Stay updated with breaking news from Shobha city. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Directorate of Enforcement (ED) has attached assets worth Rs 305.84 crore of a private firm under section 37A of the Foreign Exchange Management Act, 1999 for violation of section 4 of the Act. ....
The attached assets included 33 immovable properties estimated to be worth around Rs 81.54 crore, three bank accounts (having a value of Rs 91.22 lakh), three fixed deposits having a combined value of Rs 5.58 crore and the shares of Joy Alukkas India Pvt Ltd, valued at Rs 217.81 crore. ....
The seizure of assets comes after the central agency carried out searches at multiple locations of the Thrissur-headquartered group on 22 February ....
The ED has accused the jewellry chain of violating provisions of the Foreign Exchange Management Act. The Enforcement Directorate has seized assets worth ₹ 305.84 crore of the popular jewellery chain ....