<span style="color: #222222;">Enforcement Directorate (ED) has attached movable as well as immovable properties totalling to 14.32 crore rupees belonging to Srijan Mahila Vikas Sahyog Samiti Limited (SMVSSL) and others. The action has been taken under the Prevention of Money Laundering Act in a case relating to embezzlement of government funds.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">The attached assets includes 20 flats at Noida, Ghaziabad, Pune, Ranchi, Bhagalpur and Patna, 19 Shops at Noida, Ghaziabad and Bhagalpur, 33 Plots and Houses in Bihar, a Volkswagen Car and available balances in bank accounts amounting to&nbsp; 4.84 crore rupees.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">The ED had initiated investigation against SMVSSL and others&nbsp; on the basis of FIR registered by CBI. Investigation conducted so far&nbsp; revealed that during the period from 2003-04 onwards funds to the tune of 557 crores have been siphoned off from the government accounts after being illegally transferred to the bank accounts of SMVSSL, Bhagalpur.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' &nbsp;
News On AIR | May 30, 2020 4:44 PM
ED attaches assets worth Rs 14.32 cr in Bihar's Srijan scam case