New Delhi: A special court here has confirmed an Enforcement Directorate order to attach over Rs 566 crore assets in connection with its money laundering probe in the NSEL case.
A provisional attachment order by the central probe agency was issued in September last year attaching four mutual fund deposits in the name of Ms 63 Moons Technologies Limited (formerly Financial Technologies India Limited). The agency had added while the investment value of these attached assets was Rs 306.70 crore, their market value is over Rs 566.32 crore. “Considering the material in the original complaint, the replies and rejoinders and the arguments above referred, I find that all the properties provisionally attached by the provisional attachment order of 2016…are involved in money laundering. “I, therefore, hereby confirm the attachment of the properties made under sub-section (1) of Section 5 of the Prevention of Money Laundering Act. I, therefore, order that the said attachment shall continue during the pendency of the proceedings relating to offence under the PMLA before a court and become final after an order of confiscation is passed under….PMLA by the special court,” a recent order by the Member (Law) of the Adjudicating Authority of PMLA, Tushar V Shah said.