ED attaches immovable properties worth Rs 6.8 crore of CA in Ahmedabad in money laundering case
An FIR by Navrangpura police alleged that Tehmul Sethna made unauthorised withdrawals from the bank account of a trust he was managing, the ED said
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The ED said its investigation revealed that the funds were routed through multiple individuals and entities allegedly controlled by Sethna to conceal the source of the money and project the proceeds as legitimate. (File photo)The Enforcement Directorate (ED) has provisionally attached immovable properties worth Rs 6.8 crore belonging to Tehmul Sethna, a practicing chartered accountant based in Ahmedabad, under the Prevention of Money Laundering Act (PMLA).
The Ahmedabad Zonal Office of the ED said the attached assets include one bungalow and two open plots located in Ahmedabad. The action is linked to an ongoing investigation into alleged criminal conspiracy, cheating and forgery by Sethna.
According to the agency, the probe was initiated on the basis of an FIR registered by Navrangpura police, which alleged that Sethna, while managing the affairs of the trust “Environment Research & Development Centre”, made unauthorised withdrawals of Rs 6.85 crore from the trust’s bank account.
The withdrawals were allegedly executed by forging the signatures of trustees.
The ED said its investigation revealed that the funds were routed through multiple individuals and entities allegedly controlled by Sethna to conceal the source of the money and project the proceeds as legitimate.
Further investigation is underway.
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