Adarsh ​​Credit Society's 1489 crore assets seized by ED

New Delhi, Oct 8, 2019, Tuesday

Thus, Admiral confiscated Rs. 1464.76 crore of immovable movable property and Rs. Together the total amount of Rs 1489 crore was seized from this society.

"The amount in the bank account is in the Adarsh ​​group of Mukesh Modi, Virendra Modi and their families, besides the Riddhi Siddhi Group of Mahendra Tak, Saurabh Tak," an ED spokesman said. This property also has a share of other accused. ED's spies seized all the land or other assets of the society in Maharashtra, Gujarat, Rajasthan, Haryana, Uttar Pradesh and Delhi. The ED took these steps following an FIR.

In December 2018, Rajasthan police registered a case against Mukesh Modi, Rahul Modi and ACCCL officials under sections of fraud, fraud, treachery, criminal conspiracy and so on. Some people complained to the Adarsh ​​Credit Co-operative Society that the amount of their investment was not returned even after maturity. According to an ED spokesperson, Mukesh and his associates allegedly misled investors by investing their money in various real estate companies. People did not respond to inquiries or phone calls.