 "Big lenders submit loan documents related to Kingfisher Airlines to ED")
The Enforcement Directorate (ED) has provisionally attached 30 kg gold bars worth Rs 8,56,99,350 belonging to businessman J Sekhar Reddy and his associates. The provisional attachment is under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
On May 5 the ED had provisionally attached Rs 34 crore of new currency notes from Reddy and his associates.
After demonetisation, the Income-Tax Department has conducted searches at various places owned by Reddy, the managing partner of SRS Mining and seized about Rs 97 crore in old currency, Rs 34 crore in new currency and about 177 kg of gold
