India on Tuesday, April 15, published the Directorate for Recognition of Law (ED) that they attached £1,460 Crore Aamby Valley City Property in Lonavale on his probe washing money against the Sahara Group, reported about the PTI press agency.
The property of an area of 707 acres is located in the Sahydri Mountain Mountains in the PUNE district, Maharashtra. According to the agency report, the city was called “The first planned Hill City in India” with large golf courses, lakes, villas, cottages and cottages to provide first -class levels to their inhabitants.
This property is located 110 kilometers from Mumbai and almost 90 kilometers from Pune, two metropolitan cities that provide employment and opportunities for businesses and corporations.
According to the ED report, the land for Aamby Valley City was purchased in the names “Benami” with means that were reportedly “diverted” from the Sahara Group entities according to the report.
According to an agency report, her Kolkata Authority issued an interim order under the Money Washing Act (PMLA) to attach the city of Aamba Valley with a money laundering probe.
Sahara Group Money Washing
The Sahara Group was involved in the Ponzi system through their various subsidiaries and the case was filed against the accusation that investors were “cheated” in the loading of funds, “forced” to smooth out the funds without their consent and “refused” their maturity, despite the required maturity.
The case of money laundering has more than 500 FIRs submitted by several ministries of the state police and three of these companies are against Humara India Credit Cooperative Society LTD (Hiccsl) and others from Odisha, Bihar and Rajasthan.
Hiccsl, Sahara Credit Cooperative Society Limited (SCCSL), Saharyn Universal Multipurpose Cooperative Society (Sumcs), Stars Multipurpose Cooperative Society Limited (SMCSL), Sahara India Commercial Corporation Ltd Estate Corporation LTD (Sirecl), Sahara Housing Investment Corporation Ltd (Shicl), and Other Group Entities Were Allegedly Involved in this scheme, according to the report.
(Tagstotranslate) Sahara Group
