The Directorate of Enforcement's Delhi Zonal Office-II has provisionally attached immovable assets valued at Rs. 140 Crore (approx.) in an ongoing money laundering investigation involving M/s. Earth Infrastructure Ltd and associated entities.
The action has been taken under the Prevention of Money Laundering Act, 2002. The attached assets are linked to Earth Infrastructure Ltd, its subsidiaries, its promoters, family members and related entities.
The promoters identified in the action are Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta and Vikas Gupta. The attachment covers immovable assets attributed to the company-linked parties named in the investigation.
What the investigation concerns
The investigation relates to alleged largescale fraud and misappropriation of public funds. The provisional attachment forms part of the continuing money laundering proceedings, according to the Enforcement Directorate's account of the action.
A provisional attachment is an investigative measure under the PMLA. The material provided does not state that the attachment represents a final court finding, nor does it provide details about the specific properties, the alleged transactions or the amount of public funds involved.
The available information also does not specify the location of the immovable assets, the date of the attachment order, or any response from Earth Infrastructure Ltd, its promoters, family members or related entities.
Conclusion
The verified development is the provisional attachment of immovable assets worth Rs. 140 Crore (approx.) by the ED's Delhi Zonal Office-II under the PMLA during its ongoing investigation into alleged fraud and misappropriation of public funds.
Frequently Asked Questions
Q. Which agency attached the assets?
The Directorate of Enforcement's Delhi Zonal Office-II carried out the provisional attachment.
Q. What is the value of the attached assets?
The immovable assets are valued at Rs. 140 Crore (approx.).
Q. Which company is linked to the action?
The action involves M/s. Earth Infrastructure Ltd and associated entities.
Q. Who are the promoters named?
The named promoters are Avdhesh Kumar Goel, Rajnish Mittal, Atul Gupta and Vikas Gupta.
Q. Under which law was the attachment made?
The attachment was made under the Prevention of Money Laundering Act, 2002.
