News > ED arrests partner of Injaz International firm for money laundering
ED arrests partner of Injaz International firm for money laundering
The Hindu | 18/11/2022 09:03 AM | Click to read full article
The ED initiated money laundering investigation on the basis of an FIR registered against Injaz International and Associated Group located in Bengaluru under sections of Prize Chits and Money Circulation Schemes (Banning) Act, 1978 and Chit Funds Act, 1982 and under cheating by Wilson Garden Police Station, Bengaluru.The money was routed through multiple bank accounts and had neither filed any ITR returns nor done any audits.
