New Delhi, Dec. 22 -- The Enforcement Directorate on Monday said they have attached assets worth Rs 110 crore in a money laundering case lodged against Prayag Group of Companies and its directors.
The ED initiated an investigation based on FIR and charge-sheet filed registered by the Central Bureau of Investigation (CBI) under Sections of IPC, 1860, and the Prize Chits & Money Circulation Schemes (Banning) Act, 1978. The said FIR pertains to large-scale illegal deposit mobilisation by Prayag Group through unauthorised deposit schemes.
The ED investigation revealed that Prayag Group, mainly through its companies Prayag Infotech Hi-Rise Ltd. and Prayag Infotech Network Pvt. Ltd., fraudulently collected a total amount of Rs 2,863 Crore from ...