THE Enforcement Directorate on Tuesday said it has attached 67 windmills worth more than Rs 51 crore as part of a money laundering investigation against the Chennai-based Surana Group linked to an alleged Rs 3,986 crore bank loan fraud.
The federal agency issued a provisional order under the Prevention of Money Laundering Act to attach the windmills.
The action was taken after it was found “that 67 windmills of Surana Group, which were being auctioned by banks to recover their dues, were again purchased in the name of one benami
company.” The windmills and the land they are located on are worth a total Rs 51.69 crore, the agency said in a statement. It, however, did not say where these windmills are located. Another set of immovable properties valued at Rs 61.63 crore of Ramlal Jain, who “amalgamated” the proceeds of crime into his regular business, were also attached as part of the same order, it said.
The total value of attachment of properties as part of this order stands at Rs 113.32 crore, it said.
The ED, last month, had arrested four people in this case including two promoters of Surana Group and two alleged shell company directors.
They included Dinesh Chand Surana and Vijay Raj Surana, both Managing Directors cum promoters of Surana Industries Limited, Surana Power Ltd and Surana Corporation Ltd and P Anand and I Prabhakaran, dummy Directors of shell companies. They are in judicial custody at present.