May 29, 2017 5:50 PM

printer

ED attaches 30 kg gold bars belonging to mining businessman Sekhar Reddy

The Enforcement Directorate (ED) has attached 30 kg gold bars worth Rs 8.56 crore in connection with its probe into a money laundering case against Tamil Nadu sand mining businessman J Sekhar Reddy and his associates in Chennai. <br/><br/>The case was registered post demonetisation.The ED, in March this year, had arrested Reddy and his two alleged associates K Sreenivasulu and P Kumar in this case.<br/><br/>The ED had earlier attached assets worth Rs 34 crore in this case.<br/>Reddy was earlier arrested by the CBI (Central Bureau of Investigation) too in the same case of alleged black money generation post demonetisation.<br/>The ED had filed a criminal complaint against Reddy and others based on a CBI FIR in the case which was registered after the I-T department first searched his premises and those of his associates in November last year.<br/><br/>The I-T department has made one of the biggest detection of alleged unaccounted income of over Rs 142 crore in this case with the seizure of Rs 34 crore in new notes, Rs 97 crore in old currency notes of Rs 1,000 and Rs 500 and gold bars weighing 177 kg, post demonetisation.

Most Read
View All arrow-right

No posts found.