The Enforcement Directorate (ED) has attached immovable properties spanning 88.29 acres and valued at Rs 300.11 crore belonging to a private company under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
"Enforcement Directorate (ED) has attached immovable properties spanning 88.29 acres and valued at Rs 300.11 crore belonging to M3M India Infrastructures private Ltd under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The properties attached are in the form of land parcels, located in Basharia village in Haryana's Gurugram," the ED said.
Multiple raids in India
Earlier, in a separate case, the ED seized unaccounted cash amounting to Rs 78.15 lakh during raids conducted at seven locations in Punjab, Delhi and Madhya Pradesh related to liquor company Malbros International Pvt Ltd and premises linked to its erstwhile Director Gautam Malhotra in a money laundering investigation related to environmental crime, the agency said on Friday.
The raids, carried out on July 16, also led to the seizure of digital devices and incriminating documents. These seizures were part of the raids conducted under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.ED initiated an investigation on the basis of a criminal complaint filed by the Punjab Pollution Control Board in the Court of Chief Judicial Magistrate, Ferozepur, against Malbros International Pvt Ltd for violation of various sections of the Water (Prevention and Control of Pollution) Act, 1974 by contaminating soil and groundwater in and around its factory premises.
The ED investigation revealed that money generated through environmental crime has been further used for the business activities of the company. The money trail thereof would be investigated during further investigation.
(With agencies inputs)
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