ED attaches ₹305 crore assets of Joyalukkas jewellery group under FEMA case
ED attaches over Rs 305 crore worth of assets of Joyalukkas jewellery group owner on hawala charges
"The attached assets include 33 immovable properties (valued at Rs 81.54 crore) consisting of land and residential building in Shobha City, Thrissur, three bank accounts (having deposits of Rs 91.22 lakh), three fixed deposits worth Rs 5.58 crore and shares of Joyalukkas India Pvt Ltd (valued at Rs 217.81 crore)," the ED said in a statement.
Assets Worth Rs 305 Crore Of Jewellery Chain Joyalukkas Seized
The Enforcement Directorate has seized assets worth Rs 305.84 crore of the popular jewellery chain Joyalukkas on Friday, days after five of the company's premises were raided by the probe agency.
ED attaches Rs 305 cr assets of Joyalukkas jewellery group on hawala charges
The Enforcement Directorate on Friday said it has attached assets worth more than Rs 305 crore of Joy Alukkas Verghese, the owner of prominent Kerala-based jewellery group Joyalukkas, in a FEMA case linked to alleged transfer of "huge cash" to Dubai by the company through hawala channels.