Updated Dec 25, 2020 | 07:29 IST
The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana. Representational image
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.
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 assets worth Rs 4,109 crore across 5 states in mega Agri Gold Ponzi fraud case
ED attaches assets worth Rs 4,109 crore across 5 states in mega Agri Gold Ponzi fraud case
The Enforcement Directorate (ED) on Thursday attached assets worth Rs 4,109 crore in connection with the Agri Gold Ponzi fraud case, officials said.
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(File Pic)
The Enforcement Directorate (ED) on Thursday attached assets worth Rs 4,109 crore in connection with the Agri Gold Ponzi fraud case, officials said.
The attached assets include 2,809 properties in form of land, Haailand Amusement Park of Arka Leisure and Entertainments Private Limited in Andhra Pradesh spread over 48 acres, shares of various companies, plants and machinery.
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, Haail and 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. The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
Enforcement Directorate has attached properties worth Rs 4,109 crore.
Hyderabad:
Rs 4,109 crore in properties spread across various states have been attached by the Enforcement Directorate in a money laundering case linked to an alleged ponzi scam that duped about 32 lakh people for over Rs 6,000 crore, the agency said on Thursday.
The case involves Agri Gold Group of Companies, whose three promoters 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 said in a statement.