Directorate of Enforcement (ED) on Wednesday issued a Provisional Attachment Order below the provisions of the Prevention of Cash Laundering Act, 2002 (PMLA) attaching movable and immovable properties value ₹128.86 Crores within the case of Micro Finance Group of Corporations and others.
In response to an official assertion of ED, the company had initiated the investigation on the premise of an FIR registered by the Central Bureau of Investigation, SPE, SCB, Kolkata in opposition to Micro Finance Ltd. and others in pursuance of an order of Supreme Court docket of India, whereby the Court docket has directed inter alia that the investigation of chit fund circumstances registered in numerous police stations within the State of Odisha be transferred from the State Police Company to the CBI.
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“Micro Finance Restricted was one among the many 44 circumstances acknowledged within the Order of the Supreme Court docket of India. Subsequently, charge-sheet within the case was filed by CBI, Bhubaneswar,” it acknowledged.
ED mentioned the investigation performed on this case revealed that a large quantity of proceeds of crime have been laundered on this case.
“Accordingly, a Provisional Attachment Order was issued, attaching immovable and movable properties value ₹128.86 Crores belonging to Micro Group of corporations and others (together with Kamat Resorts (India) Ltd., Prasanta Kumar Acharya, Ex-Director in Ayush Hospital and Trauma Care Pvt. Ltd., Bhubaneswar).”
Earlier, in 2019, ED had issued a Provisional Attachment order attaching movable properties within the type of financial institution balances value ₹88.99 Crores.
The company mentioned additional investigation into the case is underway. (ANI)