ED attaches 102 properties of this builder under PMLA
New Delhi: Central government agency ED has attached 102 immovable properties of a Jharkhand-based Sanjeevani Buildcon Pvt Ltd (SBPL) for cheating hundreds of property buyers.
These 102 properties and other assets seized by ED are worth Rs 55 crore and the action has been initiated against he company and its directors under PMLA.
As many as 98 immovable properties in Ranchi and 3 shops in Raipur of he company have been seized. Some bank FDs in the name of the company, its directors and even their relatives like Jayant Dayal Nand, Anita Dayal Nand have also been seized. Another director of the company-Shyam Kishore Gupta and Ranjana Shrivastav have also been included in the scope of investigation.
The company duped many property buyers ann Jharkhand by attracting them with fraud and misleading advertisements for sale of plots and some houses at throw away prices, the ED said in a statement.