ED Attaches Over Rs 8 Crore Assets of Bengaluru Firm in Ponz

ED Attaches Over Rs 8 Crore Assets of Bengaluru Firm in Ponzi Case


ED Attaches Over Rs 8 Crore Assets of Bengaluru Firm in Ponzi Case
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The Enforcement Directorate (ED) has attached properties worth over Rs 8 crore of a Bengaluru-based company in connection with a money laundering probe against it linked to an alleged multi-crore ponzi or chit fund case, the agency said on Tuesday. An agricultural land, a residential plot, 13 bank accounts and a demat account "held in the name of Ajmera Groups, its partners and others" have been provisionally attached by the probe agency under sections of the Prevention of Money Laundering Act (PMLA).
The ED case stems from an FIR and charge sheet filed against the company and its promoters Tabrez Pasha, Abdul Dastagir, Tabrez Ulla Shariff, Syed Mudasir, Syed Muthahir and Fairoz Khan for "illegally" collecting funds from 1,148 depositors and "failing" to return Rs 29.17 crore. The police case was filed under various sections of the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (KPIDFE) and the Price, Chits and Money Circulating Banning Act of 1978.

Related Keywords

Karnataka , India , Bengaluru , Syed Mudasir , Fairoz Khan , Tabrez Pasha , Syed Muthahir , Tabrez Ulla Shariff , Abdul Dastagir , , Enforcement Directorate , Ajmera Groups , Money Laundering Act , Karnataka Protection , Financial Establishments Act , Money Circulating Banning Act , Adjudicating Authority , கர்நாடகா , இந்தியா , பெங்களூரு , சையத் முடசீர் , தப்ரேஜ் பாஷா , தப்ரேஜ் உல்லா ஷரிஃப் , அப்துல் டாஸ்டாகிர் , அமலாக்கம் இயக்குநரகம் , அஜ்மேற குழுக்கள் , பணம் சலவை நாடகம் , கர்நாடகா ப்ரொடெக்ஶந் , நிதி நிறுவனங்கள் நாடகம் , பணம் சுற்றும் தடை நாடகம் ,

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