New Delhi, March 17 -- The Enforcement Directorate (ED), Kochi Zonal Office, on Tuesday said that it has attached an immovable property worth Rs 10.90 crore in the name of Lokanta Hotels and Resorts Pvt. Ltd., represented by its Director, CK Vijayan. The property is located at Kannadikadu, Maradu, Ernakulam, Kerala.
The ED initiated an investigation under the Prevention of Money Laundering Act (PMLA) based on an FIR registered at Maradu Police Station, Ernakulam, against C.K. Vijayan and others under various sections of the IPC.
The FIR pertains to the alleged cheating of Preetha Radhakrishnan and her husband by inducing them to invest over Rs 10.90 crore in a hotel project of M/s Statice Hotels and Resorts Pvt. Ltd. through false represe...