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.

ED seizes assets worth Rs 305 crore of Joyallukas jewellery for alleged foreign exchange violation

The central agency had several of the jewellery group offices on Wednesday, a day after the company had withdrawn its Rs 2,300 crore IPO.

ED attaches Rs 305-crore assets linked to Joyalukkas on hawala charges

The action was taken in a FEMA case linked to the alleged transfer of

ED attaches ₹305 crore assets of Joyalukkas jewellery group under FEMA case

The seizure of assets comes after the central agency carried out searches at multiple locations of the Thrissur-headquartered group on 22 February

ED attaches over Rs 305 crore worth of assets of Joyalukkas jewellery group on hawala charges

The federal probe agency had carried out searches at multiple premises of the Thrissur-headquartered group on February 22.

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.