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The ED had on May 4 said that it had frozen assets worth Rs 143 crore of Manappuram Finance Ltd's MD and CEO V P Nandakumar after it conducted raids as part of a money laundering investigation.
'I am reviewing my legal options in this matter,' says V P Nandakumar in a letter to company's Board of Directors
On May 4, Enforcement Directorate (ED) said as a part of its investigation on money laundering; they froze assets worth Rs 143 crore of Manappuram Finance
The Rights Issue Committee of Enbee Trade and Finance Ltd has approved the fund raising of Rs. 48 crores.
A total of six premises in Thrissur, where the company is headquartered, were covered during the searches that were launched on Wednesday.