Financial Fraud Case: ED Attaches Immovable Properties Worth Over ₹200 Cr Across Tamil Nadu

The Enforcement Directorate on Monday has provisionally attached worth over Rs.200 crore in various places across Tamil Nadu in connection with a case of financial fraud committed by the Neomax group of companies, based in Madurai.

As per officials, the crackdown has been taken under the provisions of the PMLA 2002.

Taking to the social media platform, X (formerly Twitter), the central agency stated, “ED has provisionally attached immovable properties in various places across Tamil Nadu, having market value of Rs 207 Crore, under the provisions of PMLA, 2002, in a case of financial fraud committed by the Neomax group of companies, based in Madurai.”

An investigation into the matter is underway. Further details are awaited.

Meera Verma

Recent Posts

Defamation Case: “Raut Didn’t Take Care & Caution, Caused Complainant Agony”- Mumbai Court

A Mumbai court has convicted Shiv Sena (UBT) leader Sanjay Raut in a defamation case…

8 hours ago

1984 Anti-Sikh Riots Tytler Case: Delhi Court Records Statement Of Lakhvinder Kaur

The Rouse Avenue court on Thursday recorded the emotional testimony of Lakhvinder Kaur, widow of…

8 hours ago

Satyendar Jain Says Probe In Money Laundering Case Incomplete, Seeks Default Bail In Delhi HC

Former minister Satyendar Jain, currently in jail, urged the Delhi High Court on Thursday to…

8 hours ago

Tirupati Laddus Row: SC To Hear Pleas Seeking Court-Monitored Probe On Oct 4

The Supreme Court is set to hear a series of petitions on Friday regarding the…

9 hours ago

SC Scraps Caste-Based Discrimination In Prisons, Terms It Unconstitutional

The Supreme Court on Thursday delivered a groundbreaking judgment on Thursday, declaring caste-based discrimination in…

9 hours ago

Mahadev Betting App Case: SC Gives Bail To Chhattisgarh Businessman

The Supreme Court on Thursday has granted bail to Chhattisgarh businessman Sunil Dammani, who was…

9 hours ago