ED attaches fashion
The Enforcement Directorate (ED) has provisionally attached assets valued at Rs. 19.60 crore belonging to the Fashion Gold Group Company in Kozhikode, Kerala, as part of a money laundering case. The announcement was made by the ED on X, stating, “ED, Kozhikode has provisionally attached assets valued at Rs. 19.60 Crore approx. in the Fashion Gold Case (a cheating case) under the PMLA, 2002 on 02.08.2024.”
The attached assets include immovable properties owned by the Fashion Gold Group Company, its Chairman MC Kamaruddin, Managing Director TK Pookoyathangal, and their family members. This action is taken under the Prevention of Money Laundering Act (PMLA), 2002, indicating a serious crackdown on financial irregularities and fraudulent activities associated with the group.
The ED’s move highlights the ongoing efforts to address and mitigate money laundering and related offenses in India. The provisional attachment of assets is a significant step in ensuring that those involved in financial misconduct are held accountable, and the illicit assets are recovered. This development serves as a reminder of the ED’s commitment to upholding financial integrity and law enforcement in the country.
Over 40 missiles and 70 drones hit Ukraine's energy facilities, targeting gas infrastructure. Despite air…
World leaders, including President Biden, UN Secretary-General Guterres, and European officials, welcomed the ceasefire deal,…
Cristiano Ronaldo’s new contract with Al Nassr will not only keep him at the club…
Missi Roti, a nutritious Indian flatbread, ranks 56th on Taste Atlas' 'worst foods' list, causing…
South African authorities rescued 246 survivors and recovered 78 bodies from an illegal gold mine.…
Fianna Fail leader Micheal Martin is set to reclaim Ireland’s premiership under a new coalition…