Last Friday, the sleuths of ED conducted search operations across 18 locations in Mumbai, Kochi, and Thrissur. Pics/ Atul Kamble
As part of the ongoing money laundering probe under the Prevention of Money Laundering Act (PMLA), 2002, the Central agency seized several crucial items during the search operations
In addition, the ED has frozen 22 bank accounts, one demat account, and fixed deposits (FDRs), with the total value of the frozen/seized assets exceeding Rs 1.25 crore
Officials confirmed that several incriminating documents and digital devices found during the searches are expected to play a significant role in the next phase of the investigation
The ED case stems from a Mumbai Police Economic Offences Wing (EOW) FIR filed in May against 13 persons, including contractors and civic officials, for an alleged Rs 65.54 crore scam in tenders awarded from 2017-2023 for desilting of the Mithi river which flows through Mumbai and acts as a stormwater drainage channel for the metro city
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