Latest Prize Chits and Money Circulation Schemes Act News & Updates

Guwahati, July 10 (IANS) The Directorate of Enforcement (ED) has provisionally attached movable and immovable assets worth around Rs 5.54 crore in connection with an alleged multi-crore Ponzi scam involving the Jeevan Suraksha Group of Companies, officials said on Friday. The attachment was made under Section 5(1) of the Prevention of Money Laundering Act (PMLA), 2002.According to the ED, the attached assets include credit balances of about Rs 1.42 crore lying in 48 bank accounts and 22 immovabl…