New Delhi, Jan. 14 -- The Enforcement Directorate's (ED) Mumbai Zonal Office announced on Wednesday the attachment of movable and immovable properties worth Rs 35.22 crore in the case involving the Suumaya Group and others.
These properties include movable assets such as bank balances, demat holdings, and mutual funds, along with two immovable properties.
The ED initiated its investigation under the Prevention of Money Laundering Act (PMLA) based on an FIR registered by the Worli Police Station against various persons and entities, including Suumaya Industries Ltd and its promoters, under provisions of the IPC 1860. They are accused of conspiring to embezzle approximately Rs. 137 crore by falsely promising benefits under a future 'Need to...