<span style="color: #222222;">Enforcement Directorate, ED has attached assets worth 51.86 lakh rupees of the seven entities involved in providing a platform to the accused to facilitate money laundering in bank fraud case against M/s Green Valley Plywood Limited and others. </span><br />'' <br />'' <span style="color: #222222;">The attached assets are in the form of commercial property in Gurgaon and balances in the bank accounts. Earlier, attached assets worth 58.19 crore rupees of M/s Green Valley Plywood Limited were confirmed by the Adjudicating Authority under Prevention of Money Laundering Act, PMLA. Possession of these assets have been taken over by ED.<br />'' <br />'' The agency initiated investigation on the basis of FIR and hargesheet filed by CBI wherein it was revealed that M/s Green Valley Plywood Limited and its promoter Jagmohan Kejriwal had siphoned off 70.49 Crore rupees of the bank loan amount by devolving letter of credit by showing fictitious sales and purchase with the help of several entities. These entities were providing a platform to M/s Green Valley Plywood Limited for money laundering.</span><br />'' <span style="color: #222222;"><br />''<br />''During Investigation under PMLA it has revealed that out of the total inflow and outflow of these fictitious sale and purchase transactions, 51.86 lakh rupees was retained by seven of such entities namely M/s Global Interiors Ltd., M/s Vikas Globalone Ltd., M/s Vikas Polymers (India), M/s Moonlite Technochem Pvt. Ltd., M/s Shubham Chemicals and Solvents Pvt. Ltd., M/s Chemical Connection, M/s Uniply Industries Ltd. as commission for providing such platform for money laundering by layering of proceeds of crime. The amount retained by these entities have been attached by ED under PMLA. ED said, further investigation for identifying remaining proceeds of crime is under progress. </span>