The Enforcement Directorate (ED) has attached assets worth over Rs 1,500 crore in a money-laundering probe against the Sahara Group. Under the PMLA, the ED provisionally attached 1,023 acres of land across 16 cities, allegedly bought via benami deals using diverted funds.
The properties, valued at Rs 1,538 crore (2016 circle rate), span Gujarat, Odisha, Maharashtra, Karnataka, Rajasthan, J&K, and UP. This follows last week’s attachment of 707 acres in Lonavala worth Rs 1,460 crore.
The case arises from 500+ FIRs, including against Humara India Credit Cooperative and others. The ED accuses Sahara of running a Ponzi scheme, misleading investors with false promises.
