19 Nov 2025 | 5 Mins Read
ED probes 50+ entities over penny stock laundering case
Flipitmoney
More than 50 individuals and firms are being investigated by the Enforcement Directorate (ED) for suspected money laundering through penny stock price manipulation in Mumbai. Notices were served over the past fortnight, asking them to disclose financial information, invoking Section 50 (2) of PMLA. Respective tax paid and penalties previously imposed on them may also be considered.