NEW DELHI: In fresh action against the Sahara Group , ED on Monday searched nine premises in Ghaziabad, Lucknow, Sriganganagar and Mumbai in a money laundering case linked to land and share transactions of group entities.
The enforcement agency has so far attached assets worth thousands of crores, including 707 acres in Amby Valley valued at over Rs 1,460 crore, 1,023 acres in Sahara Prime City worth Rs 1,538 crore, and movable assets of Chandni Roy, wife of Seemanto Roy, worth Rs 14.8 crore. Two top executives are in jail, while promoter Subrata Roy's sons are abroad.
"Incriminating documents were seized and statements of key people recorded," ED said. The case is based on FIRs in Odisha, Bihar and Rajasthan against Humara India Credit Cooperative Society Ltd and others, part of over 500 FIRs filed against Sahara entities.
ED alleged Sahara ran a Ponzi scheme through multiple companies, luring depositors with high returns and agents with commissions, coercing redeposits, misrepresenting repayments, siphoning funds, and denying depositors' dues.
The enforcement agency has so far attached assets worth thousands of crores, including 707 acres in Amby Valley valued at over Rs 1,460 crore, 1,023 acres in Sahara Prime City worth Rs 1,538 crore, and movable assets of Chandni Roy, wife of Seemanto Roy, worth Rs 14.8 crore. Two top executives are in jail, while promoter Subrata Roy's sons are abroad.
"Incriminating documents were seized and statements of key people recorded," ED said. The case is based on FIRs in Odisha, Bihar and Rajasthan against Humara India Credit Cooperative Society Ltd and others, part of over 500 FIRs filed against Sahara entities.
ED alleged Sahara ran a Ponzi scheme through multiple companies, luring depositors with high returns and agents with commissions, coercing redeposits, misrepresenting repayments, siphoning funds, and denying depositors' dues.
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