Gujarat Maritime Board scam: ED attaches assets of over Rs 134 crore of Ahmedabad-based firm

The ED attached assets worth Rs 134.38 crore of Ahmedabad-based Aatash Norcontrol Limited (ANL) under the charges of money laundering in the Gujarat Maritime Board scam case.

The Enforcement Directorate (ED) attached assets worth Rs 134.38 crore of Ahmedabad-based Aatash Norcontrol Limited (ANL) on Saturday under the provisions of the Prevention of Money Laundering Act in connection with the Gujarat Maritime Board scam. The attached assets are in the form of plant, machinery, computer and computer software, land and building worth Rs 90.62 crore and bank balances in the form of fixed deposits of Rs 43.76 crore.ANL is a joint venture between Aatash Computers and Communications Private Limited, which is registered in India, and Norway-based Kongsberg Norcontrol IT AS. ANL is engaged in the construction and operation of Vessel Traffic and Ports Management System (VTPMS) and it provides navigation services to the vessels.The ED initiated its money-laundering investigation on the basis of an FIR registered by CID-Crime, Gandhinagar, against ANL and others for allegedly defrauding Rs 134.38 crore of the Gujarat Maritime Board (GMB).