PMLA case: ₹350cr bank ‘fraud’ ED recovers ₹8.5 lakh, $8,600 from Amritsar rice firm premises
The raids were part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA) concerning an alleged bank fraud of ₹350.84 crore. According to an official statement issued by the ED, searches were conducted at six business and residential premises linked to PBRL, its directors and promoters, including Kulwinder Singh Makhni and others. Besides cash and foreign currency,…
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