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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 Gazette
3 days ago
- India Gazette
ED conducts multi-city searches against former Punjab and Sind Bank officer in money laundering case
New Delhi [India], May 31 (ANI): The Directorate of Enforcement (ED) has conducted search operations at seven locations in Delhi, Mumbai, and Bengaluru in connection with an alleged money laundering case against former Punjab and Sind Bank officer Bedanshu Sekhar Mishra and his associates and key management persons of gaming platform Mishra, posted at the bank's branch in Delhi University's north campus, was suspended in November 2022 after the alleged fraud came to light. During the search operations, cash amount of Rs 39 Lakh along with various incriminating material including digital evidences, multiple mobile phones and Sim cards being used for online gaming, etc. were recovered and seized, the ED in a 'X' post on Saturday. Further, during the search proceedings, ED has frozen total amount of Rs 1.5 Crore in 48 mule accounts being used by the gaming platform. the post further said. 'ED, Delhi Zonal Office has conducted search operations on 29.05.2025 at 7 locations at Delhi, Mumbai and Bengalore in an ongoing investigation under the provisions of PMLA, 2002 against Bedanshu Sekhar Mishra, the then officer in the Punjab & Sind Bank, his associates and key management persons of gaming platform44 it said. The ED case, filed under the provisions of the Prevention of Money Laundering Act (PMLA), stems from a CBI FIR. It is alleged that the fraud took place in 2021-22. ED investigation revealed that the main accused, Mishra, while being posted as the officer during 2021 and 2022, in the branch office of Punjab and Sind Bank at Khalsa College in Delhi University's north campus has reportedly misused his official position and carried out fraudulent transactions by using system ID's of himself and other staff members unauthorizedly to break the fixed deposits (FDs) of several customers, including SGTB Khalsa College of Delhi University, without their knowledge. He committed fraud and forgery with the bank as well as with those account holders of the bank, and misappropriated and siphoned public money to the tune of Rs 52,99,53,698, the ED had said. After the detection of the fraud, the accused, Mishra, was suspended by the bank. The ED investigation also revealed that Mishra has used the proceeds of crime for playing online games such as monopoly, poker, teen-patti etc., on different online gaming websites such as and Betway. The proceeds of crime (POC) generated out of the aforesaid crime were mainly transferred by him to the online gaming companies by routing through various current accounts of different business entities. (ANI)
