Surat ED Files Complaint Against Kamlesh Jariwala and Others for Money Laundering
The Surat branch of the Directorate of Enforcement (ED) has filed a Prosecution Complaint (PC) against Kamlesh Jariwala and four others under the Prevention of Money Laundering Act (PMLA) of 2002. The complaint was filed before the Special Court (PMLA) in Mirzapur, Ahmedabad, on September 26.
During the investigation, the ED froze Rs. 5.67 Crores held in 92 dummy bank accounts. The investigation was based on an FIR registered by the D.C.B Police Station, Surat Police, against the accused for alleged cheating, forgery, and criminal conspiracy to obtain financial gains.
The ED’s investigation revealed that Kamlesh Jariwala, Harish Chaudhary, and Rushikesh Adhikar Shinde opened dummy bank accounts using forged documents. These accounts were used to obtain illegal betting proceeds from websites like CBTF247.com and T20exchange.com. The ED conducted search operations in April 2023, leading to the freezing of the funds.
Further investigation is ongoing.
Doubts Revealed
Surat -: Surat is a city in the state of Gujarat, India. It is known for its diamond cutting and polishing industry.
ED -: ED stands for the Directorate of Enforcement. It is a government agency in India that investigates financial crimes like money laundering.
Complaint -: A complaint in this context is a formal accusation made by the ED against someone for breaking the law.
Kamlesh Jariwala -: Kamlesh Jariwala is one of the people accused of being involved in money laundering in this case.
Money Laundering -: Money laundering is when people try to hide where their illegal money came from by making it look like it came from a legal source.
Prevention of Money Laundering Act -: This is a law in India that helps the government catch and punish people who are involved in money laundering.
Dummy bank accounts -: Dummy bank accounts are fake or false bank accounts used to hide illegal money.
Illegal betting proceeds -: This means money earned from illegal betting activities, like gambling that is not allowed by law.
Frozen accounts -: When the ED freezes accounts, it means they stop anyone from taking money out of those accounts.
Crores -: A crore is a unit in the Indian numbering system equal to ten million (10,000,000).