Indore PMLA Court Takes Cognisance of ED Chargesheet Against Wadhwanis, Dabang Duniya

Overview

• The Special PMLA Court in Indore took cognisance of the prosecution complaint on January 12, advancing the case to judicial proceedings.
• The Enforcement Directorate has named Kishore, Nitesh and Poonam Wadhwani and Dabang Duniya Publications in its chargesheet under the Prevention of Money Laundering Act.
• Investigators allege cash from Elora Tobacco’s clandestine cigarette sales was booked as newspaper revenue via inflated circulation, fictitious advertisements and fake tax invoices before being layered.
• Identified proceeds exceed Rs 11.66 crore, and assets worth roughly Rs 11.33 crore have been provisionally attached pending further tracing.
• The probe was triggered by an FIR at Indore’s Tukoganj Police Station, with inquiries also flagging press stickers and media ID cards used to dodge checks.