KOLKATA: In one of many largest attachment orders in non-ponzi agency circumstances within the state, the Enforcement Directorate on Tuesday hooked up immovable property price Rs 175 crore belonging to Shree Ganesh Jewelry and its promoters. The Kolkata-headquartered jewelry manufacturing and export agency was being probed by CBI, DRI and ED in reference to a Rs 2,620crore fraud.
The central investigating company on Tuesday mentioned that flats, showrooms, manufacturing models and places of work of the corporate in Kolkata, Howrah, Siliguri, Mumbai and Hyderabad had been hooked up through the course of. “That is the primary a part of attachment through which solely immovable property was considered. There can be another attachment order quickly,” mentioned an ED official. Among the many properties hooked up by the central companies are flats in locations like Iron Aspect Highway and Park Avenue in Kolkata, South Mumbai and Banjara Hills in Hyderabad.
Shree Ganesh Jewelry Home India Ltd got here below the lens a couple of years again and the CBI began a case primarily based on the allegations of a consortium of 25 banks led by the State Financial institution of India. After the corporate’s promoter Nilesh Parekh allegedly failed to affix the probe, the central company issued a look-out round. In 2017 the company arrested him from the Mumbai airport on his return from Dubai. Later he was taken into custody by the DRI for diversion of 1,700 kg gold.
ED sources on Tuesday mentioned the corporate had been importing gold and claiming to have been making jewelry on the Manikanchan Park SEZ in Kolkata. “It appears to have offered the jewelry illegally to native patrons. It might have additionally offered jewelry in Singapore and Hong Kong. A minimum of 5 of the accused, other than Nilesh Parekh, went absconding,” mentioned an ED official.