Chennai, April 18 -- The Directorate of Enforcement (ED) on Friday provisionally
attached movable and immovable properties worth Rs 121.80 crore belonging to
Neomax Properties Private Ltd., and its group companies under the Prevention of
Money Laundering Act (PMLA), 2002.
The movable and immovable assets were located in various places across Tamil Nadu
belonging to Neomax Properties Private Ltd., and its group companies viz. Garlando
Properties Private Ltd., Transco Properties Private Ltd., Tridas Properties Private Ltd.,
Glowmax Properties Private Ltd. and its Directors/shareholders viz. Kamalakannan,
Balasubramanian, Veerasakthi, Charles and others.
The market value of the attached properties is around Rs. 600 crore, a statement...