Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
The ED Monday said it has attached assets worth over Rs 2 crore in connection with a money laundering case registered against former officials of an Axis Bank branch here and others, post the 2016 demonetisation exercise.
In a statement, the agency said it has issued a "provisional attachment order under the Prevention of Money Laundering Act (PMLA), attaching movable and immovable properties worth Rs 2,95,92,351 of Puneet Jain, Hemraj Singh, Vinod Deshmukh, Rajeev Singh Kushwaha, Mehfooz Khan, Pravesh Kumar Gandhi and others in the Axis bank demonetised currency conversion case".
The Enforcement Directorate (ED) had filed a criminal case in the matter based on an FIR filed by the Delhi Police after it seized Rs 3.70 crore in old notes of Rs 1,000 in 2016.
Demonetisation of old Rs 1,000 and Rs 500 notes was announced by Prime Minister Narendra Modi on November 8, 2016.
"Investigation revealed that on announcement of demonetisation policy, accused Mohit Garg, Nitin Gupta, Vineet Gupta,