The Enforcement Directorate (ED) on Monday said it has seized Rs 1.21 crore cash and gold and diamond jewellery worth more than Rs 5 crore after it raided some Nagpur-based persons in a money laundering case linked to alleged investment fraud.
Jewellery Worth Over 4 Crores Seized From Tamil Nadu Firms In Fraud Case. (Representational)
Trichy (Tamil Nadu):
Enforcement Directorate (ED) on Thursday seized gold and diamond jewellery worth Rs 4.43 crores during search operations at the residential premises of Chairman and Managing Director of Messrs Cethar Limited and Director of Messrs NSK Builders Private Limited in Trichy.
As per an official statement, the searches were conducted under the Prevention of Money Laundering Act, 2002 (PMLA) at the residential premises of M/s. Cethar Limited s Chairman K Subbaraj, and Managing Director K Pothiraj, and Director of M/s. NSK Builders Private Limited, NSK Kalairaja.