Enforcement Directorate, Lucknow Zonal Office registered a case of money laundering on the basis of an FIR registered by Special Task Force (STF) UP Police in the case of multi level marketing/ponzi scheme running at Noida. The searches have resulted in recovery of incriminating documents revealing the offence of money laundering and possession of huge sum of money. The ED has also asked for details of transaction from the related banks which were used by the accused persons. The money trail will be investigated to further ascertain the investments and parking of the tainted money by the accused. The ED is also coordinating with the Income Tax authority as well as Special Task Force (STF) UP.

Source: India Today February 05, 2017 18:11 UTC