New Delhi/Mumbai, April 2,
The Enforcement Directorate (ED) has provisionally attached immovable properties worth ₹272.19 crore in two separate cases under the Prevention of Money Laundering Act (PMLA), 2002.
In Gurugram, the ED attached 12 properties worth ₹156.33 crore on March 31, 2025, linked to M/s Lakshmi Precision Screws Private Limited. The action follows the company’s loan default of ₹176.70 crore from Canara Bank and the State Bank of India (SBI). The attached assets are located in Delhi, Mumbai, Gurugram, and Rohtak.
Meanwhile, the ED’s Mumbai Zonal Office took action in the National Spot Exchange Limited (NSEL) scam, attaching immovable assets valued at ₹115.86 crore. These properties, situated in Mumbai, Delhi, and Rajasthan, belong to M/s Mohan India Group, M/s Vimladevi Agrotech Ltd., M/s Yathuri Associates, and M/s Lotus Refineries—all accused of financial irregularities in the NSEL case.
Both cases highlight the ED’s ongoing crackdown on financial fraud and loan defaults involving public sector banks and large-scale corporate entities. Investigations are expected to continue as authorities work to recover funds and hold the defaulters accountable.
