4 hrs ago
Enforcement Directorate Searches Attica Gold Premises Across Four Cities
The Enforcement Directorate searched offices and other locations linked to Attica Gold.
The searches happened in four cities.
The agency is investigating possible money laundering.
It says the company regularly bought gold that may have been stolen.
Officials also accused company-linked people of collecting money from illegal activities.
The searches involved 16 premises.
The agency said some important people were absent during the raids.
Officials reported finding cash, foreign currency, gold and silver items.
The Enforcement Directorate searched 16 Attica Gold-linked premises in Bengaluru, Chennai, Hyderabad and Visakhapatnam.
The two-day searches concluded on September 24 as part of a money-laundering probe.
The agency accused Attica Gold Private Limited of regularly buying and acquiring stolen gold articles.
Searches covered company directors, former directors, shareholders, offices, branches and associated individuals.
The agency seized ₹7.52 lakh in cash, along with foreign currency, gold and silver articles.
- Who
- The Enforcement Directorate and Bengaluru-based Attica Gold Private Limited, along with its directors, former directors, shareholders and associates.
- What
- The Enforcement Directorate conducted searches and seized ₹7.52 lakh, foreign currency, gold and silver articles during a money-laundering investigation.
- Where
- Sixteen premises in Bengaluru, Chennai, Hyderabad and Visakhapatnam.
- When
- The two-day searches concluded on September 24; the agency announced the seizure on Friday.
- Why
- The searches followed allegations that Attica Gold regularly bought stolen gold and accumulated proceeds of crime.
Key facts
- Investigating agency
- Enforcement Directorate
- Company under probe
- Attica Gold Private Limited
- Legal framework
- Prevention of Money Laundering Act
- Premises searched
- 16
- Cities involved
- Bengaluru, Chennai, Hyderabad and Visakhapatnam
- Cash seized
- ₹7.52 lakh
- Other items seized
- Foreign currency, gold and silver articles
Sources
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