ED Seizes Land and Cash in Major Money Laundering Cases
Properties Attached in Gurugram
The Enforcement Directorate (ED) has attached immovable properties spanning 88.29 acres and valued at Rs 300.11 crore. These properties belong to M3M India Infrastructures Pvt Ltd and are located in Basharia village, Gurugram, Haryana. This action was taken under the Prevention of Money Laundering Act (PMLA), 2002.
Raids on Malbros International Pvt Ltd
In a separate case, the ED seized unaccounted cash amounting to Rs 78.15 lakh during raids at seven locations in Punjab, Delhi, and Madhya Pradesh. These raids were related to liquor company Malbros International Pvt Ltd and its former Director Gautam Malhotra. The investigation is linked to environmental crimes involving soil and water contamination.
Environmental Violations
The ED’s investigation revealed that Malbros International Pvt Ltd discharged industrial waste into bore-wells, contaminating soil and groundwater. This led to public health risks and cattle deaths in the surrounding areas. The money generated from these environmental crimes was used for the company’s business activities, and further investigation into the money trail is ongoing.
Doubts Revealed
ED -: ED stands for Enforcement Directorate. It is a government agency in India that investigates financial crimes like money laundering.
Money Laundering -: Money laundering is when people try to hide money they got from illegal activities by making it look like it came from legal sources.
M3M India -: M3M India Infrastructures Pvt Ltd is a company that builds big buildings and other structures in India.
Malbros International -: Malbros International Pvt Ltd is a company that was involved in illegal activities like polluting the environment.
Gurugram -: Gurugram is a city in the Indian state of Haryana, near the capital, New Delhi.
PMLA -: PMLA stands for Prevention of Money Laundering Act. It is a law in India made in 2002 to stop money laundering.
Rs 300.11 crore -: Rs 300.11 crore is a large amount of money in Indian currency, equal to 3,001,100,000 rupees.
Rs 78.15 lakh -: Rs 78.15 lakh is another amount of money in Indian currency, equal to 7,815,000 rupees.
Unaccounted cash -: Unaccounted cash is money that is not recorded in official documents, often because it was obtained illegally.
Environmental crimes -: Environmental crimes are illegal activities that harm the environment, like polluting water or air.
Industrial waste -: Industrial waste is unwanted or leftover material from factories that can harm the environment if not disposed of properly.
Soil and water contamination -: Soil and water contamination happens when harmful substances get into the ground or water, making them unsafe for people and animals.
Cattle deaths -: Cattle deaths refer to cows and other farm animals dying, often because of eating or drinking contaminated food or water.