• Latest
  • Trending
  • All
  • India
  • Business
  • Politics
  • World
  • Lifestyle
  • Technology
Who Are M3M Promoters Basant Bansal And Roop Bansal Arrested In Money Laundering Case Of Rs 400 Crore?

Who Are M3M Promoters Basant Bansal And Roop Bansal Arrested In Money Laundering Case Of Rs 400 Crore?

June 15, 2023
Why saving 30% of your income isn't always possible, CA explains

Why Saving 30% Of Your Income Isn’t Always Possible, CA Explains

June 27, 2025
Sagar Wali Qawwali on modernising qawwali to appeal to Gen Z: I present qawwali the way I understand music

Sagar Wali Qawwali On Modernising Qawwali To Appeal To Gen Z: I Present Qawwali The Way I Understand Music

June 27, 2025
Rekha's regal look to Janhvi Kapoor in classic suit: Stars show how to rock latest anarkali styles at Umrao Jaan event

Rekha’s Regal Look To Janhvi Kapoor In Classic Suit: Stars Show How To Rock Latest Anarkali Styles At Umrao Jaan Event

June 27, 2025
Nothing Phone 3 has 50MP periscope camera, Nothing confirms ahead of July 1 launch

Nothing Phone 3 Has 50MP Periscope Camera, Nothing Confirms Ahead Of July 1 Launch

June 27, 2025
ICC defines exact powerplay overs in shortened T20s after Test rules overhaul

ICC Defines Exact Powerplay Overs In Shortened T20s After Test Rules Overhaul

June 27, 2025
Tensions in UP's Etawah over tonsuring row: stone pelting on cops, 19 detained

Tensions In UP’s Etawah Over Tonsuring Row: Stone Pelting On Cops, 19 Detained

June 27, 2025
'One country wanted no reference to terror': Jaishankar backs Rajnath's SCO move

‘One Country Wanted No Reference To Terror’: Jaishankar Backs Rajnath’s SCO Move

June 27, 2025
Annamalai to get national role, but continue work in Tamil Nadu, says Amit Shah

Annamalai To Get National Role, But Continue Work In Tamil Nadu, Says Amit Shah

June 27, 2025
Diljit Dosanjh reacts to criticism of speaking only about Punjab, not India

Diljit Dosanjh Reacts To Criticism Of Speaking Only About Punjab, Not India

June 26, 2025
Nora Fatehi's Androgynous Beige Suit Is Here To Stay And Slay The Paris Fashion Week

Nora Fatehi’s Androgynous Beige Suit Is Here To Stay And Slay The Paris Fashion Week

June 26, 2025
Shubman Gill will only get better as Test captain: Chappell backs India skipper

Shubman Gill Will Only Get Better As Test Captain: Chappell Backs India Skipper

June 26, 2025
Intel to lay off most employees as it winds down automotive division in latest downsizing push

Intel To Lay Off Most Employees As It Winds Down Automotive Division In Latest Downsizing Push

June 26, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 27, 2025
No Result
View All Result
Daily News Broadcast India
  • India
    • All
    • Politics
    Tensions in UP's Etawah over tonsuring row: stone pelting on cops, 19 detained

    Tensions In UP’s Etawah Over Tonsuring Row: Stone Pelting On Cops, 19 Detained

    'One country wanted no reference to terror': Jaishankar backs Rajnath's SCO move

    ‘One Country Wanted No Reference To Terror’: Jaishankar Backs Rajnath’s SCO Move

    Annamalai to get national role, but continue work in Tamil Nadu, says Amit Shah

    Annamalai To Get National Role, But Continue Work In Tamil Nadu, Says Amit Shah

    At UN Security Council, India Exposes Pak For Terrorism, Child Rights Abuses

    At UN Security Council, India Exposes Pak For Terrorism, Child Rights Abuses

    Maharashtra Government Announces Reduction In Power Tariffs

    Maharashtra Government Announces Reduction In Power Tariffs

    Who said it? Karnataka Home Minister's U-turn after 'we have no money' remark

    Who Said It? Karnataka Home Minister’s U-turn After ‘We Have No Money’ Remark

    India evacuates nearly 3,000 nationals from Iran and Israel

    India Evacuates Nearly 3,000 Nationals From Iran And Israel

    India debunks social media claims that US used its airspace to launch strikes against Iran

