New Delhi: Directorate of Enforcement (ED), Chennai Zonal Office has made a major move against G. Ranganathan, the proprietor of Sresan Pharmaceutical Manufacturer, by provisionally attaching his immovable properties worth approx. Rs 2.04 crore under the Prevention of Money Laundering Act (PMLA), 2002.

The provisionally attached properties comprises of two residential flats at Kodambakkam, Chennai owned by G Ranganathan and his family members.

ED initiated investigations under PMLA on the basis of 2 FIRs having scheduled offences.

The FIR was registered by Madhya Pradesh Police against G. Ranganathan, Proprietor M/s Sresan Pharmaceutical Manufacturer under section 105 of Bharatiya Nyaya Sanhita, 2023 (BNS, 2023) (Section 304 of IPC), for manufacturing and selling adulterated cough syr

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