Thursday, September 28, 2023

ED seeks confiscation of properties worth Rs 21 crore of three companies in Odisha – N.F Times

Bhubaneswar: The Enforcement Directorate (ED) has urged the special PMLA (Prevention of Money Laundering Act) court to confiscate three companies’ properties worth Rs 21 crore. These companies are ARSS Damoh-Hirapur Tolls Pvt. Limited, ARSS Infrastructure Projects Limited and Anil Contractor Pvt. Limited.

The ED has filed Prosecution Complaint under the Prevention of Money Laundering Act, 2002 (PMLA) against the three aforesaid companies before the special MPLA court with a prayer for the conviction of the accused and confiscation of properties involved in the money laundering worth over Rs 21 crore.

The accused chief managing directors and directors of the companies have been identified as Subash Agarwal, Anil Agarwal, Shoumendra Keshari Pattanayak and Shiv Kumar Shingla.


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