The officials from the Directorate of Enforcement provisionally attached under the Prevention of Money Laundering Act-2002 assets worth ₹134.02 crore in the form of 1,000 Non-Convertible Redeemable Preference Shares of KFin Technologies Ltd.. The shares were held in the name of Adhiraj Parthasarathy, son of C. Parthasarathy, the CMD of Karvy Stock Broking Ltd.. ED had initiated a probe following …
The Enforcement Directorate has alleged that the senior management of the Karvy Group had designed a complex web of transactions to misuse the securities of their clients for raising loans fraudulently. The agency has arrested Karvy Group's chairman-cum-managing director Comandur Parthasarathy and chief financial officer G. Krishna Hari on money laundering charge. It is alleged that the clients’ securities were …
The Enforcement Directorate has conducted searches at six locations linked to Karvy Stock Broking Limited in connection with bank fraud cases involving ₹2,873 crore. It has also issued an order freezing Karvy group shares worth ₹700 crore held directly or indirectly by the KSBL chairman-cum-managing director and others. According to the ED, KSBL had not reported the Depository Participatory account …
