‘CID probing money laundering case’, says DGP

Friday, May 19, 2017

Director General of Police N.Sambasiva Rao addressing the press conference here today said that the Crime Investigation Department is probing the multi crore money laundering case registered at MVP colony police station.

Sambasiva Rao said that they are planning to issue a red corner notice to get the accused arrested. CID officials have identified five persons of Kolkata, New Delhi and West Bengal who made transactions and swindled crores of rupees and are making efforts to nab them.

He said that the Chief Minister is tracking the probe in the scam and promised to give necessary support to the investigating agency. Teams had been sent to different places to arrest the accused, he said. Police identified that 14 shell companies that made the transactions to Canara Bank and another bank and about Rs.680 crore had been transferred on the pretext of importing some products since 2014. As many as 17 accused had been traced in the case so far, he said. It may be recalled [1]

Comment on this story