PMLA case against Religare Finvest, others: ED attaches assets worth Rs 124 crore indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
RFL PMLA case: ED attaches Rs 124-cr worth assets devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The Directorate of Enforcement investigation into Religare Finvest reveals that ₹400 crore was allegedly diverted to Hong Kong. Former Fortis promoters Malvinder and Shivinder Singh are charged under the Prevention of Money Laundering Act in the investigation. Four shell companies and inter-corporate deposits were used to divert ₹750 crore to erstwhile Lakshmi Vilas Bank.
The Essel Group is promoted by media baron Subhash Chandra and owns stake in leading media and entertainment companies which includes - Zee Entertainment Enterprises Ltd, Zee Media Corporation and Dish TV.