NEW DELHI: ED Cracks Down on Economic Offenders: Properties Worth Over ₹83 Crore Attached in Two Separate Cases
In a major crackdown on economic offenses, the Enforcement Directorate (ED) has provisionally attached assets worth over ₹83 crore in two separate cases under the Prevention of Money Laundering Act (PMLA), 2002.
The ED's Delhi Zonal Office attached immovable properties valued at ₹82.29 crore belonging to MGF Developments Ltd. The assets include prime commercial spaces in the Metropolitan Mall, Gurugram, and the Metropolitan Mall, Saket, Delhi.
Meanwhile, the Lucknow Zonal Office attached movable assets worth ₹1.52 crore in connection with the Netar Sabharwal and others' bank fraud case.
The attached assets include two fixed deposits—₹1.22 crore linked to Manmohan Agarwal, proprietor of M/s Shiv Jewellers, and ₹30.76 lakh linked to Mayur Agarwal, proprietor of M/s JS Jewellers.
The action underscores the ED’s intensified efforts to recover proceeds of crime and hold offenders accountable in high-value economic frauds.
