Watchdog Enforcement Directorate scents money-laundering, starts initial probe
15 Oct 2013 10:56 PM GMT
In a fresh development in NSEL’s Rs 5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said.
‘We have registered a preliminary inquiry into the NSEL scam as we strongly suspect money laundering,’ the official said.
The ED is the designate central agency to probe economic offences, such as money laundering and foreign exchange violation cases under the Prevention of Money Laundering Act (PMLA), 2002.
‘We have registered a preliminary inquiry into the NSEL scam as we strongly suspect money laundering,’ the official said.
The ED is the designate central agency to probe economic offences, such as money laundering and foreign exchange violation cases under the Prevention of Money Laundering Act (PMLA), 2002.
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