The Enforcement Directorate (ED) has attached assets worth Rs 69.14 crore of Tamil Nadu-based businessman Dhanraj Kochar and his family members in connection with a case of cheating of more than Rs 100 crore, the agency said.
The attached properties include immovable assets as well as movable assets (in the form of fixed deposits and jewellery) to the tune of Rs 69.14 crore.
The properties were attached under the Prevention of Money Laundering Act (PMLA), 2002.
The federal agency initiated a money-laundering investigation on the basis of the First Information Report (FIR) registered by Tamil Nadu Police against Dhanraj Kochar, his family members and associates under various sections of the Indian Penal Code (IPC) for cheating and criminal conspiracy of more than Rs 100 crore, stated ED.
This move followed after the agency on September 29 last year conducted a search operation at the residential and business premises and bank lockers of Kochar and his family members and seized Indian Currency, jewellery and various incriminating documents.
(With inputs from ANI)
