The Enforcement Directorate (ED) on Wednesday provisionally attached fresh assets valued at over Rs 177 crore in connection with the money laundering case against NSEL.
The officials have attached 10 immovable properties of Surender Gupta of PD Agro Processors Pvt Ltd and Dunar Foods Ltd, a major defaulter of NSEL having a market value of Rs 177.33 crore under the Prevention of Money Laundering Act.
The total worth of attached assets in the case stands at Rs 2,890 crore.
The ED officials said the company, P D Agro Processors Pvt Ltd, has fraudulently obtained huge funds from NSEL by trading on the exchange platform against the non-existent/fictitious sale of their commodity, which is paddy/rice. The money trail has revealed that a huge chunk of proceeds of crime has been transferred to M/s Dunar Foods Ltd, a sister concern of PD Agro Processors Pvt Ltd."
The ED, along with the Economic Offences Wing of the Mumbai Police, had registered a criminal case in 2013 under the PMLA to probe NSEL and others associated with it for defrauding 13,000 investors to the tune of Rs 5,600 crore.
The officials have attached 10 immovable properties of Surender Gupta of PD Agro Processors Pvt Ltd and Dunar Foods Ltd, a major defaulter of NSEL having a market value of Rs 177.33 crore under the Prevention of Money Laundering Act.
The total worth of attached assets in the case stands at Rs 2,890 crore.
The ED officials said the company, P D Agro Processors Pvt Ltd, has fraudulently obtained huge funds from NSEL by trading on the exchange platform against the non-existent/fictitious sale of their commodity, which is paddy/rice. The money trail has revealed that a huge chunk of proceeds of crime has been transferred to M/s Dunar Foods Ltd, a sister concern of PD Agro Processors Pvt Ltd."
The ED, along with the Economic Offences Wing of the Mumbai Police, had registered a criminal case in 2013 under the PMLA to probe NSEL and others associated with it for defrauding 13,000 investors to the tune of Rs 5,600 crore.
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