ed attaches Rs.67-cr assets in case against pfi
NEW DELHI, Nov. 9 -- The Enforcement Directorate (ED) has attached eight immovable properties of Rs.67.03 crore, allegedly beneficially owned and controlled by the banned PFI, in connection with a money laundering probe against the organisation, ED said in a statement on Saturday.
ED said the assets were held in the name of various Kerala-based trusts and the Social Democratic Party of India (SDPI). The SDPI is alleged to be the political front of PFI, which was banned by the Centre in September 2022.
"The properties were attached on Thursday under the Prevention of Money Laundering Act (PMLA)," ED officials said, adding this has taken "total number of assets attached in the case to 17 and their worth to nearly Rs.129 crore". "The PFI leaders and cadres raised funds from India and abroad... and used them to finance violent and terrorist acts," said one of the officials, asking not to be named....
To read the full article or to get the complete feed from this publication, please
Contact Us.