The central probe agency had earlier conducted searches at more than 40 locations and subsequently arrested Arvind Dham and filed a prosecution complaint on September 6, 2024.
Gurugram:The Enforcement Directorate (ED), Gurugram Zonal Office, on Wednesday, provisionally attached movable and immovable properties valued at Rs 557.49 crore under the provisions of Prevention of Money Laundering Act (PMLA), 2002, in the case M/s Amtek Auto Limited, M/s ARG Limited, M/s ACIL limited, M/s Metalyst Forging Limited and M/s Castex Technologies Limited, Amtek Group promoter Arvind Dham, and others, officials said.
The attachment follows the provisional attachment of Rs 5115.31 crore dated September 5, 2024, issued by the ED has been confirmed by the PMLA Adjudicating Authority, ED officials added.
The central probe agency had earlier conducted searches at more than 40 locations and subsequently arrested Arvind Dham and filed a prosecution complaint on September 6, 2024.
The ED initiated investigation based on Supreme Court's order on February 27, 2024, while hearing the PIL against M/s Amtek Auto group of companies, which directed the central probe agency to investigate the case involving bank fraud by Amtek Auto Group to the tune of Rs 27,000 crore.
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