Kolkata, April 15 -- The Enforcement Directorate (ED) on Tuesday said it has attached 707 acres of land in and around Aamby Valley City, Lonavala, under the provisions of the Prevention of Money Laundering Act (PMLA), in Sahara India and its group entities, Ponzi scam case.
The approximate market value of the land is Rs 1460 crore
The land was purchased in "Benani" names with the funds diverted from Sahara group entities, the ED said.
The ED, Kolkotta, initiated investigation on the basis of three FIRs registered u/s 420 and 120B of the IPC, 1860 against M/s Humara India Credit Co-operative Society Ltd. (HICCSL) and others by Odisha, Bihar, and Rajasthan Police.
Later over 500 FIRs had been filed against the Sahara Group entities and r...