Hyd: ED attaches assets worth Rs 130.57cr in demonetization scam case
By Mansoor| Updated: 1st February 2021 11:06 pm IST
Hyderabad: Directorate of Enforcement on Monday attached the movable and immovable assets worth Rs 130.57 Crore of Musaddilal Gems and Jewels Private Limited among others in a demonetization scam case.
In an official statement, ED informed that the agency had provisionally attached assets worth Rs 130.57 Crore including 41 immovable properties registered in the name of the various jewellers and others involved in the case and movable properties in the form of stock in trade (Rs 18.69 Crore) and investments made in the stock market in the form of shares (0.63 Cr) in demonetization scam case.
Updated:
Accused of depositing demonetised notes to the tune of ₹111 cr. in bank accounts
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The accused had raised fake cash receipts and sale invoices showing 6,000 fictitious customers visited their showrooms to purchase gold jewellery after the announcement of demonetisation on November 8, 2016. | Photo Credit:
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Accused of depositing demonetised notes to the tune of ₹111 cr. in bank accounts
Enforcement Directorate has attached assets worth ₹130.57 crore, including 41 immovable properties of M/s Musaddilal Gems and Jewels Private Limited and others involved in demonetisation scam.
Officials said the assets include movable properties in the form of stock in trade ₹18.69 crore and investments made in the stock market in the form of shares ₹0.63 crore. The attachment also included gold jewellery, bullion and ornaments seized during the earlier searches which are valued at ₹83.30 crore.
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