Emaar case: ED attaches Rs 96 crore

The Enforcement Directorate (ED) has attached properties worth Rs 96 crore in the Emaar scam under the Prevention of Money Laundering Act.

This is the second time where as the first attachment was in 2012, Now the directorate has attached properties of the accused involved in the Emaar Hills Township Pvt Ltd scam valued upto 96 crore suming up to a total of 167 crore .

Details of property attached:
 *fixed deposits worth Rs 20 crore with Andhra Bank held by Southend Projects & Foundations Pvt Ltd
 *shares worth Rs 25.21 crore of Mr Indukuri Shyam Prasad Reddy of Indu Projects Limited
*36.14 acres of land worth Rs 12.83 crore at Bilkal and Mallikarjunagiri villages of Ranga Reddy district belonging to Mr Koneru Pradeep, son of Mr Koneru Rajendra Prasad,
*14 unsold plots with EHTPL held by Stylish Homes worth Rs 1.02 crore, 2,057 sq. yard land in Gachibowli of Stylish Homes Real Estates Pvt Ltd worth Rs 1.2 crore, and 4.08 acre land at Nanakramguda worth of Rs 13.9 crore held by Emaar Hills.

Enforcement Directorate had in its first attachment properties valued at Rs 71 crore where attached in 2012.