Shakti bhog foods limited - Latest News Update, Information, Photos & Videos on Shakti bhog foods limited at Lokmat Times

New Delhi, July 5 The Enforcement Directorate (ED) on Monday said that it has arrested Kewal Krishan Kumar, Chairman and Managing Director (CMD) of Shakti Bhog Foods Limited in connection with a money laundering case after searches at nine locations in Delhi and Haryana.An ED official said that the financial probe agency arrested Kumar from Delhi on Sunday under the sections of Prevention of Money-laundering Act.Searches were carried out at nine premises located in Delhi and Haryana.The official said that during searches various incriminating documents and digital evidence have been recovered.The ED has registered a money laundering case on the basis of an FIR registered by the CBI against Kumar and unknown others, for criminal conspiracy, cheating and criminal misconduct.The ED said that the allegations against Kumar include diversion of funds from loan accounts by round tripping of funds through related entities and siphoning of funds was being done by way of suspicious sale or purchase from various entities.The official said that after his arrest, Kumar was produced before the Special Court on Sunday which sent him to ED custody till July 9.The official said that the Court noted that in the considered opinion, the court remand of Kumar was necessary and justified for fair and complete investigation of the matter.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Shakti Bhog Foods LimitedFOLLOW

Shakti bhog foods limited, Latest News

National :Delhi HC grants bail to Shakti Bhog Foods' CMD in money laundering case

New Delhi, March 17 The Delhi High Court on Friday granted bail to Kewal Krishan Kumar, Chairman & ... ...

National :ED attaches assets worth Rs 2.14cr in PMLA case

New Delhi, June 9 The Enforcement Directorate (ED) on Thursday said it has provisionally attached various immovable and ... ...

National :Shakti Bhog Foods cheating case: ED arrests two accommodation entry providers from Delhi

The Enforcement Directorate (ED) has arrested two accommodation entry providers in connection with its money laundering probe in Shakti Bhog Foods Limited bank fraud case estimated at around Rs 3,269.42 crore, the agency said on Friday. ...

International :ED arrests Shakti Bhog Foods Ltd CMD Kewal Krishan Kumar

New Delhi, July 5 The Enforcement Directorate (ED) on Monday said that it has arrested Kewal Krishan Kumar, ... ...