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ED Attaches 17 Properties Worth Rs 6.52 Crore
The Enforcement Directorate has taken control of 17 properties in Daman and Valsad.
The properties are worth about Rs 6.52 crore.
The action is part of a money-laundering investigation involving businessman Suresh Jagubhai Patel and others.
Investigators say Patel used threats and criminal power to control scrap trading and transport services in Daman.
Police cases linked to the investigation include allegations such as murder, extortion, forgery and illegal firearms possession.
The ED says assets worth Rs 13.85 crore have now been seized, attached or frozen in the case.
In a separate investigation, officials searched places connected to Nimar Agro Park in Madhya Pradesh.
They seized documents and digital devices and froze four bank lockers.
The Enforcement Directorate attached 17 immovable properties in Daman and Valsad valued at Rs 6.52 crore.
The action concerns Suresh Jagubhai Patel and others under the Prevention of Money Laundering Act.
The ED alleges Patel built a scrap-trading and transport monopoly through threats, intimidation and criminal activity.
Total movable and immovable assets seized, attached or frozen in the case have reached Rs 13.85 crore.
In a separate Madhya Pradesh case, the ED searched four premises linked to Nimar Agro Park and froze four bank lockers.
- Who
- The Enforcement Directorate, Suresh Jagubhai Patel, associate Mahesh Nanda and others are involved in the case.
- What
- The ED attached 17 properties worth Rs 6.52 crore and reported a separate search linked to Nimar Agro Park.
- Where
- The attached properties are in Daman and Valsad, Gujarat; the separate searches occurred in Madhya Pradesh.
- When
- The property attachment was carried out on Tuesday; the separate searches took place on Wednesday. A chargesheet was filed on November 27, 2024.
- Why
- The actions relate to alleged money laundering, criminal activity and the alleged diversion and misuse of a Rs 13.99 crore NABARD loan.
Key facts
- New properties attached
- 17 immovable properties
- Value of latest attachment
- Rs 6.52 crore
- Total assets seized, attached or frozen
- Rs 13.85 crore
- Earlier cash and bank balances seized or frozen
- Rs 2.90 crore
- Previously confirmed properties
- 24 properties in Daman and Mumbai worth Rs 4.42 crore
- Separate loan investigation
- Alleged diversion and misutilisation of a Rs 13.99 crore NABARD loan
- Separate search result
- Documents and digital devices seized; four bank lockers frozen
Sources
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