Noida company's property, assets attached for money laundering


New Delhi, Jun 24 (IANS): The Enforcement Directorate (ED) on Friday attached various movable and immovable assets and properties worth Rs 55 crore of Noida-based Ablaze Info Solutions under the Prevention of Money Laundering Act (PMLA).

This is second attachment in this case by ED, which had attached properties worth Rs 599 crore in March this year.

After registering the Enforcement Case Investigation Report (ECIR) in this case, the ED took custody remand of Anubhav Mittal, who collected Rs 3700 crore from the customers of his company "by false inducements" and later "siphoned off" the money by generating false and bogus bills, invoices with the assistance of various persons, who are under scrutiny, a release said.

The ED said the attached assets include Rs 40 crore in Yes Bank, Rs 5 crore in an escrow bank account of ICICI bank, fixed deposits of Rs 3.61 crore, and commercial space in Greater Noida.

  

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Title: Noida company's property, assets attached for money laundering



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