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
Related News Articles
HOMETHON Property Expo 2024: A Game Changer for Mumbai's Real Estate Market
The HOMETHON Property Expo 2024 has launched over 77 new projects and showcased ₹10,000 crore worth of inventory, offering buyers a unique opportunity to invest in Mumbai's dynamic real estate market.
Understanding Property Registration and Charges in Mumbai
In Mumbai, the real estate market has seen significant growth, particularly during the festive season. The city's property registration process and associated charges, including stamp duty, play a crucial role in this trend. This guide provides a detailed
Real Estate Sector Welcomes RBI's Rate Cut: A Catalyst for Comprehensive Growth
The real estate sector has expressed optimism following the Reserve Bank of India's (RBI) recent rate cut. This move is expected to boost the industry's role as a key driver of economic growth, although major realty stocks have shown mixed reactions.
Blackstone Sets Ambitious Goal to Expand India Portfolio to $100 Billion: Where It’s Investing Next
Blackstone, one of the world's leading investment firms, has an estimated $50 billion in assets under management (AUM) in India, primarily invested in real estate. The firm now has an ambitious goal to expand this portfolio to $100 billion, signaling a si
Blackstone’s Strategic Move: Acquiring 26% Stake in Kolte Patil for ₹417 Cr
Blackstone is set to tighten its grip on India's real estate market with a significant investment in Kolte Patil, a prominent developer based in Pune. The deal, valued at ₹417 crore, marks another strategic move by the global investment giant to expand it
Tariffs, Turmoil, and the Future of Canada's Real Estate Market
A new bilateral trade framework with the U.S. could bring long-term certainty and investment incentives, significantly impacting Canada's real estate sector.