The Enforcement Directorate has attached an amount equivalent to ₹41.87 crore lying in bank accounts in Hong Kong of some shell companies in connection with the Jawaharlal Nehru Port Trust (JNPT)-OBC bank fraud case. ₹109 crore recovered“The amount was further transferred to various accounts and part of which was siphoned off to Hong Kong in the accounts of shell companies controlled by the accused. An amount of ₹109 crore has been recovered and returned to the Trust,” said the agency. The Enforcement Directorate’s money laundering probe is based on an FIR registered by the Central Bureau of Investigation in 2014. The agency has already attached immoveable properties worth ₹1.08 crore in India and filed a chargesheet against the accused persons in June 2018.

Source: The Hindu January 04, 2019 16:52 UTC