ED Has Attached Assets Worth More Than Rs 130 Crore
ED has attached assets worth more than Rs 130 crore. 130 crore worth of assets of companies selling jewelery attached.
The Enforcement Directorate (ED) has attached assets worth more than Rs 130 crore to various jewelery-selling companies and their promoters in Hyderabad as part of an investigation into a case of money laundering involving alleged financial irregularities during demonetization in 2016.
ED said on Tuesday that action has been taken against Mussaddilal Gems & Jewels Private Limited, Vaishnavi Bullion Private Limited, and Mussaddilal Jewelers Private Limited.
The ED said that the assets that have been attached include 41 immovable properties, investment in shares and jewelery, investment of Rs 83.30 crore in gold and silver.
These assets were seized during a raid conducted a few years ago. The total value of these assets is Rs 130.57 crore.
The government had demonetized in November 2016, after which the Telangana Police filed an FIR against these companies. The ED case is based on this FIR. The action of attaching the property was taken under the Prevention of Money Laundering Act (PMLA).
The ED said in a statement that three companies trading in jewelery and gold and silver had deposited Rs 111 crore out of circulation in their bank accounts immediately after the announcement of demonetization on November 8, 2016.
They made fake receipts and bills of sale, which incorrectly showed that nearly 6,000 people came to her showroom to buy jewelry from 8 pm to midnight on November 8, 2016, immediately after the note ban was announced.
Demonstration on agricultural law is only an experiment, if successful, there will be ruckus on other issues: Narottam Mishra
The Union Home Minister of Madhya Pradesh Narottam Mishra on Wednesday described the farmer movement as an experiment and said that if it succeeds, then the opposition will start on other issues.
He said, ‘The farmer’s movement is an experiment. If it is successful, people will also protest against CAA-NRC, Article 370, and Ram Mandir.
One cannot elaborate about agricultural laws, one does not know what is ‘black’ in black law (agricultural law). This movement is based on assumptions.
Explain that in the monsoon session, farmers have been agitating on the borders of Delhi for about two and a half months in protest against the three agricultural laws passed by the central government.
They demand that the government cancel these laws. In this, they are getting the support of the opposition parties and now even the support is coming internationally.
