ED attaches assets worth over Rs 118 cr in illegal forex trading case
The Enforcement Directorate on Thursday said it has attached various kinds of movable and immovable assets like mutual funds, shares, bonds, flats and houses worth more than Rs 118 crore as part of a money laundering probe into illegal forex trading by a company and its promoters.
A provisional order for attachment of these properties, under the Prevention of Money Laundering Act (PMLA), belonging to Prasenjit Das, Shailesh Pandey, Tushar Patel and a company called TP Global FX has been undertaken, the federal probe agency said in a statement.
The money laundering case stems from an FIR registered by the Kolkata Police.
The attached assets, worth a total of Rs 118.27 crore, is in the form of shares, mutual funds, bonds, AIF/PMS (alternative investment funds and portfolio management services), cash in bank accounts, a luxury vehicle (MG Hector), flats, commercial business places, hotels and resorts, it said.
The probe found that Das, Pandey, Patel and some others used various "dummy