Sources said that the agency is looking to attach a Rs 1,000-crore plant of ABG Shipyard in Gujarat, a few properties belonging to Nikhil Gandhi-promoted SKIL Infrastructure and Viren Ahuja-promoted Flemingo Geowork.
In an affidavit filed on November 1, the DRI said it “is considering to take appropriate legal remedies available to it and therefore is likely that SLP (special leave petition) would be filed with the honorable Supreme Court to claim appropriate reliefs”.
The high court order assumes significance as apart from the Adani Group, the DRI is probing at least 40 companies including two companies of the Anil Dhirubhai Ambani Group (ADAG), two Essar Group firms and a few public sector power firms
The ED has alleged that the sale of the land to Millennium Developers was done "through dubious means", and that the sale proceeds were "laundered" by Mirchi. Praful Patel and his wife Varsha Patel are shareholders of Millennium Developers.
The ED has also identified two foreign properties of the Wadhawans in the UAE and UK. Apart from this, the probe agency has also seized fixed deposits of Wadhawans and the former chairman of PMC Bank, Waryam Singh.
The wrongdoings at PMC Bank suggest laxity in RBI’s regulatory oversight. Increasing the deposit insurance limit, static at Rs 1 lakh for more than 25 years now, will provide immediate comfort to depositors.
This is the key allegation in an unprecedented complaint against the nation’s top tax administrator by Alka Tyagi, who was Chief Commissioner of Income Tax (Unit 2) in Mumbai when she sent her complaint to Finance Minister Sitharaman on June 21.
Officials said the break-in was discovered by Income Tax security staff in the morning when they found locked cupboards broken in and ransacked — several files and papers were “lying in disarray” a member of the administration team employed in the building said.
Nehal Modi, in his appeal to the Interpol commission, had said that he will not get a fair trial if he is extradited to India. He said he had “no institutional ties” with Nirav Modi’s companies and the sale of 50 kg gold of a liquidated firm was “legal”.
Earlier this year, the ED had requested the Interpol to issue a Red Notice against Nehal for his role in helping Nirav Modi. It found Nehal "knowingly and intentionally" assisted Nirav in concealing the alleged laundering of money and "destroying evidence".