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

Summary by Ground News

The attachment of assets comes two days after the federal probe agency carried out searches at multiple premises of the Thrissur-headquartered group owned by Joy Alukkas Verghese. The retail jewellery chain had on February 17 withdrawn its Rs 2,300 crore initial public offering (IPO) without assigning any reason.

Published 3 months ago

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Times of India

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.

3 months ago·Mumbai, India

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The Hindu

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

The Enforcement Directorate had carried out searches at multiple premises of the Thrissur-headquartered group on February 22

3 months ago·India

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NDTV

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.

3 months ago·New Delhi, India

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Hindustan Times

ED attaches assets worth over ₹305 crore of Joyalukkas jewellery group

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

3 months ago·New Delhi, India

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Business Standard

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.

3 months ago·India

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