Enforcement Directorate has attached immovable and movable assets worth around 366 crore rupees belonging to Adarsh Group of Companies, Riddhi Siddhi Group of Companies and others.
The attached assets are in the form of agricultural, residential and commercial land parcels situated at Rajasthan, Haryana and New Delhi and fixed deposits.
The ED had initiated investigation on the basis of an FIR registered by Special Operation Group, Rajasthan Police against Mukesh Modi, Rahul Modi and others of Adarsh Group, officials of Adarsh Credit Cooperative Society Ltd (ACCSL) and other private persons.
The investigation revealed that they and associates including society’s officials, siphoned off depositors’ funds from ACCSL by way of inter linked fraudulent transactions.
Earlier, ED had attached properties worth over 1489 Crore rupees across six states. Based on the outcome of the investigation so far, total Proceeds of Crime unearthed to the tune of 3830 Crore rupees.
Out of this, the agency has provisionally attached movable and immovable assets valued to over 1854 Crore rupees of Adarsh Group of Companies, Riddhi Siddhi Group of Companies and others.