Hindustan Times ·
Money laundering at Mumbai's United Services Club: ED attaches <span class='webrupee'>₹</span>13.44-crore assets
Money laundering at Mumbai's United Services Club: ED attaches ₹13.44-crore assets
The agency alleged that ₹77 crore was diverted over two decades through dummy vendor accounts and later used to acquire properties and fixed deposits.
The Enforcement Directorate (ED) has attached assets worth ₹13.44 crore in Mumbai, Goa and Madhya Pradesh in a money-laundering investigation into the alleged siphoning of ₹77 crore from the high-profile United Services Club in Colaba.
The attached assets comprise 13 immovable and movable properties including flats, plots, fixed deposits and bank balances, belonging to the club’s former deputy secretary (finance) Bernadette Varma, her husband Bharatkumar Varma, and others under provisions of the Prevention of Money Laundering Act (PMLA).