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.
News On AIR | December 27, 2017 12:04 PM
ED attaches 10 immovable properties worth Rs 177 crore in money laundering probe of NSEL