TIL Desk/Business/New Delhi/ In connection with its ongoing probe into the Axis Bank demonetised currency case, the Enforcement Directorate (ED) on Monday said that it has attached movable and immovable properties worth Rs 2.95 crore belonging to Puneet Jain, Hemraj Singh, Vinod Deshmukh, Rajeev Singh Kushwaha, Mehfooz Khan, Pravesh Kumar Gandhi and others.
The ED in a statement said that the properties were attached provisionally under the Prevention of Money Laundering Act. The agency has registered a case on the basis of a case registered by Delhi Police after it had seized Rs 3.70 crore in the form of demonetised Rs 1,000 crurrency notes.
The statement said that during investigation it was revealed that following the November 2016 demonetisation announcement, the accused Mohit Garg, Nitin Gupta, Vineet Gupta, Shobhit Sinha and Axis Bank officials used the shell companies – Beagle Marketing, Sunrise Trading Co, R. D. Traders, Himalayan Traders – of Rajeev Singh Kushwaha for illegal exchange of the demonetised currencies of Vinod Deshmukh, Puneet Jain, Hemraj Singh, Pravesh Kumar Gandhi and others.
