- विज्ञापन -
New Delhi: The Enforcement Directorate (ED) has attached assets worth approximately Rs 36.21 crore in connection with the case against chartered accountant Amber Dalal and others in a money laundering case, the agency said on Tuesday.
As per the ED, the attached properties include 10 immovable assets located in Mumbai and Kolkata, along with movable assets in the form of fixed deposits, shares, mutual funds, and investments in alternative funds.
The ED’s Mumbai Zonal Office executed the attachment on March 21 as part of its ongoing investigation into the financial irregularities linked to the accused under the Prevention of Money Laundering Act (PMLA), 2002.
ED initiated an investigation based on the First Information Report registered by the Mumbai Police against Amber Dalal, proprietor of Ritz Consultancy Services. Amber Dalal is accused of taking money from investors through.
Ponzi scheme by promising high returns and investments in commodity trading and then absconding with their money after giving initial returns.
“It has been gathered that the amount of money raised by Amber Dalal is more than Rs 600 crore from 1,300 investors,” the ED said in a statement.
ED investigation revealed that various individuals were working as commission agents to solicit new clients for Amber Dalal’s investment in Ritz Consultancy Services.
“These agents did not conduct any due diligence about the scheme being run by Amber Dalal. The commission agents did not verify whether the funds raised from the investors were actually being invested in commodity trading. These agents did not have any MOUs or agreements for referring clients, and yet they received a huge part of investors’ funds as commission from Ritz Consultancy Services. Thus, the commission agents enjoyed the commission without conducting any due diligence and enriched themselves at the expense of investors,” said the ED.
