ED Cracks Down on Noida's Great India Place Mall
The Enforcement Directorate (ED) has taken a major step against International Recreation & Amusement
Real EstateNoidaEdMoney LaunderingProperty AttachmentReal Estate NewsMay 30, 2024
International Recreation & Amusement is accused of cheating investors and misusing funds. The ED has taken this step under the Prevention of Money Laundering Act (PMLA). The attached properties include land, buildings, and other assets worth Rs 291.18 crore.
The Great India Place Mall is one of the largest malls in India, located in Noida, Uttar Pradesh. It is a popular tourist destination and a hub for shopping and entertainment.
The Enforcement Directorate (ED) is a law enforcement agency responsible for enforcing economic laws and fighting economic crimes in India. The agency is responsible for investigating and prosecuting cases of money laundering, forgery, and other economic offenses.
Moneycontrol is a leading business news and financial information website that provides latest news, updates, and insights on business, economy, and personal finance.
Frequently Asked Questions
What is the value of properties attached by the ED at Noida's Great India Place Mall?
The ED has attached properties worth Rs 291 18 crore at Noida's Great India Place Mall
What is the reason behind the ED's action against International Recreation & Amusement?
The ED has taken action against International Recreation & Amusement due to complaints filed by the Gurugram Police against the company in a cheating case
What is the Prevention of Money Laundering Act (PMLA)?
The Prevention of Money Laundering Act (PMLA) is a law that aims to prevent money laundering and other economic offenses in India
What is the role of the Enforcement Directorate (ED) in India?
The Enforcement Directorate (ED) is a law enforcement agency responsible for enforcing economic laws and fighting economic crimes in India
Where is the Great India Place Mall located?
The Great India Place Mall is located in Noida Uttar Pradesh
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