ED Attaches Assets Worth Rs 57.45 Crore Of Atlas Jewellery Pvt Ltd

The Enforcement Directorate has attached assets worth Rs 57.45 crore of Atlas Jewellery Pvt Ltd and its directors MM Ramachandran and Indira Ramachandran in the Rs 242 crore bank loan fraud case. According to the ED, this fraud took place between 2013 and 2018.

ED officials said on Saturday that the attached assets include gold, silver and diamond jewellery, silver articles, deposits in bank accounts, bank FDs and immovable properties. The ED had initiated the money laundering probe against Atlas Jewellery, MM Ramachandran and Indira Ramachandran on the basis of an FIR registered by the Kerala Police on the complaint of South Indian Bank, Round South Bank.