AMN / WEB DESK
Enforcement Directorate-ED has attached properties worth over 291 crore rupees belonging to companies of amusement parks located at Great India Place Mall in Noida, Rohini area in Delhi, and Daulatpur village in Jaipur. The properties have been attached under the provisions of the Prevention of Money Laundering Act (PMLA).
In a statement, ED said that the department had initiated an investigation based on FIRs registered by Gurugram Police against the owner companies of these amusement parks and its other associated concerns for cheating and criminal conspiracy. ED said that International Recreation and Amusement Limited had collected more than 400 crore from 1500 investors on the promise of allotment of space in Gurugram.
However, the company failed to deliver the project and missed deadlines. ED further said that the entity syphoned off investors’ money and parked the funds with associated persons and entities, which were used for personal gains.