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ED files final charge sheet against Musaddilal Group in demo deposit case


ED files final charge sheet against Musaddilal Group in demo deposit case
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IANS
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Court declares Mirchi s family members fugitive economic offenders (Facebook). Image Source: IANS News
New Delhi, June 1 : The Enforcement Directorate (ED) has filed a supplementary charge sheet against Kailash Gupta, Nitin Gupta, Nikhil Gupta and their company Musaddilal Jewellers Private Ltd and several others in connection with its money laundering probe for depositing Rs 111 crore immediately after the announcement of demonetisation in November 2016.
An ED official said that the financial probe agency filed the charge sheet on Monday after extensive investigation, against the main accused Kailash Gupta, Nitin Gupta, and Nikhil Gupta and their firms Musaddilal Gems and Jewellery, Musaddilal Jewellers Pvt Ltd and Vaishnavi Bullion Ltd, their chartered accountants, gold bullion dealers, and also the major contributors of the black money, who were invo ....

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ED files prosecution complaint in demonetisation scam


ED files prosecution complaint in demonetisation scam
ANI |
Updated: Jun 01, 2021 20:07 IST
New Delhi [India], June 1 (ANI): The Directorate of Enforcement (ED) has filed a prosecution complaint in the infamous demonetisation scam in which cash of approximately Rs 111 Crore was deposited immediately after the announcement of demonetisation on November 8, 2016, by the firms of Kailash Gupa, Nitin Gupta and Nikhil Gupta.
On the basis of an FIR registered by Telangana State Police, Hyderabad, the ED initiated a money-laundering investigation against M/s Musaddilal Gems and Jewels Private Limited, M/s Vaishnavi Bullion Private Limited, M/s Musaddilal Jewellers Private Limited, and others. ....

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ED attaches Rs 130 crore assets of Hyderabad-based jewellers in demonetisation case


ED attaches Rs 130 crore assets of Hyderabad-based jewellers in demonetisation case
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Last Updated: Feb 02, 2021, 12:00 PM IST
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The attached assets, include 41 immovable properties, investments made in shares and jewellery, and bullion worth Rs 83.30 crore, seized in raids conducted some years back. The total value of these properties is Rs 130.57 crore, it said.
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NEW DELHI: The Enforcement Directorate has attached assets worth over Rs 130 crore of various Hyderabad-based jewellery houses and their promoters in a money laundering probe linked to alleged financial irregularities done during the 2016 demonetisation exercise, the agency said on Tuesday. The action has been taken against Musaddilal Gems and Jewels Pvt Ltd, Vaishnavi Bullion Pvt Ltd and Musaddilal Jewellers Pvt Ltd, according to the Enforcement Directorate (ED). ....

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Musaddilal Jewellers case: ED attaches assets worth Rs 130 crore


Musaddilal Jewellers case: ED attaches assets worth Rs 130 crore
The Enforcement Directorate (ED) has attached assets worth `130.57 crore in the demonetisation scam case related to Hyderabad-based Musaddilal Gems and Jewels Pvt. Ltd. and other firms.
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The attachment also includes gold jewellery, bullion and ornaments valued at Rs 83.30 crore which were seized during searches. 
By Express News Service
HYDERABAD:  The Enforcement Directorate (ED) has attached assets worth Rs 130.57 crore in the demonetisation scam case related to Hyderabad-based Musaddilal Gems and Jewels Pvt. Ltd. and other firms. The attached assets include 41 immovable properties registered in the name of various jewellers and others involved in the case, movable properties in the form of stock in trade valued at Rs 18.69 crore, and investments made in the stock market in the form of shares worth Rs 63 lakh by persons involved in the scam. The attachme ....

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