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ED attaches FTIL's mutual fund investment worth Rs 135-cr

With this, total attachment of immovable and movable assets in NSEL case has risen to Rs 2,191 crore

Dilip Kumar Jha  |  Mumbai 

Big lenders submit loan documents related to Kingfisher Airlines to ED

In a fresh action in the Rs 5,600 crore payment crisis on the National Spot Exchange Ltd (NSEL), the enforcement directorate (ED) has attached investment worth Rs 135 crore in mutual funds etc. of promoter 63 moons technologies ltd (formerly known as Financial Technologies (India) Ltd).

With this, total attachment of immovable and movable assets in case has risen to Rs 2,191 crore.

Confirming the development, an official said that the investigating agency has attached mutual fund and other investments assets worth Rs 135 crore belonging to in case.

Since the payment crisis erupted on in July 2013, various investigating agencies including the ED, the economic offences wing (EOW) of the Mumbai Police and others have attached movable and immovable properties worth thousands of crores. Interestingly, in consultation with the concerned courts, some of the attached properties of defaulters were liquidated as well.

In case, there were 24 defaulters responsible for siphoning off Rs 5,600 crore investment made by 13,000 traders on the exchange platform.

In July 2016, the had attached the iconic FT Tower worth Rs 2,000 crore in the same case.

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ED attaches FTIL's mutual fund investment worth Rs 135-cr

With this, total attachment of immovable and movable assets in NSEL case has risen to Rs 2,191 crore

With this, total attachment of immovable and movable assets in NSEL case has risen to Rs 2,191 crore

In a fresh action in the Rs 5,600 crore payment crisis on the National Spot Exchange Ltd (NSEL), the enforcement directorate (ED) has attached investment worth Rs 135 crore in mutual funds etc. of promoter 63 moons technologies ltd (formerly known as Financial Technologies (India) Ltd).

With this, total attachment of immovable and movable assets in case has risen to Rs 2,191 crore.

Confirming the development, an official said that the investigating agency has attached mutual fund and other investments assets worth Rs 135 crore belonging to in case.

Since the payment crisis erupted on in July 2013, various investigating agencies including the ED, the economic offences wing (EOW) of the Mumbai Police and others have attached movable and immovable properties worth thousands of crores. Interestingly, in consultation with the concerned courts, some of the attached properties of defaulters were liquidated as well.

In case, there were 24 defaulters responsible for siphoning off Rs 5,600 crore investment made by 13,000 traders on the exchange platform.

In July 2016, the had attached the iconic FT Tower worth Rs 2,000 crore in the same case.

image
Business Standard
177 22

ED attaches FTIL's mutual fund investment worth Rs 135-cr

With this, total attachment of immovable and movable assets in NSEL case has risen to Rs 2,191 crore

In a fresh action in the Rs 5,600 crore payment crisis on the National Spot Exchange Ltd (NSEL), the enforcement directorate (ED) has attached investment worth Rs 135 crore in mutual funds etc. of promoter 63 moons technologies ltd (formerly known as Financial Technologies (India) Ltd).

With this, total attachment of immovable and movable assets in case has risen to Rs 2,191 crore.

Confirming the development, an official said that the investigating agency has attached mutual fund and other investments assets worth Rs 135 crore belonging to in case.

Since the payment crisis erupted on in July 2013, various investigating agencies including the ED, the economic offences wing (EOW) of the Mumbai Police and others have attached movable and immovable properties worth thousands of crores. Interestingly, in consultation with the concerned courts, some of the attached properties of defaulters were liquidated as well.

In case, there were 24 defaulters responsible for siphoning off Rs 5,600 crore investment made by 13,000 traders on the exchange platform.

In July 2016, the had attached the iconic FT Tower worth Rs 2,000 crore in the same case.

image
Business Standard
177 22