Directorate of Enforcement (ED) has provisionally attached worth over Rs 200 crore in various places across Tamil Nadu in connection with a case of financial fraud committed by the Neomax group of companies, based in Madurai, officials said on December 18.
As per officials, the crackdown was taken under the provisions of the Prevention of Money Laundering Act, (PMLA) 2002.
Taking to the social media platform, X, the central agency said, “ED has provisionally attached immovable properties in various places across Tamil Nadu, having market value of Rs 207 Crore, under the provisions of PMLA, 2002, in a case of financial fraud committed by the Neomax group of companies, based in Madurai.” An investigation into the matter is underway.
ED has provisionally attached immovable properties in various places across Tamil Nadu, having market value of Rs.207 Crore, under the provisions of PMLA, 2002, in a case of financial fraud committed by the Neomax group of companies, based in Madurai.
— ED (@dir_ed) December 18, 2023
Further details are awaited.
(with inputs from ANI)
