India, March 26 -- The Mumbai unit of the Enforcement Directorate (ED) provisionally attached assets worth Rs.36.21 crore as part of its money-laundering probe into a case against Amber Dalal, the proprietor of the firm M/s Ritz Consultancy Services, and others. Dalal is accused of collecting money from investors through a Ponzi scheme promising high returns and then absconding after giving initial returns.

It was alleged that the amount of money collected by him from 1,300 investors was over Rs.600 crore. The assets recently attached included 10 immovable properties in Mumbai and Kolkata, and movable properties in the form of fixed deposit receipts, shares, mutual funds and investment in alternative funds. ED's probe is based on a case ...