 "JP Morgan")
The Enforcement Directorate (ED) has attached JP Morgan India’s accounts worth Rs 187 crore, besides documents related to its assets, for its alleged involvement in siphoning off homebuyers’ money in collusion with Amrapali Group.
The Supreme Court had on Friday allowed the ED to attach the investment banking firm’s assets to recover the amount identified as the proceeds of crime under the Prevention of Money Laundering Act (PMLA).
This follows an investigation into alleged violations of foreign exchange rules involving foreign direct investment of Rs 85 crore and Rs 140 crore by JP Morgan India and Amrapali Group firms (Amrapali
