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In the release, the ED said the attachment is related to a case of alleged bank fraud against Madhucon Group’s company Ranchi Expressway Ltd, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
The Enforcement Directorate on Saturday said it has provisionally attached 105 immovable properties and other assets worth Rs 96.21 crore belonging to Madhucon Group of companies and its directors and promoters in a money laundering case.
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