The Enforcement Directorate has attached 48 assets worth Rs 60.44 crore as part of a money laundering investigation into an alleged fraud at a multi-state cooperative credit society in India, reports the HT.
Gilbert Baptist, who controlled the credit society through dummy directors, had diverted funds to the tune of INR200 crore belonging to thousands of depositors, to his private business enterprises, and to acquire properties for himself, his family members and aides, the agency said.
The assets include flats, shops and land parcels in various parts of Maharashtra and Karnataka.