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ED seeks NBWs against Guj firm's 4 directors in 50-bn money laundering case

The ED has registered the alleged bank fraud case against the firm SBL under sections of the Prevention of Money Laundering Act

Press Trust of India  |  New Delhi 

money, mudra scheme, bribe

The Monday approached a seeking issuance of open ended non-bailable warrants (NBW) against four directors of a pharma firm in a Rs 50 billion probe case.

The agency has sought warrants against (SBL) directors Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara, and

listed the matter for hearing on January 5.

The has registered the alleged against the firm SBL under sections of the Prevention of Act (PMLA).

The accused are also being probed by the for allegedly bribing senior income tax department officials as part of an earlier criminal complaint.

First Published: Mon, December 24 2018. 15:20 IST
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