Hyderabad: The Directorate of Enforcement (ED) has captured the Karvy Shares of Proking Chair and Managing Director (CMD) C Parthasarathy for allegedly washing money.
When the agency decided to find detainees, he was taken from Bengaluru and nested in a city prison, said Sumber Ed.
Ed had ordered a case under the prevention of money laundering Law (PMLA) based on the first information report (FIRS) registered by Central Crime Station, Hyderabad.
Ed has investigated the rudgo of the crime of hundreds of crores in fraud.
In one of the cases, the police accused the management of Karvy to take advantage of the 137 Crore credit facility by ensuring client securities with Bank Indusind.
The client effect, without their consent, transferred to the Karvy company account and promised the bank.
The investigation found that carvies have turned into defaulters and divert funds to the company of a sister.
Parthasarathy is also the Director of Karvy Reality (India) Private Limited.
ED previously issued a sequence of freezing shares accused, worth around 700 crores in accordance with the assessment report, in carvy fraud.
Ed said that the total loan taken by Karvy was estimated at around 3,000 crores.
Prima Facie investigation revealed 1,096 crore transferred by KSBL to the Karvy Realty Group Company (India) Ltd.
Between 2016 and 2019.
Ed Probe also found removal of files and emails from the server using anti-forensic tools under the main accusation instructions.
.
Ed had previously conducted a search on Six Karvy Stock Broking Location Limited and freezes the shares of the carvy group held by Parthasarathy, his son Rajat and Adhiraj Parthasarathy.
ED has also issued ECIR under PMLA based on the firs by police CCS about complaints HDFC Bank accused that the KSBL illegally promised its client’s securities and took a loan from 329 Crore.
The Hyderabad police have also ordered Karvy Director for allegedly deceiving Indusin Bank of 137 Crore, while Cyberabad police have registered other firs to deceive Bank Icici from 562 Crores.