Gujarat Exclusive > National-World > ED freezes PFI’s bank accounts on money laundering charges

ED freezes PFI’s bank accounts on money laundering charges

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New Delhi: The bank accounts of Popular Front of India (PFI) have been frozen by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act.

PFI has been under scanner of agencies tracking terror cases.

As many as 23 bank accounts of the organisation with collective balance of Rs 59,12,051 as well as 10 of its front organisation Rehab India Foundation with balance of Rs 9,50,030 have been attached “provisionally”, as per a statement by the ED.

“Investigation revealed that PFI was covertly mobilizing funds through well-organized network in Gulf countries as part of criminal conspiracy and these proceeds of crime were secretly and clandestinely sent to India through underground & illegal channels and by way of foreign remittances into the bank accounts…” the agency added.

Earlier this month, the ED filed a charge sheet against two PFI leaders Abdul Razzak and Ashraf MK for money laundering to the tune of Rs 22 crore.

As per a statement by the ED then, the accused and others leaders were developing a residential project in Munnar in Kerala “with a motive to launder money collected from foreign countries as well as within the country and to generate funds for PFI to finance its radical activities”.

The ED had said at that time that the “proceeds of crime” had been parked in the project and had been “projected as untainted”.

 

 

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