Hyderabad, March 23 (IANS) Enforcement Directorate (ED), Hyderabad Zonal Office, has provisionally attached movable and immovable properties worth Rs 17.97 crore belonging to Bharati Builders, its partners, their family members and others in a case of cheating of homebuyers and investors.The Central agency said on Monday that it attached the properties under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.It initiated an investigation based on a case registered by EOW Polic…
Latest Hyderabad Zonal Office News & Updates
Hyderabad, March 13 (IANS) Enforcement Directorate (ED), Hyderabad Zonal Office, has provisionally attached two immovable properties valued at Rs 35.05 crore in a bank fraud case against BNR Infra and Leasing, Elite Infra Projects Pvt Ltd and others.The properties attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, belong to Beereddy Narasimha Reddy and Anil Beniprasad Aggarwal, and are in the form of land parcel and residential flat.ED initiated an investigatio…
Hyderabad, March 10 (IANS) The Directorate of Enforcement’s (ED) Hyderabad Zonal Office has provisionally attached fifty immovable properties, valued at Rs 29.76 crore, under the provisions of the Prevention of Money Laundering Act in the illegal surrogacy racket case. The racket was run by Dr Pachipalli Namratha, alias Athluri Namratha, in the name of Universal Srusthi Fertility & Research Centre. The attached properties are in the form of land parcels, flats, as well as a hospital in the n…
Hyderabad, March 6 (IANS) Directorate of Enforcement (ED), Hyderabad Zonal Office has provisionally attached immovable properties valued at Rs 26.86 crore in a bank fraud case of Sowbhagya Ispat India Pvt. Ltd. (SIIPL).The attached properties under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 include residential flats, residential house, and open plots of land.The ED said in a statement on Friday that it had initiated investigation on the basis of FIR registered by CBI, …
Hyderabad, Feb 28 (IANS) The Directorate of Enforcement (ED), Hyderabad Zonal Office, has provisionally attached immovable properties worth Rs 14.63 crore belonging to M/s Sai Surya Developers under the Prevention of Money Laundering Act (PMLA), 2002. The action is linked to large-scale cheating, where victims were duped under the pretext of buying plots in real estate projects. The attached assets include land parcels registered in the firm’s name.The ED’s investigation was triggered by se…
Hyderabad, Feb 9 (IANS) The Directorate of Enforcement (ED) has seized cryptocurrency equivalent to $12,000 and Rs 13.5 lakh unaccounted cash during searches at six locations in Ahmedabad in connection with an investigation into large-scale illegal call centre operations involved in cheating foreign nationals, mainly citizens of the United States.The ED, Hyderabad Zonal Office, conducted search operations on February 4 under PMLA, 2002.The Central agency said in a press release on Monday that th…
Hyderabad, Jan 31 (IANS) The Enforcement Directorate (ED), Hyderabad Zonal Office, has provisionally attached four immovable properties worth Rs 2.91 crore under the Prevention of Money Laundering Act (PMLA), 2002. The attachment is connected to a bank fraud case involving Subbaiah Korrapati and his associates. The properties include agricultural land, residential plots, and a commercial property registered in the names of Korrapati’s associates. The ED launched its probe based on an FIR …
Hyderabad, Jan 31 (IANS) The Directorate of Enforcement (ED), Hyderabad Zonal Office, has filed a charge sheet before the PMLA Court at Rangareddy against M/s Metalloids Technologies Private Limited (MTPL), its Managing Director Jayant Biswas, and his wife Mousumi Biswas, an official statement said on Saturday.The court on January 28 took cognisance of the charge sheet filed under the provisions of the Prevention of Money Laundering Act.The ED initiated the probe based on multiple FIRs registere…
Hyderabad, Jan 30 (IANS) The Directorate of Enforcement (ED) has completed the process of restitution of five attached immovable properties valued at about Rs 16 crore to the Punjab National Bank (PNB). ED’s Hyderabad Zonal Office said on Friday that the process has been completed under the provisions of the Prevention of Money Laundering Act (PMLA).The properties were attached during the PMLA investigation in the case of Ghanshyamdas Gems & Jewels and its Managing Partner, Sanjay Agarwal….
Hyderabad, Jan 6 (IANS) The Enforcement Directorate (ED), filed supplementary prosecution complaint in a court in Hyderabad against B. Lakshminarayana, Sandhu Purnachandra Rao, Ex-Director and Sales and Marketing Head of Sahiti Infratec Ventures India Pvt Ltd (SIVIPL) under the provisions of the Prevention of Money Laundering Act.Hyderabad Zonal Office of the ED said that the court has taken cognizance of the supplementary prosecution complaint.The Central agency initiated investigation based on…