What assets worth ₹442.85 crore were attached by the ED in the Kwality Limited case
ED attached assets worth ₹442.85 crore in the Kwality Limited case.
- ED attached properties consisting of land, machinery, and buildings worth ₹442.85 crore in connection with the Kwality Limited case.
- The attached assets include a total of 15 land parcels and several plants and machinery located in various states.
- The Enforcement Directorate (ED) took action against Kwality Limited under provisions of the Prevention of Money Laundering Act (PMLA).
- This case is related to a bank loan fraud investigation, where it was alleged that Kwality Limited had taken loans without genuine business transactions and diverted funds.
- The attachment of assets worth ₹442.85 crore was done to prevent the accused from disposing of the properties acquired through alleged illegal means.
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3 months ago