look news india
Ahmedabad News: The ED team simultaneously raided seven places in Ahmedabad and Mumbai and seized Rs 13.5 crore in cash. ED took action in the case related to Nashik Merchant Co-operative Bank (NAMCO Bank), Malegaon. 13.5 crore cash found in the back accounts of some youth of Maharashtra, ED took action.
According to the information, an amount of more than Rs 12-15 crore was deposited in the accounts of more than 10 youth in Malegaon Merchant Bank of Nashik. On the other hand, assembly elections were also going on in the state. After the announcement of assembly elections in Maharashtra, the connection of money misappropriation and irregularities has come to light behind the sudden large transaction of deposits in the cooperative bank.
The most important thing was that an amount worth crores was deposited in the bank accounts of businessmen and after getting to the bottom of it, it was found that an amount of Rs 12 to 15 crore was deposited in the accounts of some unemployed youth without their knowledge. The youth were surprised to find such a huge amount of money in the mobile phone at once. After informing the police about this matter, ED started investigating from where the entire cash was siphoned off and its links reached Mumbai and Ahmedabad.
Initial investigation has revealed that transactions worth Rs 125 crore have taken place in the last 15 days. To manipulate this money, bank accounts of such unemployed youth were used by opening more than one trading companies, which the youth were unaware of. The investigating agency suspects that this money might have been sent for election funds. According to the currently available information, Aadhaar and PAN cards were taken from some youth by luring them with the promise of providing them jobs in Malegaon Market Committee and on the basis of their documents, fake bank accounts were opened and crores of rupees were deposited in them.