Poging GOUD - Vrij
FB pic of car, LPG delivery clue help ED crack money laundering case
The New Indian Express
|January 03, 2025
DISTINCT clues ranging from Facebook images and LPG gas cylinder deliveries to intelligence reports from Chennai Customs and data from the Tamil Nadu government's commercial taxes wing were crucial to the Enforcement Directorate busting the International Trade-Based Money Laundering (TBML) scam in Chennai.
Detected in 2016, the scam orchestrated the remittance of US dollars worth ₹120 crore to Hong Kong through accounts of multiple shell companies at Indian Bank and Syndicate Bank in lieu of faked imports of electronics. The bank accounts themselves were created using forgery and impersonation. ED's Chennai zone has got six convictions from 2019-2024 in the cases till date, which forms 14% of the agency's 42 all-India count since the PMLA came into force. The trial in some more related cases is still ongoing.
In September 2016, it was the then manager of Indian Bank's Thousand Lights branch, who flagged the first alert after noticing suspicious international transactions in newly opened current accounts of eight companies. He quickly verified with Chennai Customs the genuineness of import documents submitted by the account holders to send out foreign currency to Hong Kong.
Dit verhaal komt uit de January 03, 2025-editie van The New Indian Express.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The New Indian Express
The New Indian Express
KL cops book 5 for sharing details of survivor online
She had accused MLA Rahul Mamkootathil of rape, terminating pregnancy
1 mins
December 01, 2025
The New Indian Express
THE BRAIDED POLITICS OF FLOWERS
There are invisible connotations stringed with what one has adorned their hair. They aren’t mere flowers; they reek of caste and class
5 mins
December 01, 2025
The New Indian Express
TECH-LED POLICE REFORMS KEY FOR VIKSIT BHARAT: PM
PRIME Minister Narendra Modi on Sunday urged the police forces to change the way they work and are perceived by the public, stressing the need for greater professionalism, empathy, and quicker response time.
1 min
December 01, 2025
The New Indian Express
ART AT ITS FINEST
FOR three decades, Mudhra has presented its December Music Festival on a grand scale, featuring leading artistes from across the country.
1 min
December 01, 2025
The New Indian Express Chennai
'Cinema is never a one-man show'
... says actor Pasupathy, who headlines Sony LIV's upcoming web series, Kuttram Purindhavan, as he discusses having other pursuits, being replaceable, and why collaborations define cinema
3 mins
December 01, 2025
The New Indian Express
THE BHAKTI CONTINUUM
THE raising of the Dharmadhvaja at the Ram Mandir in Ayodhya was a profoundly moving moment for many, and it may be worth recalling the egalitarian socio-religious movement that prevails at the temple. This is not about upholding an agenda but about our right to know our own history and heritage.
3 mins
December 01, 2025
The New Indian Express
SIR may heat up Winter Session starting today
THE stage is set for a stormy start to Parliament’s Winter Session on Monday, with the Opposition demanding a full discussion on the Special Intensive Revision of electoral rolls, while the ruling party is pushing for a discussion on 150 years of Vande Mataram.
1 mins
December 01, 2025
The New Indian Express
DON'T TELL THE MOUNTAINS...
CE reporter's diary notes from his recent trek to Kapamodzu Peak in Nagaland
5 mins
December 01, 2025
The New Indian Express Chennai
THE BEATING HEART OF THE MUSIC SEASON
A music connoisseur’s connection with the arts has supported kutcheris
2 mins
December 01, 2025
The New Indian Express
WHAT TO EXPECT WHEN INVESTING IN 2026
THE year is ending on a high note.
2 mins
December 01, 2025
Listen
Translate
Change font size

