ED seeks SC nod to attach Sahara's foreign assets

At stake: assets worth Rs 3,697 crore; Court to hear matter on Feb 27

In what could well be another blow to Sahara, its prime foreign assets to the tune of Rs 3,697 crore could be attached by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA).

This would be another major action against Sahara after the Supreme Court on Monday ordered attachment of the Group's prime Aamby Valley property in Pune, worth nearly Rs 40,000 crore, to make up the payment for the remaining Rs 14,779 crore the company owes investors with market regulator Securities and Exchange Board of India (Sebi).

The ED had sought the Supreme Court's (SC) permission to do