ED attaches Rs 4,100 crore assets of Hyderabad firm in Paradise papers leak case
Top Searches
ED attaches Rs 4,100 crore assets of Hyderabad firm in Paradise papers leak case
TNN / Updated: Dec 25, 2020, 08:01 IST
FacebookTwitterLinkedinEMail
(Representative image)
NEW DELHI: A day after the Enforcement Directorate (ED) arrested three promoters of Hyderabad-based Agri Gold in a money laundering probe related to Paradise Papers leak case, the agency on Thursday claimed it has attached assets of the accused to the tune of Rs 4,100 crore.
“The attached assets include 2,809 land properties, Haailand Amusement Park in Andhra Pradesh spread over 48 acres, shares of various companies and factories. The properties are located in several states, including Telangana, Andhra Pradesh, Tamil Nadu, Karnataka and Odisha,” it said.
ED attaches properties worth Rs 4,109 crore in Agri Gold Ponzi scheme case; three arrested The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana File photo of Enforcement Directorate logo
New Delhi: The ED has attached properties worth Rs 4,109 crore spread across various states in a money-laundering case linked to an alleged Ponzi scheme, the agency said on Thursday.
The case pertains to the Agri Gold Group of Companies. Three promoters of the group were arrested by the central agency on Tuesday. The attached assets include 2,809 landed properties, Haailand Amusement Park in the name of Arka Leisure and Entertainments Private Limited in Andhra Pradesh (spread over 48 acres) and shares of various companies, plants and machinery, the Enforcement Directorate (ED) said in a statement on Thursday.
Enforcement Directorate attaches Rs 4,109 crore worth of assets in Agri Gold ponzi scam case
SECTIONS
Enforcement Directorate attaches Rs 4,109 crore worth of assets in Agri Gold ponzi scam casePTI
Last Updated: Dec 24, 2020, 02:49 PM IST
Share
Synopsis
The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
ThinkStock Photos
NEW DELHI: The Enforcement Directorate has attached properties worth Rs 4,109 crore, spread across various states, in a money laundering case linked to an alleged ponzi scam, the agency said on Thursday. The case pertains to Agri Gold Group of Companies, whose three promoters had been arrested by the central agency on Tuesday.
ED arrests three promoters over Rs 6,380-crore Ponzi scheme fraud
The three persons Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad are the main accused and promoters of the Agri Gold group of companies.
Representational Image
New Delhi: The Enforcement Directorate has arrested three promoters of a south India based company on money laundering charges in an over â¹ 6,300 crores alleged Ponzi or chit fund fraud case where lakhs of investors hailing from various states were duped, the agency said on Wednesday.
The three persons Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad are the main accused and promoters of the Agri Gold group of companies.
The Enforcement Directorate has arrested three promoters of a south India based company on money laundering charges in an over Rs 6,300 crore alleged ponzi or chit fund fraud case where lakhs of investors hailing from various states were duped, the agency said on Wednesday. The three persons Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad are the main accused and promoters of the Agri Gold group of companies. They have been arrested for their involvement in committing the offence of money laundering, the ED said. The three were arrested under various sections of the Prevention of Money Laundering Act (PMLA) on Tuesday and a special court in Hyderabad sent them to 14 days judicial custody.