A- A A+
Last Updated : Sep 21 2019 11:01AM     Screen Reader Access
News Highlights
PM Narendra Modi on his way to US to attend UN General Assembly            India, Mongolia sign MoUs in areas including space, disaster management & culture            Industry, Trade welcome govt decision to cut corporate tax rate saying it will boost economy            GST Council rates cut in several items including hotel tariffs            12 people killed in bomb explosion near holy city of Karbala in Iraq           

National News

Jul 18, 2019
9:17PM

ED attaches assets worth Rs 200 cr in Ponzi Scheme case

@dir_ed
The Enforcement Directorate, ED, has attached assets worth 200 crore rupees in a Ponzi Scheme case under the provisions of Prevention of Money Laundering Act.

The attached assets include lands, flats, factories, hotels and shops registered in the name of sixteen different companies of Basil International Limited in Assam, West Bengal, Odisha, Jharkhand, Uttar Pradesh, Tripura and Maharashtra. 

In a statement, the ED said, it had initiated investigation on the basis of the Charge-sheet filed by CBI against the company for cheating common public by propagating and selling illegal schemes by promising huge and unsustainable returns.

The ED said, the investigation also revealed that the funds collected through the schemes were illegally diverted by creating a web of shell companies. More than 60 private and public
limited shell companies have been identified so far.


Apart from the immovable properties, balance amount of one crore 77 lakh lying in 15 accounts maintained in the name of Basil International Limited and other associate companies have also been attached.
 

Live Twitter Feed

Listen News

Morning News 21 (Sep) Midday News 20 (Sep) News at Nine 20 (Sep) Hourly 21 (Sep) (1005hrs)
समाचार प्रभात 21 (Sep) दोपहर समाचार 20 (Sep) समाचार संध्या 20 (Sep) प्रति घंटा समाचार 21 (Sep) (1000hrs)
Khabarnama (Mor) 21 (Sep) Khabrein(Day) 20 (Sep) Khabrein(Eve) 20 (Sep)
Aaj Savere 21 (Sep) Parikrama 20 (Sep)

Listen Programs

Market Mantra 20 (Sep) Samayki 20 (Sep) Sports Scan 20 (Sep) Spotlight/News Analysis 20 (Sep) Samachar Darshan 20 (Sep) Radio Newsreel 19 (Sep)
    Public Speak

    Country wide 19 (Sep) Surkhiyon Mein 19 (Sep) Charcha Ka Vishai Ha 18 (Sep) Vaad-Samvaad 3 (Sep) Money Talk 3 (Sep) Current Affairs 20 (Sep)