Enforcement Directorate attaches property in Chennai worth Rs 15 crore

Enforcement Directorate attached a property after it was found that the land documents were forged by a gang with the assistance of a director a popular group of logistics and warehousing companies.

Published: 02nd April 2017 02:47 AM  |   Last Updated: 02nd April 2017 02:47 AM   |  A+A-

By Express News Service

CHENNAI: Enforcement Directorate attached a property worth Rs 15 crore at Valasaravakkam in the city under Prevention of Money Laundering Act after it was found that the land documents were forged by a gang with the assistance of a director a popular group of logistics and warehousing companies.


The gang identified the prime land of about 12 grounds in a posh locality whose actual owners were septuagenarian women.

With the assistance and funding of a director of a resourceful group of companies engaged in logistics and warehouse operations, the gang arranged a fake transaction to create ownership in favour of a penurious person by fabricating the land registration through forgery. They then executed a transfer in the favour of the director in guise of genuine sale.


In 2002, the ED upon registering a “money laundering case”, traced the money trail flowing out from the bank account of the director of the company to a proximately opened account and its transmission to the members of the gang who had no legal and rightful title on the grabbed land.

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