PonziScheme

Rs 55 Lakh Tied to Shine City Fraud Attached by ED Lucknow

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Rs 55 Lakh Tied to Shine City Fraud Attached by ED Lucknow

Directorate of Enforcement (ED) Lucknow Zonal office has provisionally attached propertiesworth Rs.55.07 Lakh under the provisions of Prevention of Money Laundering Act (PMLA), 2002in the case of M/s Shine City Properties Ltd. The attached properties are in form of bank balanceheld in the account of Mohammad Javed resident of Allahabad.ED initiated investigation based on approx. … Read more

Agri Gold Scam Victims to Recover Over ₹1000 Crore in ED Restitution

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Agri Gold Scam Victims to Recover Over ₹1000 Crore in ED Restitution

Directorate of Enforcement (ED), Hyderabad Zonal Office has successfully accomplished the process ofrestitution of attached properties worth Rs. 611 Crore (approx.) (value of properties at the time ofattachment) to the victims of Ponzi schemes launched by Agri Gold group of companies. The presentmarket value of the impugned properties is expected to be more than Rs. … Read more