Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
ED, Mumbai has filed a Prosecution Complaint (PC) before the Hon’ble Special Court (PMLA), Mumbai in a money laundering case of M/s Ess Dee Aluminum Limited on 08.05.2024 against 14 accused i.e M/s.Ess Dee Aluminium Ltd, Sudip Dutta, Ashish Bhattacharya, Jayesh Shah, Hiren Shah and others. The Hon’ble Special Court has taken cognizance of the PC on 13.06.2024
Update / Judgement Date
19 Jun 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Money Laundering (PMLA)
The Directorate of Enforcement (ED), Mumbai Zonal Office filed a Prosecution Complaint (PC) on 08.05.2024 before the Hon’ble Special Court (PMLA), Mumbai in a money laundering case involving M/s Ess Dee Aluminum Limited and 14 accused including Sudip Dutta, Ashish Bhattacharya, Jayesh Shah, and Hiren Shah. \r
The Court took cognizance of the PC on 13.06.2024. The ED initiated the investigation based on an FIR by CBI, STB Mumbai, against Ess Dee Aluminum Ltd. and its Chairman Sudip Dutta, alleging bank fraud of Rs. 338.52 Crore. \r
ED found that the accused inflated balance sheets through fictitious transactions to secure loans, misused funds for personal gains, and had previously attached proceeds of crime totaling Rs. 11.19 Crore as immovable properties.
