Recently, the public is surfing the internet to know about Roop Bansal who was recently arrested. Everyone is surfing the internet to know more about this arrest and not only that, they are also surfing the internet to know about him. Many people also went through the internet to find out the reason for his arrest as this was very shocking to everyone. In this article, we are going to give the information about it. Not only that, we are also going to give the details about his arrest in this article to our readers. So, keep reading the article to know more.
M3M owner Roop K Bansal arrested
This comes after the ED registered seven properties owned by real estate firms IREO Group and M3M Group in Delhi and Gurugram. In a case related to the Money Laundering Prevention Law (PMLA), the Execution Directorate (ED) has arrested Roop Bansal, the promoter of the real estate M3M. This comes after the ED registered seven properties owned by real estate firms IREO Group and M3M Group in Delhi and Gurugram. Officials claim the companies were under investigation for allegedly diverting, diverting and embezzling funds. IREO Group and M3M Group were found to have laundered more than Rs 400 crore, according to the ED.
It is worth mentioning that IREO Group has been the target of numerous FIRs, prompting an ED investigation. The financial investigation agency also claimed that the M3M group was used to launder hundreds of crores of money. “ED investigations revealed that M3M Group obtained around Rs 400 crore from IREO Group in one of the transactions through numerous multi-layer shell companies. The transaction was recorded in the IREO’s books as payments for development rights, according to the coordinating body. The ED also stated that the M3M group owned the land, which had a market value of around Rs 4 crore.
“M3M Group first paid five shell companies a total of Rs 10 crore for the development rights to the aforementioned land. It was claimed that there is no connection between the businesses. Investigations have shown that the M3M Group ran the five fake companies. After that, it is claimed that five shell companies sold the development rights to the same site to the IREO Group for around Rs 400 crore. The IREO Group awarded the shell companies Rs 400 crore, which they quickly moved using various layers to the M3M Group, according to the agency.
Categories: Trending
Source: vtt.edu.vn