The Enforcement Directorate (ED) on Thursday attached properties approximately Rs 63 Crores allegedly belonging to former Union Minister Matang Sinh and his estranged wife, Manoranjana Sinh in connection with the Saradha chit fund scam in .
This is the fifth attachment order issued by the ED in its ongoing investigation into the matter of SaraGroup of Companies under the Prevention of Money Laundering Act, 2002.
The value of attached immovable properties as on April, 2013 is worth approximately Rs.62 Crores. However, the present market value of the properties is more than Rs. 100 Crores.
Matang Sinh and Manoranjana Sinh are facing trial in the money laundering case before the Ld. Special Court under PMLA at Kolkata.
Previously, ED had issued four Provisional Attachment Orders in Saradha Group case involving properties having market value of approximately Rs. 600 Crores. Including the present attachment, the total assets under attachment in the case have reached Rs. 700 Crores. Further investigation is going on.
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