CBI Recovers Rs 94.37 Lakh In Several Raids At 18 Places In Mumbai, Bhopal
NDTV
It was alleged that during 2014-2016, a huge amount was remitted in foreign exchange (Forex) abroad from the accounts of nine entities through eight nationalised banks.
The Central Bureau of Investigation has recovered Rs 94.37 lakh in cash after conducting several raids at 18 places in Mumbai and Bhopal in three cases connected with illegal forex remittances during 2014-2016. Several incriminating documents and electronic gadgets were also recovered.
According to a statement from the probe agency, the agency registered three separate cases against the accused which included private persons, unknown officials of multi-state cooperative societies and unknown public servants.
It was alleged that during 2014-2016, a huge amount was remitted in foreign exchange (Forex) abroad from the accounts of nine entities through eight nationalised banks by submitting fake import documents such as bills of entry, and bills of lading, among others, without any actual trade.
CBI, in the statement released on Friday night, said aspects of Trade-Based Money Laundering (TBML) were enquired bank-wise.
