January 25, 2019 2:14 PM

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ED attaches over Rs. Two Cr assets of Rajasthan & Gujarat based company in chit fund money laundering case

The Enforcement Directorate, ED has attached assets worth over two crore rupees including shopping complexes of a Rajasthan and Gujarat based company in connection with a chit fund money laundering case. <br />''<br />''<br />''In a statement, ED said, around 48 FIRs were registered by the State Police authorities under Prize Chit and Money Circulation Scheme (Banning) Act, against the company – Oro Trade Network India. <br />''<br />''<br />''The agency said, its investigation found that the company and its directors conspired and lured number of people to invest in their schemes by promising high returns. <br />''<br />''<br />''<span style="color: #222222;">It said, the company collected around 44 crore rupees in pursuance of criminal conspiracy, cheating and criminal breach of trust. </span><br />

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