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ED Raids Varanium Cloud In ₹40-Crore IPO-Linked Money Laundering Probe; Unearths 150 Shell Firms, Fake KYC Network

The Enforcement Directorate (ED) has carried out search operations at multiple locations in Mumbai on October 29 under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an ongoing Rs 40-crore money laundering probe against Varanium Cloud Ltd, its promoter Harshavardhan Sabale, and associated entities, the agency said on Tuesday.

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