ED Cracks Down: Assets Worth Rs. 5.37 Crore Seized in Money Laundering Probe
(Judicial Quest News Network)
7, June 2024, New Delhi: In a major development, the Directorate of Enforcement (ED), Delhi Zonal Office, has taken swift action by provisionally attaching various movable and immovable assets linked to Amit Kansal, Sanjay Kansal, Rekha Kansal, and Preeti Kansal, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. These assets, including 33 land parcels in Jind District, Haryana, and 7 flats in Uttar Pradesh and New Delhi, are valued at Rs. 5.37 Crore and are associated with Deluxe Cold Storage and Food Processors Limited and others.
The investigation stems from 7 FIRs registered by the CBI concerning a bank fraud amounting to Rs. 480 Crore. Allegations suggest that the promoters diverted bank funds for personal enrichment, deceiving the banks in the process.
ED’s inquiry uncovered a complex web of financial deception, revealing how Amit Kansal, Sanjay Kansal, Rekha Kansal, and Preeti Kansal funneled Proceeds of Crime (PoC) from Deluxe group companies’ bank accounts into their own or affiliated accounts. These funds were then layered and ultimately invested in immovable properties, either in their names or in their family members’.
Previous searches conducted by ED yielded crucial digital evidence, leading to the arrest of individuals involved. Prosecution Complaints (PC) have been filed, and cognizance has been taken by the Hon’ble Special PMLA Court, New Delhi. While some suspects are in judicial custody, the investigation continues to unfold.
This enforcement action underscores ED’s relentless pursuit of financial offenders and commitment to upholding the integrity of the financial system.
