ED attaches assets worth Rs 31 crore of Kerala-based firm under money laundering act
India Today
The ED attached assets worth Rs 31.16 crore of Kerala-based Popular Finance Group’s promoters under the Prevention of Money Laundering Act in a cheating case.
The Enforcement Directorate (ED) attached assets worth Rs 31.16 crore of Kerala-based Popular Finance Group’s promoters under the Prevention of Money Laundering Act on Friday. The finance group has been accused of cheating around 3,000 people, in and outside India, for Rs 1,000 crore.
The attached assets included jewellery of Rs 14 crore, vehicles worth Rs 2 crore and immovable properties in Kerala, Tamil Nadu and Andhra Pradesh with the current valuation of over Rs 14 crore. The attached properties were linked to the key accused in the case and Director of Popular Finance Group Thomas Daniel, Managing Director Rinu Mariam and family members.
