ED attaches Nathella Sampath Jewellery's properties worth Rs 3.28 bn

NSJPL, its promoters and directors, and others have been accused in a case related to bank loan fraud

The Directorate of Enforcement, Chennai, has attached 37 immovable properties worth about Rs 3.28 billion of city-based Nathella Sampath Jewellery Private Limited (NSJPL), its promoters cum directors and others under the Prevention of Money Laundering Act (PMLA), 2002, in a case related to bank loan fraud. 

The directorate has initiated investigations based on an FIR registered by the Central Bureau of Investigation (CBI), Bank Fraud & Security Cell, Bengaluru, in April 2018 against the company, its promoters, directors and others under the provisions of PMLA. NSJPL has been engaged in the sale of gold jewellery, silver articles and jewellery, and jewellery