Assets Worth Rs 3,830 Cr Seized, Identified in PMC Bank Money Laundering Case, Says ED
The Enforcement Directorate said it is valuing a number of properties of Housing Development and Infrastructure Limited (HDIL), its directors, promoters, Punjab and Maharashtra Co-operative (PMC) Bank officials and others.
File photo of Enforcement Directorate
Mumbai/New Delhi: The Enforcement Directorate on Monday said it has seized and identified assets worth Rs 3,830 crore in the PMC Bank money laundering case.
The central probe agency said it is valuing a number of properties of Housing Development and Infrastructure Limited (HDIL), its directors, promoters, Punjab and Maharashtra Co-operative (PMC) Bank officials and others.
The identified assets will soon be attached under the Prevention of Money Laundering Act (PMLA).
"Further probe is in progress to identify and locate the balance proceeds of crime," the Enforcement Directorate (ED) said in a statement.
The ED case is based on an FIR filed by the Economic Offences Wing (EOW) of Mumbai police. The central agency had conducted raids in the case early this month.
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