ED attaches assets worth over Rs 55 Cr in drugs money-laundering case against expelled DMK man
ED attaches assets worth over Rs 55 Cr in drugs money-laundering case against expelled DMK man
NEW DELHI: The Enforcement Directorate (ED) on Thursday said it has attached assets worth more than Rs 55 crore of Chennai-based expelled DMK functionary Jaffer Sadiq and some of his associates as part of a narcotics trafficking-linked money-laundering investigation.
A provisional order under the Prevention of Money Laundering Act (PMLA) was issued by the federal agency on September 2 to attach 14 properties, including the JSM Residency Hotel, a luxurious bungalow and seven high-end vehicles like Jaguar and Mercedes, the ED said in a statement.
The total value of these properties is Rs 55.3 crore, it said.
