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ED seizes fresh Rs 24cr assets of Venkateshwara Hatcheries in FEMA probe

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

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vhpl: ED seizes over Rs 65 cr of Venkateshwara Hatcheries in FEMA probe

The Enforcement Directorate (ED) has seized nine properties worth over Rs 65 crore belonging to Venkateshwara Hatcheries Pvt Ltd (VHPL) for allegedly making illegal foreign remittances to purchase a 90-acre house in the UK. The ED case involves remittances made by VHPL to its subsidiary, Venky s Overseas Limited (VOL), from 2011. VHPL had declared VOL s business as agriculture and mining, but no such activity was ever initiated. ....

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