Dynamite News
Tamil Nadu: Immovable properties worth Rs200Cr attached by ED across state under PMLA
The crackdown was taken under the provisions of the Prevention of Money Laundering Act, (PMLA) 2002. Read further on Dynamite News:
Chennai: Directorate of Enforcement (ED) has provisionally attached worth over R200Cr in various places across Tamil Nadu in connection with a case of financial fraud committed by the Neomax group of companies, based in Madurai, officials said on Monday.
As per officials, the crackdown was taken under the provisions of the Prevention of Money Laundering Act, (PMLA) 2002.
Taking to the social media platform, X, the central agency said, "ED has provisionally attached immovable properties in various places across Tamil Nadu, having market value of Rs207Cr, under the provisions of PMLA, 2002, in a case of financial fraud committed by the Neomax group of companies, based in Madurai."
An investigation into the matter is underway.
Further details are awaited. (ANI)