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.