A Dream Deferred: The Story of Promised Investments and Broken Trust

Read Anti-bribery & corruption Sanctions & Fines

Date: 26th Dec, 2024 Source: In-House Country: India

Brief

"On 26/12/2024, the Enforcement Directorate (ED) issued an update regarding ED, Gurugram has provisionally attached immovable assets valued at Rs 120.98 Crore on 24.12.2024 belonging to M/s International Recreation and Amusement Limited (Under insolvency) of Appu Ghar group under the provisions of PMLA, 2002". The provisional attachment is part of an ongoing investigation into alleged cheating and criminal conspiracy by the company's promoters, who are accused of siphoning off investor funds. This brings the total attachment in the case to approximately Rs. 412.29 Crore.

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A Dream Deferred: The Story of Promised Investments and Broken Trust

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A Dream Deferred: The Story of Promised Investments and Broken Trust

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