New Delhi Apr 18 PTI Assets worth over Rs 757 crore belonging to multi-level marketing MLM scheme promoting company Amway India have been attached under the anti-money laundering law the Enforcement Directorate said on MondayThe provisionally attached properties of Amway India Enterprises Pvt Ltd include land and factory building at Dindigul district in Tamil Nadu plant and machineries vehicles bank accounts and fixed deposits it said in a statementOut of the total Rs 75777 crore of assets attached under the Prevention of Money Laundering Act PMLA immovable and movable properties are worth Rs 41183 crore while the rest are bank balances of Rs 34594 crore kept in 36 accounts belonging to Amway it saidThe federal agency accused the company of running a multi-level marketing scam where prices of most of the products offered by the company were exorbitant as compared to the alternative popular products of reputed manufacturers available in the open market PTI NES DV DV
New Delhi Jan 18 PTI The Enforcement Directorate ED on Tuesday raided multiple locations in poll-bound Punjab as part of a money laundering probe against the sand mafia and companies linked to alleged illegal sand mining in the border state officials saidThey said at least 10-12 locations in the state including in Chandigarh and Mohali are being covered by the officials of the federal agency and the action is being undertaken under the provisions of the Prevention of Money Laundering Act PMLAPremises linked to a person identified as Bhupinder Singh alias Honey are also being covered He is stated to be a relative of Punjab Chief Minister Charanjit Singh ChanniOpposition parties have earlier linked Channi with the dealings of Honey which the former had deniedThe ED action sources said has been initiated after taking cognisance of a 2018 FIR of the Punjab Police against some companies and individuals alleged to be involved in illegal sand mining in the stateVoting for 117 assembly seats in Punjab is slated on February 20 PTI NES DV DV
New Delhi Jan 18 PTI The Enforcement Directorate ED on Tuesday raided multiple locations in poll-bound Punjab as part of a money laundering probe against companies involved in illegal sand mining in the border state officials saidThey said at least 10-12 locations in the state are being covered by the officials of the federal agency and the action is being undertaken under the provisions of the Prevention of Money Laundering Act PMLASome people with political links are also stated to have been coveredThe state is poll-bound with voting slated to take place for its 117 assembly seats on February 20 PTI NES DV DV
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