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ED attaches assets worth ₹205 crore of Chennai-based firm under PMLA
short by Srishty Choudhury / on Monday, 26 December, 2022
The Enforcement Directorate (ED) said it has attached assets worth over ₹205 crore of Chennai-based MGM Maran, MGM Anand and their company Southern Agrifurane Industries Private Limited under the Prevention of Money Laundering Act (PMLA). The probe against Maran, a former Chairman of Tamilnad Mercantile Bank Limited in 2007, was initially launched by the Chennai Police's central crime branch.
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