New Delhi: The Enforcement Directorate (ED) has attached properties worth over Rs 363 crore of a jewelry company in connection with a money-laundering probe into alleged fraud stake disputing public sector company MMTC. A statement said that under the Prevention of Money Laundering Act, 45 immovable properties of MBS Jewellers Pvt Ltd, MBS Impex Pvt Ltd, Sukesh Gupta, Anurag Gupta, Neetu Gupta, Vandana Gupta, and their group unit have been temporarily attached.
ED had filed the case against Sukesh Gupta and others on the basis of an FIR and charge sheet (filed in 2014) of the Anti-Corruption Bureau of CBI in Hyderabad. The case was filed under the Buyer's Loan Scheme in the purchase of gold bullion by MMTC Ltd. (Metals and Minerals Trading Corporation) is related to fraud. ED alleged that Sukesh Gupta picked up gold without forex cover in connivance with some officials of MMTC, Hyderabad.
Even Gupta did not deposit enough guarantees. According to the ED, "Gupta's dues were constantly misinformed at the MMTC headquarters. Gupta's company picked up gold from continuous MMTC in its personal gains. This cost MMTC Rs 504.34 crore.'' The agency said Gupta did not provide accurate information of his account in connivance with various officials of MMTC, Hyderabad.
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