Money laundering probe: ED freezes 60 bank accounts on Brazil\'s request

Money laundering probe: ED freezes 60 bank accounts on Brazil's request

The probe is linked to some high profile people of Brazil

Topics
Enforcement Directorate | bank accounts | Brazil

Press Trust of India 

PMO calls for freezing of shell firms' bank accounts within two weeks
The over 60 bank accounts are held by some individuals and businessmen based in the country

The is understood to have initiated a process to freeze over 60 in the country on the request of the Brazilian government in connection with a money laundering case in that country, offiicials said on Monday.

They said the agency has undertaken the action under the provision of the Prevention of Money Laundering Act (PMLA) in pursuance of a mutual agreement between the two nations to combat financial crimes.

The over 60 are held by some individuals and businessmen based in the country, they said.

The probe, they said, is linked to some high profile people of

The suspected accounts sought to be frozen by the (ED), on behalf of the Brazilian government, are stated to be of banks in Delhi and Mumbai, they added.

Read our full coverage on Enforcement Directorate
First Published: Tue, July 21 2020. 01:16 IST