Bhubaneswar: Enforcement Directorate (ED) today issued a provisional order pertaining to attachment of immovable assets of Rs 12.64 crore of chit fund firm Artha Tatwa (AT) Group of Companies.
The order was issued to AT CMD Pradeep Kumar Sethy and others under Prevention of Money Laundering Act, 2002.
Properties transferred from AT Group and its employees Sambit Khuntia, Rahul Kanwal and Mahindra Paramanik to certain unrelated entities and individuals will be attached. It was found that Pradeep Kumar Sethy changed the record of rights of the properties in the name of a religious institute to evade the attention of authorities. In this connection, a flat in Bhubaneswar in the name of Rajat Choudhury’s wife has also been attached, Enforcement Directorate said.
Notably, the agency had earlier attached movable and immovable assets of AT Group and its associates to the tune of Rs 120.55 crore taking it to Rs 133.19 crore.