The Enforcement Directorate (ED) has seized assets worth around 27 crore rupees of controversial arms dealer Sanjay Bhandari and others for alleged violation of the Foreign Exchange Management Act (FEMA). <br/><br/>The ED has seized the properties in lieu of undisclosed assets held abroad by Bhandari. The agency had booked Bhandari in February this year under criminal charges of the PMLA and FEMA. The Delhi Police had also booked him for alleged violation of the Official Secrets Act last year.<br/><br/>Bhandari's case first came to light after the I-T department conducted searches against him in April last year and recovered certain sensitive official defence documents from his premises.<br/>
News On AIR | December 27, 2017 1:50 PM
ED seizes assets worth around Rs. 27 crore of arms dealer Sanjay Bhandari