Nagaland contractors’ properties attached by ED under Prevention of Money Laundering Act

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2024-08-13 | 07:02h
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2024-08-13 | 07:02h
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The Enforcement Directorate (ED), Dimapur has provisionally attached immovable assets worth Rs 96 lakh under the Prevention of Money Laundering Act (PMLA), 2002. According to ED, the assets are related to Avituo Sekhose and Mhalelie Rio, both contractors with the Public Works Department (PWD) in Nagaland.

In a separate action, the ED Dimapur has also attached movable and immovable assets valued at Rs 41.83 crore. These assets, according to ED, belong to various individuals and shell entities that were involved in duping the investors of hundreds of crore in the money laundering case against “HPZ Token & others”. To date, the total value of assets attached and frozen in this case amounts to approximately R 497.20 crore, according to Directorate of ED. The ED said it will continue its investigation into the matter.

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