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ED attaches Rs 130 crore assets of Hyderabad-based jewellers in demonetisation case
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Last Updated: Feb 02, 2021, 12:00 PM IST
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The attached assets, include 41 immovable properties, investments made in shares and jewellery, and bullion worth Rs 83.30 crore, seized in raids conducted some years back. The total value of these properties is Rs 130.57 crore, it said.
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NEW DELHI: The Enforcement Directorate has attached assets worth over Rs 130 crore of various Hyderabad-based jewellery houses and their promoters in a money laundering probe linked to alleged financial irregularities done during the 2016 demonetisation exercise, the agency said on Tuesday. The action has been taken against Musaddilal Gems and Jewels Pvt Ltd, Vaishnavi Bullion Pvt Ltd and Musaddilal Jewellers Pvt Ltd, according to the Enforcement Directorate (ED).
Musaddilal Jewellers case: ED attaches assets worth Rs 130 crore
The Enforcement Directorate (ED) has attached assets worth `130.57 crore in the demonetisation scam case related to Hyderabad-based Musaddilal Gems and Jewels Pvt. Ltd. and other firms.
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The attachment also includes gold jewellery, bullion and ornaments valued at Rs 83.30 crore which were seized during searches. By Express News Service
HYDERABAD: The Enforcement Directorate (ED) has attached assets worth Rs 130.57 crore in the demonetisation scam case related to Hyderabad-based Musaddilal Gems and Jewels Pvt. Ltd. and other firms. The attached assets include 41 immovable properties registered in the name of various jewellers and others involved in the case, movable properties in the form of stock in trade valued at Rs 18.69 crore, and investments made in the stock market in the form of shares worth Rs 63 lakh by persons involved in the scam. The attachment also includes gold