New Delhi, Jan 21 (UNI) Enforcement Directorate (ED) on Thursday said that it has filed a prosecution complaint against PVS Sarma, director of Sanket Media Private Limited, in connection with a money-laundering case.
The probe agency issued a provisional attachment order under Prevention of Money Laundering Act (PMLA), 2002 on identification of ‘Proceeds of Crime’ worth Rs 2.70 crores, held in the name of the company, PVS Sarma and his family members on January 4 and the accused Sarma was arrested by the agency on November 26 last year for his involvement in the offense of money laundering and has been still in Judicial Custody.
The Central financial probe agency initiated investigation on the basis of FIR registered by Gujarat State Police (Umra Police Station, Surat) under sections 465,468,471,420 and 120B of the Indian Penal Code 1860 pursuant to investigation conducted by the Income Tax Department against Sarma and his company.