Explorer

ED attaches properties of Samruddha Jeevan Foods worth Rs 101 cr

New Delhi [India], Mar 14 (ANI): The Enforcement Directorate (ED) on Tuesday attached assets amounting to Rs 101.30 crore under the provisions of the Prevention of Money Laundering Act, 2002 linked to Samruddha Jeevan Foods India Ltd. (SJFIL) owner Mahesh Kisan Motewar.

Motewar is accused of duping nearly 20 lakh investors of Rs 3, 500 crores through a Ponzi scheme.

The agency attached immovable properties of Motewar in the form of lands, residences, shops and offices, spread across eight states including Maharashtra.

These assets were purchased in the names of Samruddha Jeevan Foods India Ltd., Motewar, and his family members.

As per the agency Motewar, used to collect investment and deposits from the gullible investors with the help of chain of his well-paid commission agents.

They used to promise the investors that their money would be invested in the rearing of goats and the buffaloes promising them unreasonably high returns on their investments.

Earlier in June 2017, the ED had attached properties worth Rs. 207 Crore including a Bell makes helicopter worth Rs. 3.43 Crore in the same case.

Total attachment in this case until now is Rs.308 Crores.

The matter is under investigation. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Another Blow To Congress As IT Dept Serves Rs 1,700 Crore Notice Ahead Of Lok Sabha Elections
Another Blow To Congress As IT Dept Serves Rs 1,700 Crore Notice Ahead Of Lok Sabha Elections
Arvind Kejriwal Arrest: UN Steps In As Case Against Delhi CM Heats Up Ahead Of Lok Sabha Elections
Arvind Kejriwal Arrest: UN Steps In As Case Against Delhi CM Heats Up Ahead Of Lok Sabha Elections
'My Father Was Given Slow Poison': Son Umar On Mukhtar Ansari's Death
'My Father Was Given Slow Poison': Son Umar On Mukhtar Ansari's Death
WATCH | PM Modi Explains To Bill Gates How Researchers Can Collect Data From Masses Without Invading Privacy
WATCH | PM Modi Explains To Bill Gates How Researchers Can Collect Data From Masses Without Invading Privacy
Advertisement
for smartphones
and tablets

Videos

Mukhtar Ansari Death: Post mortem to begin soon amid heavy security, watch ground report | ABP NewsMukhtar Ansari Death: BSP Chief Mayawati Calls For 'High-Level Probe'Mukhtar Ansari Death: Nephew Of Krishnanand Rai Reacts To Mukhtar Ansari's DeathPanel Of 2 Doctors To Conduct Post-Mortem On Mukhtar Ansari's Body
Embed widget