New Delhi, Feb. 21 -- The Enforcement Directorate on Thursday said it has attached assets worth a few crores of a Telangana-based pharmaceutical company under the anti-money laundering law on charges of illegally exporting over 18,000 kg of pharma drugs to Pakistan.
A provisional order under the Prevention of Money Laundering Act (PMLA) was issued on Wednesday against the company Lucent Drugs Pvt Ltd Based in the Sangareddy district of the state.
The attached assets include land, building and factory premises of the company and these are valued at Rs 5.67 crore, the federal probe agency said in a statement. The company or its directors could not be contacted immediately for their response to the ED action.
The money laundering case stems...