ED, Mumbai Zonal Office has provisionally attached immovable and movable assets in the form of 10 immovable properties situated in Mumbai and Kolkata, and movable properties in the form of FDRs, shares, Mutual Funds, investment in Alternative Funds belonging to various persons valued at Rs. 36.21 Crore (approx.) on 21.03.2025 in the case of Amber Dalal & others under the provisions of PMLA, 2002.

News Anti-bribery and corruption Sanctions & Fines

Date: 25th Mar, 2025 Source: Enforcement Directorate (ED) Country: India Original Source

Brief

"On 25/03/2025, the Enforcement Directorate (ED) issued an update regarding ED, Mumbai Zonal Office has provisionally attached immovable and movable assets in the form of 10 immovable properties situated in Mumbai and Kolkata, and movable properties in the form of FDRs, shares, Mutual Funds, investment in Alternative Funds belonging to various persons valued at Rs. 36.21 Crore (approx.) on 21.03.2025 in the case of Amber Dalal & others under the provisions of PMLA, 2002. This provisional attachment is part of a larger investigation into a Ponzi scheme allegedly run by Amber Dalal and his associates."

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