NEW DELHI: The Enforcement Directorate (ED) has attached properties worth Rs 4,109 crore, spread across various states, in the Agrigold money laundering case, the agency said on Thursday.
The attached assets include 2,809 landed properties, Haailand Amusement Park in the name of Arka Leisure and Entertainments Private Limited in Andhra Pradesh (spread over 48 acres) and shares of various companies, plants and machinery," the ED said in a statement.
ED attaches Haailand Amusement Park in AP, shares of various companies, plant & machinery and 2809 landed properties located in AP, Karnataka, Orissa, Telangana, TN, totaling to ₹ 4109 crores under PMLA in a Agri Gold Ponzi fraud Case.— ED (@dir_ed) December 24, 2020
The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.
The ED initiated a probe into the matter after going through various police FIRs filed against the accused in Andhra Pradesh, Telangana and Karnataka for allegedly duping about 32 lakh investors after funds worth Rs 6,380 crore were collected from them.
Agri Gold Group of Companies, three main promoters, Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad were arrested by the ED on Tuesday and sent to 14 -days Judicial custody.
The ED attached over Rs 4109 crore worth Agrigold assets in Andhra Pradesh, Telangana, Karnataka and Odisha. A total of 56 acres of Haailand assets in AP and not only that but also many machines and shares have been attached.