ED begins money laundering probe on IPL
24 May 2013 12:57 AM GMT
Taking cognisance of Delhi police’s FIR registered in the IPL scandal, the Enforcement Directorate (ED) on Thursday began their independent probe into the matter. ED registered a money laundering case in the spot-fixing scandal to probe alleged routing of hawala funds and other financial irregularities which emerged after police investigations.
With the ED coming into the picture by invoking the criminal clauses of the Prevention of Money Laundering Act (PMLA), the noose would tighten around the accused players and bookies, as under the said act the onus of proving one’s innocence is on the accused and there’s also the possibility of seizure of assets and bank accounts.
ED is already probing alleged foreign exchange related violations in the earlier editions of the T20 IPL cricket tournament and has issued penalty notices in many cases.
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