City
Epaper

ED seize Rs 46.85L from Patliputra builders in Patna

By IANS | Updated: March 9, 2022 10:25 IST

Patna, March 9 The Enforcement Directorate (ED) has seized Rs 46.85 lakh from the residence of Managing Director ...

Open in App

Patna, March 9 The Enforcement Directorate (ED) has seized Rs 46.85 lakh from the residence of Managing Director of Patliputra builders Ltd, Anil Singh.

The action was taken on Tuesday night.

Singh is currently in jail after the ED had seized Rs 2.62 crore on October 29, 2021. And as part of the ongoing probe, ED again searched his house.

According to an ED official, Singh had taken money from home buyers, but had failed to deliver the properties on time. He is also booked under IPC section of attempt to murder and the Arms Act. The ED acted against him on the charges of Prevention of Money Laundering Act (PMLA) 2002.

The official further said that Singh had illegally amassed Rs 9,47,18,011 from the employees of some newspapers and publications Ltd to build a housing society. On failure to do so, the buyers went to the court, and following the directions of the court, he had to return the said amount. But, Singh did not return the money.

The ED is also looking after the two FIRs registered against him in Patna's Kotwali police station and Alamganj police station. The charge sheet in both the cases has been filed in the court.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: LTDAnil SinghEnforcement DirectorateDepartment of economic affairs of finance ministryRevenue and department of economic affairsGovernment of india, directorate of enforcementIncome tax, enforcement directorateFormer enforcement directorate
Open in App

Related Stories

BusinessAnil Ambani’s Son Jai Anmol Booked by CBI In Rs 228 Crore Banking Fraud Case

BusinessAnil Ambani’s Reliance Power, Reliance Infra Shares Tank 5% After ED Files Fresh Complaint; Company Denies Wrongdoing

BusinessAnil Ambani’s Reliance Power Rises 1% After ADAG Group Chairman Moves Supreme Court Against Fraud Tag

BusinessAnil Ambani’s Reliance Power and Reliance Infra Shares Jump After Strong Q2 Results Despite ED Probe

PuneNews of ED Raid on Pune Construction Majors False

National Realted Stories

NationalOdisha vigilance arrests Additional Tehsildar in Jajpur

NationalDrug factory busted in Rajasthan; 40 kg mephedrone among seizures

NationalDrug supply chain largely curbed in Mizoram, full eradication still a challenge: CM Lalduhoma

NationalMaram Naga delegation meets Manipur Governor; seeks protection of ethnic, cultural heritage

NationalNational Herald case: ED challenges trial court relief to Sonia, Rahul