Bengaluru court convicts father-daughter duo for money laundering

Last Updated:October 14, 2026, 23:00 IST

Representational image (Image: News18)

Bengaluru, Oct 14 (PTI) A special PMLA court in Bengaluru on Wednesday convicted a retired Karnataka Excise Department guard and his daughter on money laundering charges in a case linked to possession of disproportionate assets probed by the ED, officials said.

M Ramchandra, 60, has been sentenced to five years of rigorous imprisonment along with a fine of Rs 5 lakh and his daughter R Yurekha (32) has been handed down three years of rigorous imprisonment along with a fine of Rs 3 lakh under the Prevention of Money Laundering Act (PMLA), they said.

The court also held that five immovable properties of the two be confiscated under the said law.

The Enforcement Directorate (ED) had booked the two in 2009, taking cognisance of a Lokayukta Police complaint stating the disproportionate assets of Ramchandra to be 1.79 crore, which was 171 per cent more than his known source of income (salary).

The daughter has been charged with laundering funds through a company linked to the family, according to the officials. PTI NES KSS

KSS

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – PTI)

Handpicked stories, in your inbox

A newsletter with the best of our journalism

submit

Quick Answers

Powered by

Ask News18

What sentences were given to the father-daughter duo by the Bengaluru special PMLA court?

M Ramchandra was sentenced to five years of rigorous imprisonment with a Rs 5 lakh fine, while his daughter R Yurekha received three years of rigorous imprisonment and a Rs 3 lakh fine.

How much were the disproportionate assets found against M Ramchandra according to the Lokayukta Police?

The Lokayukta Police complaint stated that Ramchandra possessed disproportionate assets amounting to Rs 1.79 crore, which was 171 percent more than his known sources of income.

When did the Enforcement Directorate originally book the father and daughter in the case?

The Enforcement Directorate booked the father and daughter in 2009 after taking cognisance of a Lokayukta Police complaint regarding disproportionate assets.

Powered by

Ask News18

First Published:

October 14, 2026, 23:00 IST

Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.

Read More