ED gets nod to seek Spain's help in rRs.r5,000-crore OctaFX probe
India, July 14 -- A special Prevention of Money Laundering Act (PMLA) court on Monday allowed the Enforcement Directorate (ED) to seek assistance from Spanish authorities in enforcing attachment of overseas assets and gathering evidence in the alleged Rs.5,000-crore OctaFX money laundering probe.
Special judge D.D. Kurulkar allowed the agency's plea for issuance of a Letter of Request (LoR) to the competent Spanish authority after noting that properties, records, documents and other evidence relevant to the probe were located there.
The court observed that assistance from Spanish authorities was necessary to execute attachment orders and gather evidence, holding that the ED's request "deserves to be allowed".
According to the ED, Russi...
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