MUMBAI: The Enforcement Directorate has seized Rs 17 lakh cash, 63 vehicles and investment documents of Rs 350 crore in fresh searches in connection with the NSEL money laundering investigation, the probe agency said today.
The searches were launched yesterday at 16 locations against various defaulters in Delhi, Chandigarh, Ahmedabad (Gujarat) , Mumbai (Maharashtra) and Bengaluru (Karnataka).
Rs 17 lakh cash, 42 heavy commercial vehciles, 21 high-end cars such as Audi, Mercedes, BMW, Range Rover, Jaguar and Fortuner, and investment documents of Rs 350 crore have been seized and the valuation of these assets is being undertaken, the agency said.
The raids were conducted under the Prevention of Money Laundering Act (PMLA) against defaulter firms– N K Protiens promoted by Nimish Patel and Nilesh Patel, Yathuri Associates promoted by Rahul Anand, Aastha Minmet India Pvt Limited promoted by Mohit Singhal and Lotus Refineries Pvt Ltd promoted by Arun Sharma. (AGENCIES)