The Enforcement Directorate (ED) on Monday said to have issued a 'provisional attachment order' under the Prevention of Money Laundering Act, 2002 (PMLA) attaching movable and immovable properties worth Rs 2,95,92,351 Puneet Jain, Hemraj Singh, Vinod Deshmukh, Rajeev Singh Kushwaha, Mehfooz Khan, Pravesh Kumar Gandhi and others in Axis Bank demonetised currency conversion case."ED initiated an investigation under PMLA against Mohit Garg, Raj Kumar Sharma and Devendra Kumar Jha on the basis of FIR by Delhi Police on the seizure of Rs 3.70 crore in the form of denomination currency note of Rs 1000," said the ED in a statement."Investigation revealed that on the announcement of demonetisation policy accused Mohit Garg, Nitin Gupta, Vineet Gupta, Shobhit Sinha, and Axis Bank officials have used shell companies/firms, namely, M/s Beagle Marketing, M/s Sunrise Trading Co, M/s RD Traders, M/s Himalayan Traders of Rajeev Singh Kushwaha for illegal exchange of demonetised currency of Vinod ...
