Team Goemkarponn
PANAJI: ED, Panaji (Goa) has provisionally attached 11 immovable properties & 04 movable properties, valued at Rs. 3.77 Crore under the provisions of PMLA, 2002 in the money laundering investigation being conducted against Rahul Balkrishna Shedge and Others allegedly involved in the illegal manufacturing and distribution of narcotic drugs.
Under the terms of the Prevention of Money Laundering Act (PMLA), 2002, the properties of the accused persons engaged in the illicit production and distribution of narcotic narcotics are attached.
The Directorate of Revenue Intelligence (DRI), Mumbai Zonal Unit filed a complaint against Rahul Balkrishna Shedge and 11 others for various NDPS Act, 1985 offences before the Court of the Additional Special Judge for NDPS Cases, Sessions Court, Greater Mumbai. This complaint served as the basis for the ED’s action, according to the information they shared.
According to the ED’s investigation, Rahul Balkrishna Shedge and Anthony Karakutty Paul have a background in chemistry and have been actively involved in the production and sale of illicit narcotic narcotics for a number of years. Ishrat Khan Parmar has a criminal history as well as active involvement in narcotics distribution, according to the ED.
“Funds from unrelated parties, relatives, and unknown sources” were used to conceal the proceeds of crime earned by the aforementioned individuals from the sale of drugs throughout the investigation. This money was then invested in real estate, which was located and temporarily attached under PMLA. The ED continued, “More research is underway.
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