ED attaches ` 1,500cr assets of Adarsh Group
New Delhi: The Enforcement Directorate has provisionally attached assets worth Rs 1,500 crore in an embezzlement case of public deposits by Adarsh Credit Cooperative Society Ltd (ACCSL). The attached properties are situated at Rajasthan, Haryana, New Delhi, Gujarat, Maharashtra and Uttar Pradesh.
These properties, which include land and buildings valued at over Rs 1,465 crore and deposits in various bank accounts of Rs 24.44 crore, belong to Adarsh group of Mukesh Modi, Virendra Modi and his family; Riddhi Siddhi group of Mahendra Tak, Saurabh Tak and properties of some other accused. The ED said in its provisional attachment order that all these properties were found involved in the offence of money laundering.