ED files case against Abhishek Verma

The Enforcement Directorate has filed criminal complaints under the Prevention of Money Laundering Act (PMLA) against five accused, including businessman Abhishek Verma.

The ED has attached 36 paintings and 17 expensive wristwatches worth several lakhs from Mr. Verma, who is also being probed by the Central Bureau of Investigation in multiple cases. The ED had initiated probe against Mr. Verma and his wife on the basis of a CBI case for allegedly receiving $5,30,000 from Swiss defence firm, Rheinmetall Air Defence AG, through a U.S.-based front company Ganton Limited, to stall the process of its blacklisting by bribing public servants.