    India Debunks Social Media Claims That US Used Its Airspace To Launch Ctrikes Against Iran

    Jagan’s vehicle ‘crushes YSRCP supporter’ who was showering petals, Andhra police begin probe as video goes viral

    Jagan’s Vehicle ‘Crushes YSRCP Supporter’ Who Was Showering Petals, Andhra Police Begin Probe As Video Goes Viral

    PM Modi speaks with Iran President Masoud Pezeshkian, reiterates call for ‘immediate de-escalation, dialogue’

    PM Modi Speaks With Iran President Masoud Pezeshkian, Reiterates Call For ‘Immediate De-escalation, Dialogue’

    Trending Tags

    • Politics
  • Entertainment
    Sagar Wali Qawwali on modernising qawwali to appeal to Gen Z: I present qawwali the way I understand music

    Sagar Wali Qawwali On Modernising Qawwali To Appeal To Gen Z: I Present Qawwali The Way I Understand Music

    Diljit Dosanjh reacts to criticism of speaking only about Punjab, not India

    Diljit Dosanjh Reacts To Criticism Of Speaking Only About Punjab, Not India

    Uorfi Javed's sister Dolly slams Sufi Motiwala for verbally abusing sister on The Traitors: ‘You're such a hypocrite’

    Uorfi Javed’s sister Dolly slams Sufi Motiwala for verbally abusing sister on The Traitors: ‘You’re such a hypocrite’

    Diljit Dosanjh's Sardaarji 3, Featuring Hania Aamir, Skips India Release Amid Tensions With Pakistan

    Diljit Dosanjh’s Sardaarji 3, Featuring Hania Aamir, Skips India Release Amid Tensions With Pakistan

    Jennifer Lopez and Ben Affleck Are Expected to Divide the Profits From a $68 Million Los Angeles Mansion That Remains Unsold After Six Months

    Jennifer Lopez and Ben Affleck Are Expected to Divide the Profits From a $68 Million Los Angeles Mansion That Remains Unsold After Six Months

    Kareena Kapoor Will Pay Tribute to Her Grandfather Raj Kapoor at Iifa 2025, Describing the Occasion as a “Surreal Moment.”

    Kareena Kapoor Will Pay Tribute to Her Grandfather Raj Kapoor at IIFA 2025, Describing the Occasion as a “Surreal Moment.”

    Saif Ali Khan and Kareena Kapoor Request That Paparazzi Refrain From Taking Photographs of Their Children, Taimur and Jeh, in Light of Recent Security Measures

    Saif Ali Khan and Kareena Kapoor Request That Paparazzi Refrain From Taking Photographs of Their Children, Taimur and Jeh, in Light of Recent Security Measures

    Rakhi Sawant Has Confirmed Her Third Marriage to Pakistani Actor Dodi Khan. “We Have a Mutual Affection for One Another.”

    Rakhi Sawant Has Confirmed Her Third Marriage to Pakistani Actor Dodi Khan. “We Have a Mutual Affection for One Another.”

    The Controversy Surrounding Chhaava: What Was the Objection to Vicky Kaushal’s Film?

    The Controversy Surrounding Chhaava: What Was the Objection to Vicky Kaushal’s Film?

    ‘Explosion Explosion Bumrah!’: Coldplay’s Tribute to Jaspreet Bumrah in Ahmedabad Concert Captures Hearts

    ‘Boom Boom Bumrah!’: Coldplay’s Tribute to Jaspreet Bumrah in Ahmedabad Concert Captures Hearts

  • Lifestyle
  • Sports
  • Business
  • Technology
  • World
  • Videos
  • Covid19
  • Opinion
DNB india
No Result
View All Result
Home India

Who Are M3M Promoters Basant Bansal And Roop Bansal Arrested In Money Laundering Case Of Rs 400 Crore?

by DNB ind News Desk
June 15, 2023
in India
0
Who Are M3M Promoters Basant Bansal And Roop Bansal Arrested In Money Laundering Case Of Rs 400 Crore?
6
SHARES
18
VIEWS
Share on FacebookShare on TwitterShare to Whatspp

The IREO Group has been the target of numerous FIRs, which prompted the ED to look into the situation.

