New Delhi [India]: The Enforcement Directorate (ED) has provisionally attached immovable properties worth Rs 71.48 Crore belonging to the Hindustan Infracon India in a fraud case, an official statement said on Tuesday.
ED said that immovable properties belonging to Hindustan Infracon India include non-agricultural lands and residential properties which were situated in Karnataka’s Mysore and Bengaluru.
On X (former Twitter), ED said, “ED has provisionally attached immovable properties worth Rs. 71.48 Crore which includes non-agricultural Lands and Residential properties, situated in the Mysore, Bengaluru South (Karnataka) and Ananthpura (Andhra Pradesh) belonging to M/s Hindustan Infracon (India) Private Ltd in a fraud case.”
The action has been taken under the Prevention of Money Laundering Act, 2002.
Further investigation is underway.