Tag: Attaches

ED attaches assets worth Rs 4.15cr in money laundering case

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New Delhi: The Enforcement Directorate (ED) on Monday said it has attached properties worth Rs 4.15 crore of a firm — NGHI Developers India Ltd, and its other group companies, in connection with a money laundering case.
The investigation in this regard was initiated by the ED, Jalandhar under the provisions of the Prevention of Money Laundering Act, in compliance with the directions of the High Court of Punjab and Haryana.
The firm as well as the group of companies have been accused of coming up with a Ponzi Scheme which affected thousands of investors across Punjab, Rajasthan and Himachal Pradesh.
The enquiries conducted by the ED revealed that multiple FIRs were found registered at different police stations in Punjab, Rajasthan and Himachal Pradesh under various sections of the Indian Penal Code against Pipal Singh, the firm director and others.
Pipal Singh was arrested by the police but was granted bail by the high court, after he promised that he would return the money to the investors. However, he never returned the money.
“He has been declared as proclaimed offender by a court in Punjab. Investigation conducted by the ED revealed that multiple companies were formed by the main accused Singh and his associates,” an official said.
The proceeds of crime was diverted and channelled into various immovable properties purchased in Punjab, Madhya Pradesh and Uttar Pradesh in the names of NGHI Developers India Limited and other group companies.

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( With inputs from www.siasat.com )

February 27, 2023
Chhattisgarh coal levy extortion scam: ED attaches more assets worth Rs 17.48 cr

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New Delhi: The Enforcement Directorate (ED) on Monday said that it has attached 51 immovable properties worth Rs 17.48 crore in the illegal coal levy extortion scam in Chhattisgarh.
The attached properties include 8 benami immovable properties worth Rs 7.57 crore which are owned by Saumya Chaurasia, deputy secretary to Chief Minister Bhupesh Baghel. The remaining 43 benami properties are beneficially controlled by Suryakant Tiwari.
In the same money laundering investigation, the ED had previously issued a Provisional Attachment Order on December 9, 2022 attaching properties worth Rs 152.31 crore belonging to Suryakant Tiwari, Sameer Vishnoi IAS, Saumya Chaurasia, Chhattisgarh civil service officer, Sunil Agarwal and others.
In total, the ED has attached assets to the tune of approximately Rs 170 crore till now.
The ED initiated the money laundering investigation based on the FIR lodged on the complaint of the Income Tax Department. Searches have been conducted and so far 9 accused have been arrested under the PMLA. All of them are in judicial custody.
The ED investigation has established that proceeds of crime of Rs 540 crore were acquired through this extortion racket. The extortion network was set up with the active connivance and participation of a large number of bureaucrats and higher ups.
The ED is investigating the entire gamut of the extortion racket.

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( With inputs from www.siasat.com )

January 30, 2023
Day After Court Directions, NIA Attaches Hurriyat Office In Srinagar

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SRINAGAR: A day after Delhi Court ordered the attachment of All Parties Hurriyat Conference (APHC) office at Rajbagh, the slueths of National Investigation Agency (NIA), Sunday attached the Hurriyat office.
“The NIA team arrived at Rajbag and attached the Hurriyat office,” news agency KNO quoted officials as having said.
Earlier, on Sturday in an, order, Shaliender Malik, additional sessions judge, New Delhi district, had said the immoveable property i.e. building office of All Parties Hurriyat Conference is ordered to be attached.
The Court had said that the Unlawful Activities Prevention Act-1967 does not in any manner hinder powers of court to attach any such property of which accused is facing trial under the UAPA of which he may be partly owner.
The court, however, had added that the attachment in itself does not mean that there is any pre-trial conclusion regarding that property.
The Court further said that among the different allegations and evidence, it was also the case that office of APHC was the place where meetings held to strategize different protests, funding activities of stone pelting on security forces, recruiting of unemployed youths to carry out unlawful activities as well as terrorist activities to create an unrest in the erstwhile state of Jammu & Kashmir to wage war against the Government of India.
“In such situation taking into consideration the serious nature of the allegations as against A-5 itself, the fact that he is part owner of the property in question, cannot be a reason for not attaching the property when it is not even made clear as to who others were co-owners of that property,” the court had said.
The NIA had moved an application seeking passing of an order for attachment of building office of All Parties Hurriyat Conference situated at Raj Bagh, Srinagar.

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( With inputs from : kashmirlife.net )

January 29, 2023