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.
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Fire in coach of New Delhi-Chennai express train; no casualty
Nagpur (PTI): A coach of the New Delhi-Chennai Grant Trunk Express caught fire in Maharashtra's Wardha district on Tuesday morning, railway officials said.
There were no casualties, they said.
Train 12616 New Delhi-Chennai (Tambaram) Grant Trunk Express left from Nagpur in the morning. While it was heading towards Sindi railway station in Wardha, smoke was detected in the last guard coach of the train at 11.09 am, Central Railway spokesperson Sanjay Muley told PTI.
The train was stopped on the Sindi-Tuljapur section, the affected coach was detached immediately, and the fire brigade was called, he said.
All passengers in the train and the coach concerned were safe, the official said.
The cause of the fire will be known after a detailed investigation.
The train will resume its journey in some time without the affected coach, the official added.
