Fresh assets, including mutual funds, shares, bonds and bank deposits, valued at more than Rs 54 crore, belonging to IFFCO Managing Director U S Awasthi have been attached in connection with a money-laundering case, the Enforcement Directorate (ED) said on Wednesday.
Get latest articles and stories on India at LatestLY. Fresh assets, including mutual funds, shares, bonds and bank deposits valued at more than Rs 54 crore, belonging to IFFCO Managing Director U S Awasthi have been attached in connection with a money-laundering case, the Enforcement Directorate (ED) said on Wednesday. India News | ED Attaches Assets Worth over Rs 54 Crore of IFFCO MD U S Awasthi Under Money-laundering Law.
The federal agency said in a statement that a provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach IFFCO MD U S Awasthi's assets.