The Enforcement Directorate (ED) on Tuesday attached shares worth Rs 452 crore of ILFS Tamil Nadu Power Company Limited (ITPCL) held by a Singapore-based shell company.
“The ED has provisionally attached assets totaling to Rs 452 crores belonging to AS Coal Pte Singapore, a Singapore-based shell company owned by a British National Jaimin Vyas under Prevention of Money Laundering Act, 2002 (PMLA) in a case relating to fraud,” the agency said in a statement.
The attached assets are in the form of 8.86 per cent shares of ITPCL presently worth around Rs 452 crore, it said.
The ED had initiated investigation under PMLA on the basis of FIR registered by EOW, Delhi against IRL, ITNL (Group companies of IL&FS), its officials and others.
