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ED attaches properties worth Rs 96 Cr in Emaar scam - ABN

Tue, Nov 25, 2014, 11:40 AM
Enforcement Directorate has filed a case on alleged irregularities on sale of villas in EMAAR Hills and attached properties of the company worth Rs. 96 Cr. ED announced that it will siege the property under Money Laundering Act.The case was taken up by the CBI which has already filed a charge-sheet against Emaar and its officials. ED has identified that they have collected money from buyers of Villas unlawfully. ED attached 36.14 acres of Koneru Pradip at Marpally of Ranga Reddy, 14 plots of EMAAR , fixed deposits worth Rs 20 Cr in Southend Project, 25.2% share of Indu Shyamprasad Reddy, 2054 sq yards land of Stylish Homes of Gachibowli.
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