ED Seizes Properties Valued at Rs.64 Million

05 Mar 2024 CW Team

In a significant move, the Enforcement Directorate (ED) has attached properties worth Rs.64 million belonging to Kamla Landmarc. This comes as part of the ongoing investigation into financial irregularities and alleged misconduct by the real estate developer. The attached properties include flats and plots, adding a new dimension to the legal challenges faced by Kamla Landmarc.

The ED's action is based on findings that suggest financial transactions violating regulations and potential money laundering. The move to attach properties aims to secure assets that are believed to be proceeds of illicit activities, ensuring accountability and preventing further misuse.

The properties under scrutiny are strategically located and have been a focal point in the real estate landscape. This development has raised concerns among investors and homebuyers associated with Kamla Landmarc, adding uncertainty to ongoing projects.

Infrastructure Energy

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