New Delhi, Jan 25 (UNI) Enforcement Directorate (ED) on Monday said that it has provisionally attached 1081 immovable properties measuring around 3850 acres located in Madurai, Ramanathapuram and Chennai in Tamil Nadu of worth Rs 207 Crore under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) in a case related to defrauding public in the guise of investment.
These attached assets are registered in the names of Disc Assets Lead India Limited, Eagles Eye Real Estates and Meadow Realtors and its key managerial persons.
The Central financial probe agency initiated investigation on the basis of FIR registered by the Economic Offences Wing of the Tamil Nadu Police under Sections 120B and 420 of IPC, 1860 Disc Agrotech Limited, Disc Asset Promoters India Limited and Disc Asset Lead India Limited which was incorporated in the year 2006 having V Janarthanan, N Umashankar, N Arun Kumar, C.Srinivasan, T.Shyamchander and S.Jeevalatha as directors, had collected money in installments from the public residing in various parts of Tamil Nadu, Kerala promising them lands in return.