New Delhi, Dec. 22 -- The Enforcement Directorate (ED) has attached immovable properties having a total value of Rs 110 crore in a case of money laundering against Prayag Group of Companies and its directors.
These properties comprise 450.42 acres of land along with superstructures in the name of Prayag Group companies valued at approximately Rs 104 crore, located across West Bengal, Bihar and Assam, and immovable properties worth Rs 6 crore in the name of directors, namely Basudeb Bagchi, Avik Bagchi and Swapna Bagchi, the agency said in a statement.
Kolkata zonal office attached these properties under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, following the Provisional Attachment Order (PAO) dated December ...
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