Bhubaneswar: The Enforcement Directorate (ED) on Saturday attached property and cash worth over Rs 3.92 crore of former Cuttack-Choudwar MLA Pravat Biswal in connection with a money laundering case.
Biswal is facing charges of fraudulently collecting deposits from people in the guise of issuing preferential shares by enrolling depositors as members of cooperative societies.
According to ED, these companies were neither registered as Non-Banking Finance Company (NBFC) with the Reserve Bank of India (RBI) nor listed in National Stock Exchange of India (NSEI) and therefore not authorised to collect such deposits from people.
The attached assets include bank balance of Rs 25 lakh at SBI Cuttack Branch belonging to Biswal and one immovable property belonging to M/s Media Guru Consultants Private Ltd in Noida, Uttar Pradesh.
Washington: An unidentified person was shot at by the US Secret Service near the White… Read More
Bhubaneswar: The Special Task Force (STF) of Odisha Crime Branch on Sunday arrested 10 Bangladeshi… Read More
Agra: A video of a 6-year-old boy, alleging brutal torture by one of his schoolmates,… Read More
Bhubaneswar: Odisha FC women went down 1-3 to East Bengal in their Indian Women’s League (IWL)… Read More
Raipur: In this digital era, when court rulings, press releases, government notices and articles are drafted… Read More
Dubai: Rohit Sharma lost his 12th successive toss, and New Zealand got off to a… Read More
This website uses cookies.
