New Delhi, 02 December (HS): The Enforcement Directorate (ED) conducted searches at six places in Andhra Pradesh and Telangana in connection with the investigation into fraud in the sanction of a loan under the Kisan Credit Card for the construction of fish tanks. The Central Investigation Agency has conducted this search operation under the provisions of the Prevention of Money Laundering Act (PMLA) of 2002.
The ED said on social media platforms The search operation was conducted under the provisions of PMLA on November 29 at six residences and office premises of loan aggregators in Andhra Pradesh and Telangana.
ED said that digital devices and various incriminating documents have been recovered and seized in the search operation. Along with this, during this search operation, documents revealing many movable and immovable properties acquired from the income have also been recovered.
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