ED Executes PMLA Raids in Indore and Raisen, Madhya Pradesh
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Bhopal, Dec 7 (NationPress) The Enforcement Directorate (ED) has executed raids under the Prevention of Money Laundering Act (PMLA) in the districts of Indore and Raisen, Madhya Pradesh.
Officials from the ED conducted searches at four locations linked to Manoj Parmar and a manager of Punjab National Bank (PNB), Mark Pius Karari.
During these searches, numerous incriminating documents and information regarding both immovable and movable properties were retrieved and subsequently seized.
As stated in an official announcement made on Saturday, the ED recorded statements from several individuals and has frozen a bank account containing Rs. 3.5 lakh.
The ED also discovered details concerning four immovable properties owned by key individuals during the raids.
This action was initiated based on an FIR filed by the Central Bureau of Investigation (CBI) against Mark Pius Karari and Manoj Parmar, who are implicated under various sections of the BNS.
According to the ED's announcement, the CBI's chargesheet against Parmar and Karari indicated that funds totaling Rs. six crore were secured as loans under government schemes; however, these funds were diverted for unrelated uses.
The ED stated, "An amount of Rs. six crore loan was secured under the Pradhan Mantri Employment Generation Program and Chief Minister Yuva Udhami Yojna schemes, but were misappropriated and misused."
Additionally, investigations revealed that a thorough analysis of bank accounts showed that these funds were redirected to various proprietorship concerns and firms, which were later withdrawn in cash for investment in properties.
Further investigations into this matter are ongoing.
