ED Seizes Additional Properties; Total Value Reaches ₹163.02 Crore
The Enforcement Directorate (ED) has seized assets worth several crores during its latest round of domestic attachments linked to an ongoing money-laundering investigation. With these newly attached properties, the total value of assets seized now stands at ₹163.02 crore, according to an official statement.
Background of the Case
The case involves allegations of large-scale financial irregularities carried out through a network of companies and individuals. The ED suspects that illicit funds were routed through shell firms, benami accounts, and layered transactions to conceal the origin of the money.
Over the past months, the agency has attached multiple properties, including luxury assets and overseas holdings, allegedly purchased using laundered funds. Statements from individuals involved and financial records from banks have been examined as part of the investigation.
Total Seized Properties
The newly attached properties include land parcels, residential units, and commercial spaces across various states. With these additions, the total value of seized assets has reached ₹163.02 crore.
Next Steps in Investigation
The ED has confirmed that the investigation is ongoing. The agency will now focus on the following:
- Identifying companies and individuals linked to the laundering network.
- Analyzing the flow of funds and tracing complex transaction patterns.
- Investigating additional domestic and international properties associated with the accused.
- Coordinating with foreign agencies to verify overseas assets, if required.
- Reviewing digital evidence such as emails, financial software, and electronic records.
Note: As new evidence emerges, the ED may conduct further searches, attach more properties, and summon additional individuals for questioning.
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