From The Hindu
Center-Left Owned by Kasturi & Sons Ltd.ED raids in Odisha, Bengal in investment 'fraud' case'
What's behind this
The Enforcement Directorate conducted raids at 11 locations in Kerala and Tamil Nadu on Wednesday, targeting the office and residential premises of R Premkumar, a founding member and de facto chairman and managing director of the Bharath Lajhna Multi State Co‑operative Society. He is accused of misusing his influence to divert funds collected from public depositors to the accounts of his wife and relatives, prompting a money‑laundering investigation.
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left · 2 outlets
Kochi: The Enforcement Directorate on Wednesday conducted searches in Kerala and Tamil Nadu in connection with a money laundering investigation against a cooperative society and its promoter, officials said. The probe involves R Premkumar, founding member and de facto Chairman and Managing Director…
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center · 1 outlet
The Enforcement Directorate conducted searches across Odisha and West Bengal on Wednesday. Officials launched the raids under the Prevention of Money Laundering Act. The operation targets an alleged money laundering scheme involving 120 crore rupees. Investigators searched ten premises linked to…
RSS excerpt
The promoters of the scheme collected about ₹120 crore from the public, according to the ED
