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Lucknow: Lucknow unit of Enforcement Directorate Attached the fixed assets of the real estate firm on Sunday shine city Sultanpur, Jhansi, Pratapgarh, Pindra (Varanasi), Bara (Allahabad) and Bakshi Ka Talab (Lucknow) costing Rs 31.24 crore.
ED attaches properties worth Rs 50 cr of Shine City since registration of one PMLA Case against its owners in January 2021. According to officials, 226 FIRs have been registered against the real estate firm across the state.
The agency registered a case against the Prevention of Money Laundering Act, 2002 Shine City Infra Project Pvt Ltd for defrauding crores of rupees involving investors across the state in January 2021. The ED said a PMLA case was registered against the company, its directors Rasheed Naseem, Asif Nafees, Javed Iqbal and others.
ED officials said the real estate firm and its owners were booked for cheating the public at large by luring them to invest in various lucrative schemes launched by the company.
“As per the various FIRs and complaints received on record, the proceeds of crime at this stage of investigation is approximately Rs 80.78 crore,” said an official. ED officials said that the proceeds of crime, in the form of money, were collected from the public at large through various illegal lucrative schemes, in which the agents of the company sold the schemes to the public at large on commission basis.
The ED official said, “Shine City companies bought land from farmers and sold it in small pieces.”
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