Crime & Law · India
ED files chargesheet in Panchkula Municipal Corporation fraud case
The Enforcement Directorate (ED) has filed a chargesheet in a Prevention of Money Laundering Act (PMLA) case involving the Municipal Corporation of Panchkula. The ED alleges that a former Deputy Vice President of Kotak Mahindra Bank diverted Municipal Corporation funds through fake accounts. These siphoned funds were allegedly used to purchase luxury vehicles, including a Porsche, BMWs, and Jeeps, as well as watches and properties. The ED has attached assets worth ₹131 crore in connection with the case, which names nine accused.
How outlets across the spectrum covered it
Left 1 · Centre 5 · Right 1 n = 7
- Left (1): The Telegraph (India)
- Centre (5): Mint, Telangana Today, The Free Press Journal, The Print, The Tribune
- Right (1): Punjab Kesari