ED attaches property worth Rs 26.25 crore of DPIL
The Enforcement Directorate (ED) on Monday said that they have provisionally attached immovable assets worth Rs 26.25 crore in form of land, residential and commercial properties of Diamond Power Infrastructure Ltd and others in a bank fraud case. With this, the total attachment in the case has gone up to Rs 1,128.97 crore.
“We attached the property of Diamond Power Infrastructure Ltd (DPIL) and its erstwhile Directors, Promoters and their family members. This is a bank fraud case. In 2018, we attached property worth Rs 1,122.72 crore belonging to the accused,” said an ED official.
The ED initiated money laundering investigation on the basis of a CBI case lodged against DPIL and others for commission of offence under sections 420, 467, 468, 471 r/w 120-B of IPC and section 13(2) read with section 13(1)(d) of the Prevention of Corruption Act, 1988.
