Dentsu India has clarified the Enforcement Directorate’s (ED) go to to its Mumbai workplace was “restricted to the InDeed enterprise solely.” InDeed was Dentsu’s CSR advisory and consulting follow earlier than it was shut down.
In a press release, Dentsu India mentioned:
In 2021, we recognized suspected fraudulent exercise carried out by third events and a few of InDeed’s former staff in opposition to whom legal complaints have additionally been filed.
Three years in the past, we proactively reported the matter to the related authorities and have been totally co-operating since. It’s in reference to the identical matter that the Enforcement Directorate (“ED”) visited Dentsu India’s workplace in Mumbai on December 10, 2024. The ED has not discovered or seized any properties from Dentsu’s premises.
We take fraud and wrong-doing very severely with a zero-tolerance coverage in direction of any such behaviour. We’ll proceed to co-operate with the authorities.
As per media studies, the ED carried out raids on Tuesday at 19 areas throughout Mumbai, Delhi, and Gurgaon as a part of an ongoing investigation into the Suumaya-Dentsu cash laundering case involving an alleged embezzlement of Rs 137 crore.
The ED’s cash laundering investigation stems from a case initially filed by Worli Police Station in March 2022 in opposition to Dentsu Communications India, Suumaya Industries, and its promoters.
Written with the View : afaqs