Enforcement Directorate attaches over Rs 8 crore assets of Bengaluru firm in ponzi case
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Last Updated: Dec 22, 2020, 03:53 PM IST
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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).
Agencies
Enforcement Directorate
NEW DELHI: 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.
ED attaches Rs 8.41 crore assets of Bengaluru firm in Ponzi case ANI | Updated: Dec 22, 2020 23:52 IST
New Delhi [India], December 22 (ANI): The Directorate of Enforcement (ED) has attached properties worth Rs 8.41 crore of a Bengaluru-based company in connection with money laundering probe against it in a multi-crore Ponzi or chit fund case.
The attached assets are in the form of two immovable properties (agricultural land and a residential plot) and 14 movable properties (13 bank accounts and 1 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), ED said in a statement
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)
ED attaches Rs 8 41 crore assets of Bengaluru firm indiagazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiagazette.com Daily Mail and Mail on Sunday newspapers.
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