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The Enforcement Directorate (ED) has made its third arrest in connection with the Malegaon money-laundering probe where the accused allegedly misused bank accounts of Malegaon residents and allegedly withdrew Rs 196 crore in a period of five months. The ED on Thursday arrested Seraj Ahmed Memon, who was previously arrested by Malegaon police. Special Judge AC Daga sent Memon to ED’s custody till December 27.
The agency claimed that Memon and his accomplices used identity documents of Malegaon locals and created shell entities in banks. “These documents were collected by Seraj Ahmed in the guise of giving some financial benefit/job to the complainant and other such persons,” the ED said.
The ED alleges that bank accounts were opened in several banks with these identity documents and money was withdrawn in cash and crores of rupees were remitted outside the country. The ED had previously arrested Bhesaniya Vasim Valimohammed, a Surat-resident, and Nagani Akram Mohammad Shafi in the case.
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