ED attaches Rs 313 cr Ansal Group assets
LUCKNOW, March 11 -- The Enforcement Directorate (ED) has provisionally attached immovable properties worth Rs.313.12 crore linked to Ansal Properties and Infrastructure Ltd (APIL) and its promoters in a money laundering investigation related to the alleged diversion of homebuyers' funds, senior ED officials said on Wednesday.
The attachment was carried out by the ED's Lucknow zonal office under the Prevention of Money Laundering Act. The attached properties include around 9.08 hectares of residential land located in Agra. According to ED officials, the action stems from an ongoing probe into allegations that large sums were collected from homebuyers for the Sushant Golf City project in Lucknow, but the entire amount was not utilised for the project. Officials said 278 FIRs have been registered against APIL and its directors under various sections, alleging criminal breach of trust, conspiracy and cheating related to non-delivery of flats and diversion of funds collected from buyers. The probe found that Rs.1,234.92 crore was collected from customers as advance payments for the project, of which only Rs.921.80 crore was used. The remaining Rs.313.12 crore was allegedly diverted to other activities, officials said....
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