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ED attaches properties worth Rs 4.76 crore of Mumbai firm in ponzi case

An official said that the agency registered a case on the basis of two FIRs registered by Delhi Police for cheating, fraud and criminal conspiracy by several investors.

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Photo for representational purpose

Photo for representational purpose

The Enforcement Directorate on Wednesday said that it has attached immovable and movable properties totalling Rs 4.76 crore of Mumbai based Shree Om Sainath Construction Pvt. Limited and other individuals related to its director Roopesh Verma in connection with its money laundering probe.

An ED official said that the agency attached the properties totalling Rs 4.76 crore under the Prevention of Money Laundering Act (PMLA), 2002 in a case relating to a Ponzi scheme.

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