A special money laundering court here has ordered freezing of bank accounts of Sudipta Sen, the arrested chairman of Saradha group embroiled in alleged chit fund scam, to allow probe agencies complete investigations against the firm.
Two banks accounts were placed under attachment by Enforcement Directorate (ED) sometime back. The accounts, in Sen’s name in a private bank in Odisha’s Balasore, hold a total amount of Rs27,752.80. The ED, which is investigating the case for alleged money laundering criminalities in the alleged chit fund scheme, suspects this to be “proceeds of crime” and wants these accounts to be kept frozen till the probe is completed.
The Adjudicating Authority of the Prevention of Money laundering Act (PMlA) here, a judicial body to decide on stringent enforcement action like freezing of assets, upheld the preventive action done sometime back by ED’s Kolkata office.