'Dabba trading': ED attaches over Rs 34-cr worth assets
New Delhi (PTI): Assets worth more than Rs 34 crore have been attached under the anti-money laundering law in a 'dabba trading' case, the Enforcement Directorate (ED) said on Tuesday.
The probe of the federal agency stems from an FIR filed by Indore police (Lasudia police station) in Madhya Pradesh.
Dabba trading refers to an illegal and unregulated form of trading in securities.
The ED said it has issued a provisional order, under the Prevention of Money Laundering Act (PMLA), for the attachment of the properties belonging to a number of accused that includes Vishal Agnihotri, Tarun Shrivastava, Hitesh Agrawal, Dharmesh Rajnikant Trivedi, Srinivasan Ramasamy, Karan Solanki, Dhaval Devraj Jain and their family members.
These persons, according to an ED statement, have been operating multiple entities and platforms such as V Money/VM Trading (Standard Trades Limited), 11Starss, Lotusbook247, 8 Stock Heights, Goldmine, Vertex, Gamebetleague, iBull Capital Ltd, Playbook, TargetFX, World777 apart from some others.
These platforms were allegedly involved in illegal dabba trading and online betting operations, it said.
"Funds collected from investors and participants were routed through mule bank accounts, hawala channels, and cryptocurrency transactions," the ED said.
The agency had conducted searches in this case in December 2024 and in June and July this year in cities like Indore, Bhopal, Mumbai, Chennai and Ahmedabad.
Statements recorded under the PMLA "established" the flow of funds and their utilisation in acquiring assets in the names of promoters, family members, and associated entities, the ED claimed.
It had frozen assets in this case earlier and with the latest attachment order worth Rs 34.26 crore, the total value of seizure/attachment stands at Rs 58.39 crore.
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TMC will be voted back to power in Bengal: Tejashwi Yadav
Patna (PTI): Leader of Opposition in Bihar assembly, Tejashwi Yadav, on Tuesday exuded confidence that the Mamata Banerjee-led TMC will again be voted to power in West Bengal.
Yadav returned to Patna after a four-day poll campaign in West Bengal.
“The atmosphere there is euphoric and people want to bring Didi (Mamata Banerjee) back to power. I am fully confident that the TMC will win the election,” he told reporters here.
He said that a large number of people from Bihar living in West Bengal share a lot of love and respect for Mamata Banerjee.
Responding to BJP’s allegations that the TMC had “ruined” West Bengal during its tenure, the RJD leader said the “entire country has been ruined under the Narendra Modi-led government”.
“I want to ask one question to Modi ji – you have been prime minister for more than 11 years, tell me one thing you have done for Bengal,” Yadav said.
The first phase of elections to the 294-member West Bengal assembly was held on April 23, while the second phase will take place on April 29. Votes will be counted on May 4.
