Probe is being done on Sayed Mohammed Masood, for running illegal chit fund
Enforcement Directorate (ED) has attached properties worth Rs1.04 crore in connection with its money laundering probe against ‘City Limousines'
New Delhi: The Enforcement Directorate (ED) has attached properties worth Rs1.04 crore in connection with its money laundering probe against ‘City Limousines’, a Mumbai-based firm and its owner Sayed Mohammed Masood, for allegedly running illegal chit fund schemes few years back.
An office premise in Mumbai and a flat in Pune have been attached under the provisions of Prevention of Money Laundering Act by agency’s office in Mumbai, the agency said. The total value of these two assets is Rs1.04 crore, it said. An ED attachment ensures that these properties cannot be used by the accused.
( Source : PTI )
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