The agency, in a statement, said it has provisionally attached "holding of Ms Divine Infracon Private Limited to the extent of Rs 64.70 crore in a hotel property... Managed by Radisson Blu."
It added that "Sant Lal Aggarwal and Satish Kumar Pawa are the key persons and main beneficiaries of money laundering amounting Rs 64.70 crore."
The Enforcement Directorate (ED) registered a criminal case last month under the Prevention of Money Laundering Act (PMLA) based on a charge sheet filed by the Serious Fraud Investigation Office against certain individuals and firms "for providing accommodation entries by accepting funds from their beneficiaries through mediators and converting the same into share premium transactions in the beneficiary company".
"They with the help of mediators laundered the unaccounted money through the process of placement of funds, layering of transactions and the final integration of laundering money into the banking channel camouflaged as legitimate share premium transactions," it said.
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It said they provided "accommodation entries by accepting funds from their beneficiaries through mediators and converting the same into share premium transactions in the beneficiary company.
An attachment under PMLA is aimed to deprive the accused from obtaining benefits of their ill-gotten wealth and such an order can be appealed before the adjudicating authority of the said Act within 180 days.
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