Chennai: The Enforcement Directorate has attached 48 immovable property worth over Rs 106 crore belonging to Sindhu Granite and Group belonging to P. K. Selvaraj after a case of money laundering was registered against the firms, said a ED press release on Wednesday.
During the investigation it was found that Selvaraj and his family members were running 3 firms Sindhu Granites, Sree Laxmi Granites and Sree Murugan Enterprises selling illegally mined granite in domestic and international market.
The sale proceeds were used to purchase immovable property either in his name or in the name of his family members, the release said. It may be recalled that ED had already attached property worth over Rs 570 crore, including assets valued Rs 528 crore belonging to PRP group, in the past after registering cases under the Prevention of Money Laundering Act.
