ED Action: ED seizes assets of five accused including former GM of HAL, a case of embezzlement of 18.75 crores

Posted on 30th Jul 2022 02:30 pm by rohit kumar

Acting against a former General Manager (Finance) of Hindustan Aeronautics Limited and five others, the Enforcement Directorate has attached assets worth around Rs 2.39 crore. This action on behalf of the investigating agency has been taken during the investigation in the case of money laundering on allegations of money laundering in Hindustan Aeronautics Limited. The ED has given this information on Saturday.

 

It has been told by the ED that Bhaven Maitra, who had held the post of General Manager (Finance) in HAL (Hindustan Aeronautics Limited), Bipra Charan Maharana, Sadanand Nayak, Jisudan Khosla, Jairam Gadda, Jagannath Apart and the late Urdhwa Khosla, were on the run and Provisional order was issued for confiscation of immovable properties, this action was taken under the same order. According to the ED, the total value of the seized properties is Rs 2 crore 39 lakh 38 thousand 681.

 

Let us inform you that the ED had registered a case against the accused after taking cognizance of six FIRs registered by the Anti-Corruption Bureau of CBI in Bhubaneswar in this case. The accused are accused of embezzling HL's amount of Rs 18.75 crore between 2013 and 2018 using forged documents.

 

Property of former Cuttack MLA was also seized

 

The ED has also provisionally attached movable and immovable assets worth Rs 3,92,20,000 of former Cuttack MLA and Pravat Ranjan Biswal of Media Guru Consultants Pvt Ltd under the PMLA Act in the Ponzi scam case. So far, assets worth Rs 261.92 crore have been attached in this case.

 

Also Read: Parth-Arpita will be interrogated today: ED will answer questions by sitting both faces to face, there may be a raid on the penthouse of the former minister

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