Saradha scam: ED attaches assets worth Rs 60 cr

  |   30 October, 2014   |   795   |   3980

Moving ahead in the multi-crore Saradha chit funds scam case, the Enforcement Directorate (ED) today attached assets, including a school, a cement factory and few resorts, worth Rs 60 crore in West Bengal in connection with its money laundering probe.



The agency, while issuing its seventh attachment of properties order under the Prevention of Money Laundering Act (PMLA), seized an operational school called Linclon High School, a cement factory by the name Landmark Cement Factory and a number of flats and resorts spread in various places in West Bengal.



The attachment order issued by the Kolkata office of the agency said the total conservative value of these assets is about Rs 60 crore but the actual market price of these immovable assets would be three-four times higher that the official valuation. “ A resort in Lataguri, residential flats in Siliguri, several tracts of land in Malda and South 24 Parganas district and accounts of East Bengal and United Mohun Bagan have been attached under PMLA laws,”  ED sources said.