Several mutual funds and shares held in the name of the corporate company and individuals associated with it were also frozen claimed ED
ED freezes 139 bank accounts of GPIL over money laundering case: The Enforcement Directorate (ED) on Saturday frozen 139 bank accounts of West Bengal-registered company ‘Gupta Power Infrastructure Limited’ (GPIL) in a money-laundering case. The central agency was investigating the case for some time.
According to a statement by ED, the agency conducted a raid and search operation at nine locations in West Bengal and neighboring Odisha on October 5 this year. These places were related to GPIL, its associated companies and people associated with its management and the case was related to the investigation of bank fraud committed by this company in West Bengal. Several mutual funds and shares held in the name of the corporate company and individuals associated with it were also frozen claimed ED.
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ED also seized three luxury cars – two Mercedes and one BMW. The central agency launched an investigation on the basis of FIR registered by CBI against GPIL. ED investigation was started on the basis of the FIR registered by the Central Bureau of Investigation (CBI).
