ED attaches Rs 60 cr assets of Maha coop society chairman, associates in fraud case
New Delhi, Jun 9 (PTI) Assets worth more than Rs 60 crore of the Chairman of a Maharashtra-based cooperative society have been attached under the anti-money laundering law in a case linked to alleged diversion and duping of investor funds of around Rs 200 crore, the ED said on Friday.
A provisional order for attachment of immovable properties like flats, shops and lands belonging to Gilbert Baptist has been issued under the Prevention of Money Laundering Act (PMLA), the federal agency said in a statement.
The total value of these assets is Rs 60.44 crore and apart from Baptist, they belong to his family members, aides and entities controlled by him, it said.
