ED attaches assets worth Rs 33.84 core of Popular Finance under money laundering act

The ED attached assets worth Rs 33.84 crore of Kerala-based Popular Finance Group and its promoters in a cheating case.

The Enforcement Directorate has attached assets worth Rs 33.84 crore of Kerala-based Popular Finance Group and its promoters under Prevention of Money Laundering Act in a cheating case, officials said.

The attached assets include 11 immovable properties consisting of land and building in Kerala, 11.85 kg gold, 19 fixed deposits of promoters, Rs 3.79 crore cash, balance in 208 bank accounts of Popular Finance Group entities, and 291 treasury deposit accounts.