ED attaches properties worth Rs 207cr in money laundering case
By IANS |
Published on
Mon, Jan 25 2021 15:57 IST |
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ED raids 5 locations of UP ex-MLC in illegal sand mining case. Image Source: IANS News
New Delhi, Jan 25 : The Enforcement Directorate (ED) on Monday said it has attached properties to the tune of Rs 207 crore of Disc Assets Lead India Limited, Eagles Eye Real Estates and Meadow Realtors, and the firms key managerial persons in connection with its money laundering probe.
The official said that attached properties include 1,081 immovable properties measuring around 3,850 acres of land located in Tamil Nadu s Madurai, Ramanathapuram and Chennai worth Rs 207 crore under the provisions of the Prevention of Money Laundering Act (PMLA) in a case related to defrauding public in the guise of investment.
ED attaches assets worth Rs 207 crore in case related to defrauding public ANI | Updated: Jan 25, 2021 23:26 IST
Chennai (Tamil Nadu) [India], January 25 (ANI): In a financial fraud-related case, the Directorate of Enforcement (ED) on Monday attached over 1000 immovable properties worth Rs 207 crore belonging to a private company under the Prevention of Money Laundering (PMLA) Act.
As per an official release, ED provisionally attached a total of 1081 immovable properties measuring around 3850 acres registered in the names of Disc Assets Lead India Limited, Eagles Eye Real Estates, Meadow Realtors, and its key managerial persons under PMLA provisions in a case related to defrauding the public in the guise of investment.