Enforcement Directorate attaches assets worth Rs 2,510 cr of SRS Group

Enforcement Directorate attaches assets worth Rs 2,510 cr of SRS Group

New Delhi: The Enforcement Directorate (ED) on Thursday said it has attached Rs 2,510.82 crore worth of movable and immovable assets of SRS Group, its promoters, their family members and of associate companies on charges of defaulting on a loan of Rs 1,100 crore.

The assets, comprising land, real estate projects, commercial projects, residential houses, a school, s cinema hall, balances in bank accounts and fixed deposits were attached under the Prevention of Money Laundering Act, 2002 (PMLA) in the cheating and fraud case.

“Investigation revealed that movable and immovable properties have been illegally acquired in the name of various companies of SRS Group and family members of accused and being proceeds of crime, these assets totalling to Rs 2510.82 crores have been provisionally attached under PMLA. Further investigation in this case is under progress,” the ED said.

The ED initiated investigation by registering Enforcement Case Information Report (ECIR) under the PMLA on the basis of First Information Reports (FIRs) on charges of cheating, criminal conspiracy and forgery under the Indian Penal Code registered at various police stations in Haryana’s Faridabad and charge sheets filed by Haryana Police.

Further, an additional FIR was also received from Economic Offence Wing, New Delhi in the instant case, the ED said. (IANS)

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