The Directorate of Enforcement (ED) has attached immovable properties of Saravana Stores (Gold Palace) Chennai amounting to Rs 66.93 crore in relation to a money laundering case for the alleged defrauding of Axis Bank.
These assets included bank balances worth Rs 12.15 lakh and immovable assets worth Rs 46 lakh and were attached under the Prevention of Money Laundering Act, 2002 (PMLA), according to a statement from the agency.
Cash, jewellery, flats, coal washeries and plots belonging to arrested Chhattisgarh government bureaucrats like IAS officer Sameer Vishnoi, Chief Minister Bhupesh Baghel's Deputy Secretary Saumya Chaurasia, and others have been attached in the alleged coal levy scam money laundering case, th
This case was initiated on the basis of first information report (FIR) registered by Haryana Police against Sobha Ltd and others for violation of rules laid down by the Directorate of Town and Country Planning, Haryana, and cheating general public for selling plots meant for 'No Profit No Lo
The agency said the attached assets included 20 immovable properties consisting of land and building in Kerala, two vehicles (Innova and Audi), Rs 3,40,000 cash in Indian rupee and foreign currency equivalent to Rs 2,08,124, totalling to Rs 5,48,124, and balances in 57 bank accounts belongin
These group companies are Shinecity Infraprojects, Shinecity Proxima Developers, Shinecity Shapers, Shinecity Construction in Sultanpur, Jhansi, Pratapgarh, Pindra (Varanasi), Bara (Allahabad) and Bakshi Ka Talaab (Lucknow), with their land measuring 41.6 hectare in total.
ED initiated money laundering investigation on the basis of FIR of December 28, 2020 registered by CBI, ACB, Chennai, under various sections of Prevention of Corruption Act.
The agency had filed a complaint before the PMLA Special Court Ernakulam against William Verghese, Chairman, BRD Group of Companies, and five other accused on November 11, 2022. Court has taken cognizance of the prosecution complaint filed by the ED on November 18.
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