Bureau of Investigation (CBI) and Anti Corruption Branch (ACB) registered an FIR against Worldwide Oilfields Machine Director Sudhir Puranik, CFO Mangesh Annachhatre and Satyen Gathani of Ishanya
Motors Pvt. Ltd. based on the report of Income Tax (Investigation), wherein it was alleged that M/s Worldwide Oilfields Machine Pvt. Ltd. had amassed huge new high denomination currency notes through various persons.
Accordingly, the investigation under the provisions of PMLA, 2002, was initiated against M/s Worldwide Oilfields Machine Pvt. Ltd. and others by the Directorate of Enforcement based on the said FIR registered by Pune CBI.
The said proceeds of crime amounting to Rs. 14.69 crores have now been provisionally attached under the PMLA on Monday
Further investigation is in progress.
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