Nationwide ED raids on Banks
Post demonetisation, the Enforcement Directorate(ED) has carried out massive raids in 50 branches of various banks across the nation. The purpose of the raids is to ascertain and check up those accounts that have suspicious transaction and violation with regard to the Federal Emergency Management Agency (FEMA) under the Prevention of Money Laundering Act (PMLA). ED has tightened the noose on money exchangers in this regard. It is learnt that Bank employees in a large number are providing assistance to Black money holders depositing unaccounted scrapped notes into banks.
Tags: ED, Banks,
Wed, Dec 07, 2016, 04:04 PM
2018-09-19T20:25:52+05:30
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