Convicted in PMLA case, importer gets 7-yr jail term

Four years after the Enforcement Directorate (ED) arrested K Liakath Ali, city-based importer, for money laundering, the court has convicted and sentenced him to seven years imprisonment and also slapped a fine of Rs 1 crore.

migrator

Published:3rd Nov, 2021 at 12:20 AM

Chennai

He should spend another year behind bars if he failed to pay the fine, said a note from the investigation agency. Ali was arrested in 2017 under the provisions of PMLA for making foreign outward remittance of USD 28 lakh, about Rs 18.66 crore, through Indian Bank, Thousand Light Branch, Chennai. He opened a current account in the name of Galaxy Impex company by submitting forged identity documents and the transfer was done without disclosing the beneficial owner either within the country or abroad, the agency said in the note.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Convicted in PMLA case, importer gets 7-yr jail term

Four years after the Enforcement Directorate (ED) arrested K Liakath Ali, city-based importer, for money laundering, the court has convicted and sentenced him to seven years imprisonment and also slapped a fine of Rs 1 crore.

Also Read

Tirunelveli man gets death penalty for raping, impregnating teen daughter

Amit Shah takes part in BJP's Pongal celebrations in TN

Chronology of events in Delhi riots case involving Umar Khalid, Sharjeel Imam

Mamata says she will move court on Tuesday against 'inhumane' conduct of SIR

Maduro is set to make his first appearance in US courtroom on drug trafficking charges