Summary:
Its probe revealed link between the accounts involved in the scheduled offence and the final beneficiary of the proceeds of crime. He had come to know of the transactions only after receiving a notice from the income tax (I-T) department.The ED has been investigating the money laundering aspect of the case. Further investigation is on the case. The assets were identified as proceeds of crime and attached vide one provisional attachment order, which was duly confirmed by the competent authority.The ED has now, therefore, filed a prosecution complaint, which is equivalent to a chargesheet, under Section 45 of PMLA against M/s Nirnidhi Marketing Private Limited, Satish and Manish Saraogi and Manvendra Mistry. INDORE: Enforcement Directorate ED ) has filed prosecution complaint of 861 pages against Saraogi brothers, Manvendra Mistry and M/s Nirnidhi Marketing Private Limited before a special court in Jabalpur under Prevention of Money laundering Act (PMLA).“Kotwali police station in Katni district had registered four FIRs under Section 420, 467, 468 & 471 of (IPC) alleging that high value transactions had taken place from Axis Bank accounts opened in the name of complainants without their knowledge..