India, May 9 -- The Mumbai unit of the Enforcement Directorate (ED) has provisionally attached 30 assets worth over Rs.54.32 crore located overseas in three countries as part of its money- laundering probe into an alleged investment fraud case against a firm, Pan Card Limited (PCL). While 22 of the attached assets are in Thailand, six others are in the UAE and two in the USA.

The assets were attached due to their link with the case's proceeds of crime in the USA, Thailand and the UAE. They are in the name of the overseas subsidiaries of the Mumbai-based firm M/s Panoramic Universal Ltd (PUL) and a deceased accused, Late S Moravekar, in the Pan Card Clubs' investment fraud case, ED officials said. These assets were allegedly acquired by m...