ED attaches assets worth Rs 1,428 crore of Goldenland Group in chit fund case
Bhubaneswar, Apr 29 (PTI): The Enforcement Directorate on Tuesday said it has attached assets worth Rs 1,428 crore of Goldenland Group of Companies in a chit fund case.
In a statement, the ED claimed that its investigations have revealed persons, entities and companies associated with Golden Land Developers Ltd and GLP Developers Ltd illegally raised huge amounts of money from the public in Odisha and Andhra Pradesh in the garb of real estate development.
It had floated illegal financial businesses of lump sum deposits, recurring deposits, and monthly investment schemes, among others, in the guise of plot booking by alluring innocent people with the false promise of higher returns, the ED alleged.
"Large-scale diversion of cash to sister concerns and to the accounts of Directors and associates has also been unearthed," it alleged.
"Directorate of Enforcement (ED), Bhubaneswar Zonal Office has provisionally attached assets having present value of Rs. 1428 Crore of M/s Goldenland Group of Companies under the provisions of Prevention of Money Laundering Act (PMLA), 2002," the statement said.
Among these assets are bank deposits of Rs 15.06 crore, and about 1,000 acre of land in various districts of Odisha and Andhra Pradesh, besides some constructed buildings and structures.
The ED had in February last year carried out searches at properties of people connected to these companies in Odisha, Punjab, Chandigarh.
The agency initiated the investigation on the basis of an FIR registered by the CBI under various sections of the IPC.
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Two injuries, one DNF, a DQ as India end messy World Relays campaign
Gaborone (Botswana) (PTI): Amoj Jacob and Ragul Kumar got injured during the men's 4x400m and 4x100 races respectively as India ended their World Athletics Relays campaign in disappointment on the second day of competitions here on Sunday.
The Indian camp had high hopes of making the 2027 World Championships in the men's 4x400m relay but the team did not finish (DNF) the race as Jacob suffered cramps and pulled out of the race after taking the baton from the first leg runner Dharamveer Choudhary. Rajesh Ramesh and Vishal TK were to run in the third and fourth legs.
Those teams which could not qualify for the 2027 Beijing World Championships by reaching the final round of each of the six relay events on Saturday were given another chance in the second qualification round on Sunday.
The top two teams in each of the two heats (in all six relay events) booked the Beijing ticket on Sunday.
India will now have to try and qualify for the World Championships through the Top Lists of the World Athletics, which is a long and tedious process.
In the men's 4x100m race, third leg runner Ragul Kumar fell down the track after failing to hand over the baton inside the exchange zone to fourth leg runner Gurindervir Singh, which clearly showed the lack of coordination among the runners.
Harsh Santosh Raut and Animesh Kujur ran the first two legs.
The Indian quartet was disqualified and Kumar was seen being taken away from the Field of Play with the help of the volunteers.
It was a comedy of errors in the case of the women's 4x100m race, which saw the baton being dropped during an exchange between first leg runner Tamanna and second runner Nithya Gandhe, though the Indians finished the race in 53.09 seconds.
Gandhe started running quite a distance, but after realising that the baton was not in her hand, she turned and ran back to pick it up.
The only silver-lining for the Indian contingent was the national record time in the mixed 4x100m relay race, though the quartet of Ragul Kumar, Nithya Gandhe, Animesh Kujur and Sneha SS finished sixth in heat number two with a time of 41.35 seconds, bettering the previous national mark of 42.30 seconds set in March in Chandigarh.
The mixed 4x400m relay quartet of Theerthesh P Shetty, Kumari Saloni, Nihal William and Rashdeep Kaur ended at fifth in heat number one with a time of 3 minutes and 19.40 seconds.
On Saturday, all the five Indian relay teams had failed to make it to the respective final rounds and thus missed out on the 2027 World Championships berths.
