Guwahati: The Enforcement Directorate (ED) in Assam attached assets worth Rs 6.28 crore belonging to the Saradha Group of Companies on Friday.
The properties were seized under the Prevention of Money Laundering Act (PMLA) of 2002 for defrauding ordinary people through illicit Ponzi schemes.
On the basis of several FIRs and charge sheets filed by various law enforcement agencies under Section 120B (criminal conspiracy) and Section 420 (cheating) of the Indian Penal Code (IPC) against various Saradha Group firms, the ED launched a money-laundering investigation.
According to the ED, the entire proceeds of crime (POC) identified in the case to date is Rs 41.46 crore. A preliminary attachment order was issued earlier, attaching five immovable assets worth Rs 4.35 crore, which was affirmed by the adjudicating body.
Notably, the entire amount of money mobilised by this group firm is approximately Rs 2,459 crore, of which approximately Rs 1,983 crore has yet to be remitted to depositors.