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Informative

ED Probes Bhopal Firm under PMLA for Inflating Turnover 100× to Avail ₹1,266 Crore from SBI

Update / Judgement Date

07 Aug 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingMoney Laundering (PMLA)

The ED is probing a Bhopal firm under the PMLA for allegedly "inflating its turnover by 100% to avail ₹12.66 crore from SBI." The investigation highlights the increasing scrutiny of bank frauds and the use of the PMLA to crack down on such financial crimes. This is a crucial reminder to businesses that they must maintain accurate records and be transparent in their financial dealings.