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New Delhi:
The Enforcement Directorate has connected properties price Rs 4,109 crore, unfold throughout varied states, in a cash laundering case linked to an alleged ponzi rip-off, the company mentioned on Thursday.
The case pertains to Agri Gold Group of Companies, whose three promoters had been arrested by the central company on Tuesday.
“The attached assets include 2,809 landed properties, Haailand Amusement Park in the name of Arka Leisure and Entertainments Private Limited in Andhra Pradesh (spread over 48 acres) and shares of various companies, plants and machinery,” the ED mentioned in an announcement.
The property connected provisionally below the Prevention of Money Laundering Act (PMLA) are situated in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
The ED initiated a probe into the matter after going by means of varied police FIRs filed towards the accused in Andhra Pradesh, Telangana and Karnataka for allegedly duping about 32 lakh buyers after funds price Rs 6,380 crore had been collected from them.
The “main accused” are Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad — the promoters of Agri Gold Group of Companies who’ve been arrested by the ED.
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