Ponzi case: ED attaches property worth Rs 238 crore of Trinamool MP KD Singh
Kolkata, Jan 28 (IBNS): The Enforcement Directorate (ED) has attached properties of Mamata Banerjee-led Trinamool Congress MP K.D. Singh worth Rs 238 crore in a Ponzi scam case that is worth an estimated Rs 1,900 crore, reports said.
A showroom in Chandigarh, a resort in Kufri and properties in Haryana and Panchkula comprise the seizure apart from bank accounts.
The ED is investing a 2016 criminal case it filed against Singh and his company Ms Alchemist Infra Realty Limited following a chargesheet filed by market regulator SEBI.
According to reports, the firm had launched a Ponzi scheme without SEBI approval and collected funds amounting to Rs 1,916 crore from the public.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
