ED raids Manappuram Finance premises in Kerala on money laundering charges
New Delhi/Kochi (PTI): The Enforcement Directorate on Wednesday conducted searches at multiple premises linked to non-banking finance company Manappuram Finance in Kerala as part of a money laundering investigation against it, official sources said.
They said the raids are being undertaken to gather evidences related to allegations of collecting public deposits worth over Rs 150 crore by the company in contravention of Reserve Bank of India (RBI) guidelines.
A total of four premises, including the headquarters of the company in Thrissur and those of its promoters are being searched, they said.
An email sent to the company did not elicit an immediate response.
The agency, according to sources, suspects "large-scale" cash transactions by the company and is looking at gathering documents and recording statements of the company executives in this context.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
US Embassy advises Americans to reconsider Hajj travel
Riyadh: The United States Embassy in Saudi Arabia has advised American citizens to reconsider travel to the country, including participation in the annual Hajj pilgrimage, amid the ongoing regional conflict.
In a travel advisory, the embassy urged US nationals to exercise caution and review their plans in light of the current security situation.
It specifically advised Americans to reconsider “participation in Hajj this year” to the holy city of Mecca.
