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US Deports SRS Group Co-Founder to India in ₹2,200 Crore ED Money-Laundering Case

The case stems from an ED money-laundering probe tied to 81 FIRs alleging a ₹2,200 crore fraud.

Overview

  • Praveen Kumar Kapoor was denied entry at Newark airport, had his B1/B2 visa cancelled by US authorities, and was deported to New Delhi on November 2.
  • He was intercepted on arrival in India based on an ED lookout circular issued by the agency’s Gurugram office.
  • An Interpol Red Notice requested by the ED preceded the denial of entry and the deportation action.
  • A provisional attachment order worth ₹2,215.98 crore has been issued as part of the ED’s proceedings.
  • The Special PMLA Court has taken cognisance of the prosecution complaint, charges are being framed, and efforts continue to secure the return or extradition of the two other absconding promoters.