The Bengaluru police have registered a First Information Report (FIR) concerning the alleged routing of Rs 92.55 crore in foreign funding through debit cards. The case was initiated based on a complaint filed by an official from the Enforcement Directorate (ED).
ED Searches Reveal Underground Network
According to the complaint, searches conducted by the ED in April uncovered an alleged underground financial network that facilitated the illegal transfer of funds. The investigation revealed that foreign money was being funneled into the country using debit cards, bypassing standard banking regulations.
Details of the FIR
The FIR has been registered under relevant sections of the Indian Penal Code and the Prevention of Money Laundering Act. The police are now working in coordination with the ED to trace the origins of the funds and identify the individuals involved in the scheme.
The development has raised concerns about the misuse of financial instruments for illegal activities. Authorities are expected to take stringent action against those found guilty.
- The total amount involved in the case is Rs 92.55 crore.
- The funds were allegedly routed through multiple debit card transactions.
- The ED has been investigating the matter since April.
Further details are awaited as the investigation progresses.
