Money laundering: ED attaches Rs 33L assets of TN bootlegger

Image
Press Trust of India New Delhi
Last Updated : Dec 15 2017 | 7:25 PM IST
The Enforcement Directorate (ED) has attached assets worth Rs 33 lakh of a Tamil Nadu-based bootlegger in connection with a money laundering case against him, the agency today said.
The central probe agency said it has issued a provisional attachment order, under the Prevention of Money Laundering Act (PMLA), attaching cash and jewellery worth Rs 33 lakh of Suresh alias Kulithalai Suresh Kumar.
It said in a statement the bootlegger created these assets out of the "proceeds of crime of the sale of smuggled illicit arrack (a type of alcohol)."
The ED booked a PMLA case against him based on an FIR of the Mammallapuram police that also arrested him in 2015.
During the investigation, it said, it was found the man "smuggled illicit spirit affixing duplicate labels on liquor bottles and utilising vehicles with forged RC (registration certificate) books".
"The cash and gold jewellery were gained through smuggling of illicit arrack," the statement said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 15 2017 | 7:25 PM IST

Next Story