ED attaches properties worth Rs 4,100Cr of Agri Gold Group
Thu, Dec 24 2020 03:51:02 PM
New Delhi, Dec 24 (IANS): A day after the Enforcement Directorate (ED) arrested three promoters of the Agri Gold Group of Companies in a Ponzi scheme fraud case worth Rs 6,380 crore, the financial probe agency on Thursday attached properties worth Rs 4,109 crore of the group.
The ED has arrested Avva Venkata Rama Rao, Avva Venkata Seshu Narayana Raon and Avva Hema Sundara Vara Prasad, the main accused under the sections of the prevention of money laundering act (PMLA). They were sent to a 14-day judicial custody by a Hyderabad court.
ED attaches properties worth Rs 4,100 crore of Agri Gold Group
An ED official on Thursday said the agency attached assets worth Rs 4,109 crore under the PMLA.
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Updated: Dec 24, 2020, 06:02 PM IST
A day after the Enforcement Directorate (ED) arrested three promoters of the Agri Gold Group of Companies in a Ponzi scheme fraud case worth Rs 6,380 crore, the financial probe agency on Thursday attached properties worth Rs 4,109 crore of the group.
The ED has arrested Avva Venkata Rama Rao, Avva Venkata Seshu Narayana Raon, and Avva Hema SunVara Prasad, the main accused under the sections of the prevention of money laundering act (PMLA). They were sent to 14-day judicial custody by a Hyderabad court.