Pmla  

The ED has said that in reply to a red corner notice (RCN) in June 2018, the UK government asked to provide them with intelligence suggesting that Nirav Modi is in the UK. Recently, he was spotted in London

“ED is conducting searches under PMLA (Prevention of Money Laundering Act) at the premises of former chief executive of ICICI Bank Chanda Kochhar and Venugopal Dhoot of Videocon group in Mumbai and Aurangabad respectively,” the ED said

Officials said Karti Chidambaram was summoned to record his statement under the Prevention of Money Laundering Act (PMLA)

 

The Alchemist group’s properties situated at various places like Chandigarh, Panchkula, Derabassi, SAS Nagar (Punjab), Shimla and also bank accounts in HDFC Bank were attached by the ED. The group is linked to TMC MP KD Singh

The plot has been attached under section 5 of PMLA (Attachment of property involved in money-laundering) Act and further investigation is in the process, officials said.

A PMLA court has sought the appearance of the alleged money launderers on September 25 (Nirav Modi) and 26 (Mehul Choksi) respectively under the fugitive economic offender law