India-Norway Joint Venture Firm's Assets Seized Over Money Laundering Case

The properties attached include a plant, machinery, computers, land and building worth about Rs 90,62,18,000 and bank balances to the tune of Rs 43,75,82,000 in the name of Aatash Norcontrol Ltd (ANL).

The Enforcement Directorate (ED) on Saturday said it has attached assets worth over Rs 134 crore of an India-Norway joint venture company in connection with a money laundering case linked to an alleged Gujarat Maritime Board scam. The properties attached include a plant, machinery, computers, land and building worth about Rs 90,62,18,000 and bank balances to the tune of Rs 43,75,82,000 in the name of Aatash Norcontrol Ltd (ANL). The agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attaching these assets worth a total of Rs 134.38 crore. ANL, the ED said in a statement, is a joint venture between Indian company Aatash Computers and Communications P. Ltd. and Norwegian firm Kongsberg Norcontrol IT AS.