Latest news with #BedanshuShekharMishra
United News of India
a day ago
- United News of India
ED raids 7 locations in 3 states in PMLA case
Chennai, June 2 (UNI) The Directorate of Enforcement (ED), Delhi Zonal Office has conducted search operations at seven locations in Delhi, Mumbai and Bengalore in an ongoing investigation under the provisions of Prevention of Money Laundering Act (PMLA), 2002. The raids were against Bedanshu Sekhar Mishra, the then officer in the Punjab and Sind Bank, his associates and key management persons of gaming platporm As a result of the searches, ED has seized cash amount of Rs. 39 lakh along with various incriminating materials including digital evidences, multiple mobile phones and SIM cards being used for online gaming, etc, according to an official release. Further, during the search proceedings, ED has frozen total amount of Rs 1.5 crore in 48 mule accounts being used by gaming platform. The ED initiated investigation on the basis of FIR registered by CBI, ACB, New Delhi, under various sections of IPC, 1860, PC Act 1988 and IT Act, 2000 against Bedanshu Shekhar Mishra and others. Investigations revealed that Bedanshu Shekhar Mishra while being posted as officer in the Punjab and Sind Bank, Khalsa College Branch, North Campus, Delhi University has reportedly misused his official position for carrying out fraud by conducting unauthorized transactions by breaking/liquidating 46 fixed deposit accounts of several customers primarily fixed deposit accounts in the name of SGTB Khalsa College, Delhi University. Thus, he committed fraud and forgery with the bank as well as several account holders of the bank and misappropriated/siphoned public money to the tune of Rs. 52.99 crore entrusted with the bank. It is revealed during the investigation that he has transferred the Proceeds of Crime (POC) amounting to Rs. 24 crore (approx.) to online gaming platforms such as The POC was transferred by the accused to these online gaming companies through various mule accounts arranged by the online platform owners. Earlier, the ED has provisionally attached movable and immovable properties of worth Rs. 2.56 crore of Bedanshu Shekhar Mishra and others associates u/s 5 of PMLA. 2002. Further investigation is under progress UNI GV 1945
India Today
3 days ago
- India Today
ED seizes assets worth Rs 1.5 crore in multi-state raids in online gaming fraud
The Enforcement Directorate (ED) has conducted search operations at seven locations across Delhi, Mumbai, and Bengaluru and seized cash and assets worth Rs 1.5 crore in a money laundering probe linked to an online gaming platform and a case involves a former Punjab and Sind Bank officer, his associates and key individuals connected to the online gaming platform searches, carried out under the Prevention of Money Laundering Act (PMLA), 2002, resulted in the seizure of Rs 39 lakh in cash, multiple mobile phones, SIM cards used in gaming activities and significant digital and documentary evidence. The ED also froze Rs 1.5 crore across 48 mule bank accounts allegedly used by the platform to move illegal investigation stems from a First Information Report (FIR) filed by the Central Bureau of Investigation (CBI), Anti-Corruption Branch, FIR names Bedanshu Shekhar Mishra, a former bank officer at Punjab and Sind Bank's Khalsa College branch of Delhi University, and others under various sections of the Indian Penal Code, Prevention of Corruption Act and IT is accused of misusing his position to fraudulently access and liquidate 46 fixed deposit accounts belonging mainly to Sri Guru Tegh Bahadur Khalsa College. The total defrauded amount stands at Rs 52.99 to the ED, nearly Rs 24 crore of the misappropriated funds were funnelled into online gaming platforms like via a web of mule accounts to conceal the money the ED had attached assets worth Rs 2.56 crore belonging to Mishra and his associates under Section 5 of the PMLA. Further investigations were ongoing to trace the remaining proceeds and uncover links between financial fraud and online betting operations.
