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).
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New Delhi, February 2
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).
The attached assets, include 41 immovable properties, investments made in shares and jewellery, and bullion worth Rs 83.3 crore, seized in raids conducted some years back. The total value of these properties is Rs 130.57 crore, it said.
ED attaches Rs 130-cr assets of Hyderabad-based jewellers in demonetisation case
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).
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.