Bengaluru, Sep 25 (UNI) Directorate of Enforcement (ED) has attached, under the provisions of the
Prevention of Money Laundering Act, 2002 (PMLA), assets worth Rs 255.17 crores of Kanava group of Companies in a case related to cheating of investors.
The attached assets are in the form of immovable properties in Karnataka (Agriculture & non-Agriculture land and Buildings & Resorts) and movable properties in the form of balances in bank accounts in the name of N Nanjundaiah & his family members, Kanva Group of Companies and other entities.