The Enforcement Directorate (ED) has frozen Rs 6 crore in the bank accounts of five firms during searches conducted in Bengaluru. The action was part of an ongoing investigation into money laundering allegations.
Searches and Seizures
The ED carried out searches at multiple locations in Bengaluru, leading to the freezing of funds. The agencies seized various documents and digital evidence related to the transactions.
Investigation Details
The investigation is focused on alleged financial irregularities involving these firms. The ED suspects that the funds were laundered through a network of shell companies.
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Further inquiries are underway to trace the origin of the money and identify other entities involved.
