December 27, 2017 12:04 PM

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ED attaches 10 immovable properties worth Rs 177 crore in money laundering probe of NSEL

The Enforcement Directorate, ED has attached 10 immovable properties, worth over 177 crore rupees, in connection with a money laundering probe of National Spot Exchange Limited, NSEL. <br/><br/>In a statement, the ED said, the attached properties are controlled by Surender Gupta of PD Agro Processors Private Limited and Dunar Foods Limited, a major defaulter of NSEL.<br/>With this order, the total attachment of assets in this case stands at 2,890 crore rupees. <br/><br/>The ED, along with the Economic Offences Wing of the Mumbai Police, had registered a criminal case in 2013 under the Prevention of Money Laundering Act to probe the NSEL and others associated with it.<br/><br/>The agency alleged that the accused persons in the case hatched a criminal conspiracy to defraud about 13,000 investors to the tune of 5,600 crore rupees.

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