New Delhi, May 12 (). The Enforcement Directorate (ED) on Thursday said it has attached immovable assets worth Rs 5.37 crore, including agricultural land and buildings, of the Hemkunt Foundation located in Madhya Pradesh’s Khandwa district in a money laundering case.
An ED official said that it initiated proceedings under the Prevention of Money Laundering Act (PMLA) against the Hemkunt Foundation on the basis of an FIR lodged by the Special Cell of the Delhi Police.
Delhi Police claimed that Hemkunt Foundation collected crores of rupees from individuals and corporates in the name of Covid relief and oxygen supply during the peak of the second wave of Covid-19. However, according to the Delhi Police, the money received as donation was embezzled, and used for activities for personal gain.
The investigation carried out by the ED under the provisions of the PMLA has revealed that Hemkunt Foundation collected a huge donation of Rs 77.10 crore.
Hemkunt Foundation diverted most of the money thus collected towards foundation assets, such as FD (Rs 17.32 crore), purchase of land in Gurugram (Rs 43 crore) and land purchase and construction activities in Madhya Pradesh, the statement said. Expenditure (Rs 5.37 cr).
The ED had earlier attached the said land worth Rs 43 crore and seized fixed deposits worth Rs 17.32 crore during the probe, an official said.
The total attachment value so far has reached Rs 65.69 crore, the official said.
SGK
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