The Enforcement Directorate (ED) on Thursday attached assets worth Rs 200 crores of a private company which is accused of cheating public with a ponzi scheme.Several properties including flats, factories, hotels, amusement park, tea estate, office spaces registered in the name of sixteen different companies of Basil International Limited (BIL) in Assam, West Bengal, Odisha, Jharkhand, Uttar Pradesh, Tripura, Maharashtra were attached under provisions of Prevention of Money Laundering Act (PMLA).Apart from the immovable properties, bank balance of Rs 1.77 crore maintained in 15 accounts of BIL and its associate companies have also been attached.The ED had initiated an investigation under PMLA on the basis of a charge sheet filed by the Central Bureau of Investigation (CBI) against the company and others for cheating people by promising huge and unsustainable returns.Investigation revealed that the funds were fraudulently collected through a chain of agents located in over seven states .
