New Delhi, Feb 2 (SocialNews.XYZ) The Enforcement Directorate (ED) on Wednesday said it has carried out search operations at the residential and business premises of Pawan Kumar Jajodia, a Cuttack-based businessman, in connection with a money laundering case.
This search operation was conducted last month at three places in Odisha's Cuttack.
The ED official said that during the searches, various incriminating documents were seized.
"Documents related to properties and buildings worth Rs 23 crore were seized," said the ED official
The ED initiated money laundering investigation on the basis of the FIR registered by the State Vigilance Cell and EOW of Odisha under section 420 and 120B of IPC against Jajodia.
In the FIR, it was alleged that Jajodia has caused loss to government exchequers to an extent of Rs 21.86 crore by using false billings, using non-existing addresses for firms companies under different names and style and also using fake and untraceable IDs.
Further investigation into the matter is underway.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz