Archive · 18 Jul 2026
ED Attaches JVL Agro's Properties in Rs 1,970 Crore Fraud Case
The Enforcement Directorate (ED) has attached properties worth Rs 3.94 crore belonging to JVL Agro Industries Limited and its associates.
This is part of an investigation into a Rs 1,970 crore bank fraud.
The ED found that the company and its promoter, Satya Narayan Jhunjhunwala, conspired to cheat banks and launder money.
They diverted funds through various entities for personal gain.
The ED has issued three Provisional Attachment Orders (PAOs) under the Prevention of Money Laundering Act (PMLA), 2002.
The total amount attached so far is Rs 882.61 crore.
Earlier, two PAOs worth Rs 878.67 crore were confirmed by the Adjudicating Authority.
A charge sheet has been filed against JVL Agro and others, and the case is being heard by the Special Court, PMLA.
ED attached properties worth Rs 3.94 crore linked to JVL Agro Industries Limited in a Rs 1,970 crore bank fraud case.
Three Provisional Attachment Orders (PAOs) were issued under the PMLA, 2002.
Total Provisional Attachment in the case now stands at Rs 882.61 crore.
Satya Narayan Jhunjhunwala and associates conspired to cause a loss of over Rs 1,970 crore to a consortium of banks.
Proceeds of crime were diverted through family members, relatives, and various entities for personal gain.
- Who
- JVL Agro Industries Limited, Satya Narayan Jhunjhunwala, and associates
- What
- Bank fraud amounting to Rs 1,970 crore
- When
- Ongoing investigation, recent attachment on Saturday
- Where
- Prayagraj, Uttar Pradesh, India
- Why
- To recover proceeds of crime and attach properties involved in money laundering
- Total Fraud Amount
- Rs 1,970 crore
- Properties Attached
- Rs 3.94 crore
- Total Provisional Attachment
- Rs 882.61 crore
- Main Accused
- Satya Narayan Jhunjhunwala
- Act Under Which Attachment Made
- Prevention of Money Laundering Act (PMLA), 2002
- Number of PAOs Issued
- 3
- Total Proceeds of Crime
- Rs 1972 crore