New Delhi, Jan. 29 -- Kalpataru Ltd on Wednesday denied any involvement with the fraudulent group misusing its name, following the Enforcement Directorate's (ED) statement that it had attached nine immovable properties worth Rs 30.5 crore linked to "Kalpataru Group companies" under the Prevention of Money Laundering Act (PMLA), 2002.

On Wednesday, in a press release, the agency had said, "Directorate of Enforcement (ED), Lucknow Zonal Office has attached nine immovable properties worth Rs 30.5 crore approximately on Tuesday in the name of Kalpataru Group companies and the entities associated with the group under the provisions of the Prevention of Money Laundering Act (PMLA), 2002."

The statement from Kalpataru Ltd. rejected any connect...