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PMC Bank: ED Slaps Money-Laundering Charge, Seizes High-End Cars

The ED on Friday raided six locations in Mumbai and adjoining areas and registered a money-laundering case to probe alleged fraud in the Punjab and Maharashtra Cooperative (PMC) Bank case, officials said. They said the raids were being conducted after a criminal complaint was filed under the Prevention of Money Laundering Act (PMLA) by the central agency.

Updated : 05 October 2019, 09:10 AM