Snippets Column

ED Raids Multiple Locations in PMLA Probe: Unearths Rs. 90 Cr Transactions, Rs. 78 Lakh Valuables

ED has conducted search operations on 15.12.2023 at various locations in Delhi NCR, Haryana, Chhattisgarh and Maharashtra under PMLA, 2002 against M/s SVOGL Oil Gas & Energy Limited and M/s Max Tech Oil & Gas Services Pvt Ltd. and other connected persons/ entities. During search operations, evidence relating to sham transactions, transactions with shell entities and investments in shares and immovable properties to the extent of Rs. 90 Crore [approx.] have been found. Further,valuables worth Rs. 78 lakh and various incriminating documents/digital records were also recovered and seized.

Naiteek Bhatt

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