ED Attaches Assets Worth Over Rs 1 Crore of Sunheaven Agro India in Money Laundering Case
The ED initiated PMLA (Prevention of Money Laundering Act) investigation based on an FIR registered by the CBI under various section of the IPC against Sunheaven Agro India Ltd and its directors.
New Delhi, September 26: The Enforcement Directorate (ED) has attached immovable assets worth over Rs 1 crore and bank balances of more than Rs 26.5 lakh belonging to Sunheaven Agro India Ltd and its directors in a money laundering case, officials said on Tuesday. The ED initiated PMLA (Prevention of Money Laundering Act) investigation based on an FIR registered by the CBI under various section of the IPC against Sunheaven Agro India Ltd and its directors.
The company floated various investment schemes "under the garb of product booking, fixed deposit and monthly income schemes, with an intention of earning quick and easy money". Delhi Court Takes Cognizance on ED's Chargesheet Against Supertech's RK Arora.
"These ponzi schemes were operated without obtaining permission/license from the Regulatory Authorities i.e. SEBI/RBI etc. Sunheaven Agro India Ltd with a dishonest and fraudulent intention to cheat the public, collected deposits from the investors in various schemes," an official said. Assets of 'Leaps and Bounds' Submitted to Court Grossly Incomplete: Calcutta HC.
The ED investigation "revealed that the funds collected from the investors fraudulently by Sunheaven Agro India Ltd were being used for purchase of the properties and personal uses", he added. Further investigation into the matter is underway.
(The above story first appeared on LatestLY on Sep 26, 2023 04:42 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).