Karnataka Ponzi Scam: ED attaches assets of Ajmera Groups worth Rs 8.41 crore
Karnataka Ponzi Scam: ED attaches assets of Ajmera Groups worth Rs 8.41 crore
The ED has alleged that Ajmera Groups illegally collected deposits of Rs 256.06 crore from several people by luring them with a promise of higher rate of interest (of up to 20% per month).
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Photo: PTI
The Enforcement Directorate (ED) has attached assets worth Rs 8.41 crore in a ponzi scheme case involving Ajmera Groups, officials said. The attached assets include two immovable properties (an agricultural land and a residential plot) and 14 movable properties (13 bank accounts and one demat account) belonging to Ajmera Groups, its partners and others.
ED attaches assets of Ajmera Group
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The Enforcement Directorate (ED) has attached movable and immovable properties of the Ajmera Group, which has been booked for perpetuating a ponzi scam and duping more than 1,000 investors by promising them high rates of interest.
In the provisional attachment order, the ED, under the Prevention of Money Laundering Act, attached assets worth ₹8.41 crore. These include two immovable properties, an agricultural land and a residential plot, and 14 movable properties (13 bank accounts & one demat account) held in the name of Ajmera Group, its partners and others, said a release on Tuesday.
ED Attaches Over Rs 8 Crore Assets of Bengaluru Firm in Ponzi Case
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The Enforcement Directorate (ED) has attached properties worth over Rs 8 crore of a Bengaluru-based company in connection with a money laundering probe against it linked to an alleged multi-crore ponzi or chit fund case, the agency said on Tuesday. An agricultural land, a residential plot, 13 bank accounts and a demat account held in the name of Ajmera Groups, its partners and others have been provisionally attached by the probe agency under sections of the Prevention of Money Laundering Act (PMLA).
The ED case stems from an FIR and charge sheet filed against the company and its promoters Tabrez Pasha, Abdul Dastagir, Tabrez Ulla Shariff, Syed Mudasir, Syed Muthahir and Fairoz Khan for illegally collecting funds from 1,148 depositors and failing to return Rs 29.17 crore. The police case was filed under various sections of the Karnataka Protection of Interest of Depositors in Financial Establish
ED attaches assets of Ajmera Group in money laundering probe
By IANS |
Published on
Tue, Dec 22 2020 19:36 IST |
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New Delhi, Dec 22 : The Enforcement Directorate (ED) on Tuesday said that it has attached the properties of Ajmera Group to the tune of Rs 8.41 crore in a money laundering case related to ponzi scheme.
The assets, attached under the Prevention of Money Laundering Act (PMLA), are in the form of two immovable properties an agricultural land and a residential plot and 14 movable properties 13 bank accounts and one demat account held in the name of Ajmera Group, its partners and others.