New Delhi: The Enforcement Directorate (ED) has taken another big action in the money laundering case by arresting Basant Bansal. Days before, the ED arrested Bsant’s brother, Roop Bansal in the same case. The company is under investigation by the ED for allegedly misappropriating, syphoning, and diverting funds. The M3M Group and the IREO Group have been caught laundering more than Rs 400 crore, according to the agency. 

What Is The Matter?

The IREO Group has been the target of numerous FIRs, which prompted the ED to look into the situation. The agency then asserted that M3M Group was used to syphon off a sizable sum of money, amounting to hundreds of crores.

What ED Says?

The ED claimed that IREO Group paid M3M Group Rs 400 crore through a number of shell firms and numerous layers, which the latter claimed to have earned through development rights.

The M3M Group owned the land, which had a market worth of Rs 4 crore. For a price of Rs 10 crore, it sold five phoney firms with no apparent connection to the lands’ rights. The shell businesses were run by M3M Group, according to further inquiry into the subject, the agency claimed. 

The development rights to the same site were afterward sold by the shell firms to IREO Group for roughly Rs 400 crore, and the money was subsequently transferred. The shell firms transferred the money to M3M Group after receiving it.

According to the agency, the companies stole Rs 400 million from consumers and investors, while the M3M Group kept the proceeds of the crime and used them to fund other projects and settle debts.

Who Are Basant Bansal And Roop Bansal?

Basant Bansal is the founder and driving force behind M3M Group, according to the m3m website. According to the website, Roop Bansal’s inclusive and forward-thinking mindset has been the catalyst for M3M Group’s explosive expansion.

Related

Tags: Basant BansalEDEnforcement DirectorateM3M Promotersmoney launderingRoop Bansal
Share2Tweet2Send
DNB ind News Desk

DNB ind News Desk

  • Trending
  • Comments
  • Latest
Yamaha MT-15 V2.0 launched in India, priced at Rs 1.60 lakh

Yamaha MT-15 V2.0 launched in India, priced at Rs 1.60 lakh

April 12, 2022
Shilpa Shetty to Tejasswi Prakash, These Stars Live Life Queen Size

Shilpa Shetty to Tejasswi Prakash, These Stars Live Life Queen Size

April 15, 2022
Saina Nehwal’s CWG and Asian Games title defense under threat due to THIS reason

Saina Nehwal’s CWG and Asian Games title defense under threat due to THIS reason

April 12, 2022

COVID-19 update: India records 7,579 new cases, 236 deaths in last 24 hours

0

Team India vice-captain Cheteshwar Pujara to carry ‘fearless mindset’ from England into NZ Tests

0

Breaking: Andhra Pradesh Assembly passes resolution, asks Centre for caste-based census of backward classes

0
Why saving 30% of your income isn't always possible, CA explains

Why Saving 30% Of Your Income Isn’t Always Possible, CA Explains

June 27, 2025
Sagar Wali Qawwali on modernising qawwali to appeal to Gen Z: I present qawwali the way I understand music

Sagar Wali Qawwali On Modernising Qawwali To Appeal To Gen Z: I Present Qawwali The Way I Understand Music

June 27, 2025
Rekha's regal look to Janhvi Kapoor in classic suit: Stars show how to rock latest anarkali styles at Umrao Jaan event

Rekha’s Regal Look To Janhvi Kapoor In Classic Suit: Stars Show How To Rock Latest Anarkali Styles At Umrao Jaan Event

June 27, 2025
Daily News Broadcast India

Copyright © 2023 Daily News Broadcast India.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • India
    • Politics
    • Business
    • World
  • Entertainment
    • Sports
  • Covid19
  • Business
  • Technology
  • Lifestyle

Copyright © 2023 Daily News Broadcast India.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?