Kolkata Sessions Court Acknowledges ED’s Prosecution Complaint Against Met Technologies Director

Kolkata Sessions Court Acknowledges ED's Prosecution Complaint Against Met Technologies Director

VoM News Desk | November 18, 2023 | 06:52 PM IST | Uttar Pradesh | Follow on Google News

Kolkata Sessions Court Acknowledges ED’s Prosecution Complaint Against Met Technologies Director

Kolkata Sessions Court Acknowledges ED’s Prosecution Complaint Against Met Technologies Director

The Kolkata Sessions Court has taken cognizance of the Enforcement Directorate’s (ED) prosecution complaint against Kunal Gupta, Director of M/s Met Technologies Pvt Ltd, and eight others for money laundering.

Key Aspects of the ED’s Prosecution Complaint

• Alleged Offences: The complaint seeks punishment for money laundering and the confiscation of proceeds of crime worth Rs 67.33 Crore.
• Initiation of Investigation: Based on an FIR by Bidhannagar Police, the ED began probing charges of cheating, forgery, and criminal conspiracy under the IPC against the company and its associates.
• Illegal Call Centre Operations: Investigations revealed the company ran an illegal call center in Salt Lake, Kolkata, engaging in fraudulent domestic and international activities.
• Modus Operandi: Accused individuals allegedly posed as representatives of legitimate businesses to defraud victims in the USA, UK, and Australia through fake tech support, deceptive website sales, and sham loan offers.

Kunal Gupta’s Alleged Involvement

• Role as Mastermind: Gupta is accused of orchestrating the operation of fake call centers and participating in illegal betting and online gambling.
• International Entities: He established companies in the UK, US, and Australia, with two UK-based companies being penalized by Ofcom for illegal telecom practices.

Financial Laundering and Asset Seizure

• Laundering Tainted Money: The ED’s investigation indicated that the illicit funds were laundered through a network of companies and funneled into the hospitality sector.
• Assets and Seizures: Gupta’s arrest led to the seizure of cash and property documents worth approximately Rs 52.06 Crore. The ED also issued a provisional attachment order for assets worth Rs 67.23 Crore.

Ongoing Investigation

The investigation into the case continues, with further developments expected in unraveling the extent of the alleged money laundering network and illegal activities.

VoM News Desk

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