Enforcement Directorate Seizes Assets in Maharashtra Money Laundering Case

The Enforcement Directorate has attached assets worth over Rs 8 crore in Maharashtra tied to an alleged money laundering case involving Siddharth and Abhay Chokshi. The case is linked to undisclosed foreign income and assets through a British Virgin Islands entity, with a bank account in Singapore.

The Enforcement Directorate has taken significant action by attaching assets worth more than Rs 8 crore in a Maharashtra-linked money laundering case. This development comes in light of allegations against Siddharth and Abhay Chokshi.

The agency has issued a provisional attachment order under the Prevention of Money Laundering Act against the accused individuals. The properties involved include tax-free bonds and land in Pune, totaling Rs 8.09 crore.

The case is related to undisclosed foreign income and assets tied to a British Virgin Islands company, Blue Mist International Inc., linked to the accused and held in a bank account in Singapore.

(With inputs from agencies.)