ED attaches assets of Bengaluru firm, worth over Rs 8 cr, in Ponzi case
According to the ED, the assets were attached under the Prevention of Money Laundering Act, 2002 (PMLA) in connection with the Ponzi scheme case. Updated: December 23, 2020 8:20:47 am
Enforcement Directorate (ED)
The Enforcement Directorate (ED) has attached assets worth Rs 8.41 crore belonging to Bengaluru firm Ajmera Groups, its partners and others in connection with a money-laundering probe linked to an alleged multi-crore chit fund case.
According to the ED, the assets were attached under the Prevention of Money Laundering Act, 2002 (PMLA) in connection with the Ponzi scheme case. The assets are in the form of two immovable properties (a piece of agricultural land and a residential plot) and 14 movable properties (13 bank accounts and one Demat Account)