Stock Guru scam: ED to attach Rs 125 cr property of accused
22 May 2013 1:02 PM GMT
The Enforcement Directorate (ED) is set to attach properties worth more than Rs 125 crore of the main accused in the Stock Guru scam, Ullas Prabhakar and his wife, under money laundering laws.
The agency has recently recorded the statement of the duo who are lodged in Tihar jail in judicial custody. The agency had registered a regular case under the Prevention of Money Laundering Act (PMLA) sometime back after the couple was arrested by Delhi police last year. Flats of the couple in places like Mumbai, Hyderabad, Ratnagiri, Nagpur, other assets and cash worth Rs 125 crore will be attached.
The agency has recently recorded the statement of the duo who are lodged in Tihar jail in judicial custody. The agency had registered a regular case under the Prevention of Money Laundering Act (PMLA) sometime back after the couple was arrested by Delhi police last year. Flats of the couple in places like Mumbai, Hyderabad, Ratnagiri, Nagpur, other assets and cash worth Rs 125 crore will be attached.
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