October 02, 2023 02:53 (IST)
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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.
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