New Delhi, Mar 4 (UNI) Enforcement Directorate (ED) on Thursday said that it has filed has filed a prosecution complaint against Indian Technomac Company Limited, its Managing Director Rakesh Kumar Sharma, Director Vinay Kumar Sharma and 12 other accused under the Prevention of Money Laundering Act, 2002.
Officials in ED said that investigation was initiated following the registration of FIR by the CID of Himachal Pradesh Police.
The Company by way of criminal activity related to scheduled offences had acquired huge amount of funds of Rs 407.13 crore in form of equity capital infused by promoter companies which was sourced from illegally diverted fund out of loans taken by the Company from various banks.