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ED attaches assets worth Rs 20 crore in Citibank case

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 5:33 AM IST

The attachment orders, freezing two bank accounts of relatives of main accused in the case Shivraj Puri and two properties of two another of his associates, had been issued by the agency recently, sources privy to the development said.

Several depositors and high-networth individuals (HNIs) were duped in the Rs 460.91-crore alleged fraud engineered by Puri-- a Global Wealth Manager of the bank and was working at its Gurgaon branch.

The ED attachment order ensures that the accused are not able to use or derive any benefit out of these properties as they are termed as "proceeds of crime".

The accused can challenge the order at the Adjudicating Authority of the anti-money laundering law based in the national capital. (more)

  

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First Published: Oct 29 2012 | 10:35 PM IST

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