The Enforcement Directorate (ED) has recently attached assets worth approximately ₹116 crore in connection with the National Spot Exchange Limited (NSEL) case. These assets include immovable properties located in Mumbai, Delhi, and Rajasthan, belonging to defaulting entities such as Mohan India Group, Vimladevi Agrotech Ltd, Yathuri Associates, and Lotus Refineries.
This action is part of an ongoing money laundering investigation into the NSEL, which has been accused of defrauding investors, forging documents, and diverting funds. With this latest attachment, the total value of assets seized by the ED in this case has reached approximately ₹3,433 crore.
The ED’s probe is based on a 2013 case filed against NSEL with the Economic Offences Wing of the Mumbai police. The agency has been actively attaching properties of defaulters to recover the defrauded amounts and compensate the affected investors.
Sources