Bengaluru: The Enforcement Directorate (ED), Bengaluru has attached movable properties worth Rs 5.10 crore of some private persons and companies in a case of fraud with the Indian Overseas Bank (IOB) and Karnataka Rural Infrastructure Development Corporation (KRIDL) under the Prevention of Money Laundering Act, 2002. The ED had initially registered a case under PMLA against the accused people and companies – Abdul Salam, Cijo K. Jose, Sunil Mon, Jerry Paul, Charm Trading, Abhishek Enterprises, Danka Trading Pvt. Ltd and Angel Enterprises, based on an FIR registered in Suratkal, Mangaluru. According to the complaint, the fixed deposits of KRIDL were siphoned off by some IOB officials and the accused people, who had “conspired and cheated” the bank by opening a fraudulent account in the name of KRIDL by submitting forged documents to the IOB and thereafter transferring the amount to various accounts in Mumbai and other places. The public money (FDs of KRIDL), which was siphoned off by the accused in connivance with some bank officials, was used for personal use causing wrongful loss to the bank and KRIDL.
The ED has attached Rs 5,10,15,650, which was held in the name of the accused. Of this amount, the Suratkal police had earlier seized Rs 97, 39,340 from Salam, Jose, Mon and Paul, said official sources.
