ED attaches assets worth Rs 4,109 cr. in Agri Gold ponzi scheme

TIL Desk/Business/New Delhi/ The ED has attached properties worth Rs 4,109 crore spread across various states in a money-laundering case linked to an alleged ponzi scheme, the agency said on Thursday. The case pertains to the Agri Gold Group of Companies.

Three promoters of the group were arrested by the central agency on Tuesday. “The attached assets include 2,809 landed properties, Haailand Amusement Park in the name of Arka Leisure and Entertainments Private Limited in Andhra Pradesh (spread over 48 acres) and shares of various companies, plants and machinery,” the Enforcement Directorate (ED) said in a statement on Thursday.

The assets attached provisionally under the Prevention of Money Laundering Act (PMLA) are located in Andhra Pradesh, Karnataka, Odisha, Tamil Nadu and Telangana.