In a major step in its ongoing money laundering investigation, the Enforcement Directorate (ED) has attached 4 properties worth about ₹7.30 crore linked to Anni Bullion Traders and its associated entities. The attached assets include 3 immovable properties and 1 movable asset located in Lucknow, Delhi and Uttarkashi.
Earlier, the agency had provisionally attached assets worth nearly ₹16.40 crore in the names of the company’s managing director Ajit Kumar Gupta, his wife—an Indian Forest Service officer—and other associates. Officials confirmed that the investigation is still underway and further action is expected based on scrutiny of financial records and transaction trails.
The case is based on multiple FIRs alleging that the company cheated investors of around ₹110 crore through attractive investment schemes. Investigators claim that the collected funds were routed through a network of shell companies and a credit cooperative society controlled by the same group. The money was allegedly used to buy land and other assets in the name of Anni Bullion Industries Pvt. Ltd. and related firms. The latest attachment also covers fixed deposits and financial instruments believed to have been created using the proceeds of crime. Before this, the ED had already attached about 20 properties across Lucknow, Amethi and Delhi in connection with the same probe.
In a related development, the Economic Offences Wing (EOW) arrested an additional director of another company in a separate cheating case involving alleged misappropriation of crores of rupees. The FIR in that case was registered in 2017 at Alam Bagh police station and later transferred to the EOW. So far, 6 accused have been arrested, while 7 remain absconding. Investigators are reconstructing the full money trail by examining bank accounts, property deals and inter-company transfers. The ED has urged investors to submit relevant documents to assist the probe and stated that strict legal action will follow. Officials added that more attachments and arrests may take place as fresh evidence emerges.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream LinkedIn | The Mainstream Facebook | The Mainstream Youtube | The Mainstream Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
