Published On: Sat, Aug 26th, 2017

ED arrests meat exporter Moin Qureshi in money laundering case

New Delhi: The Enforcement Directorate (ED) on Saturday said that it has arrested millionaire meat exporter Moin Qureshi in connection with Rs 200 money laundering case.

The income tax department, during its probe, found that Qureshi had 11 bank lockers

Qureshi was arrested on Friday night, an ED official said. He will be produced in court on Saturday.

The ED had registered a case against Qureshi in 2016, under the Prevention of Money Laundering Act (PMLA) for alleged illegal forex dealings and tax evasion through hawala channels to Dubai, London and a few other destinations in Europe.

Qureshi was being probed for allegedly remitting funds through hawala channels to Dubai, London and a few other destinations in Europe.

The income tax department, during its probe, found that Qureshi had 11 bank lockers which were in the names of his employees and associates but actually belonged to him.

The ED had slapped additional charges against him under PMLA on the basis of the I-T department’s chargesheet.

 

 

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