Jaipur: The Directorate of Enforcement (ED) Tuesday provisionally attached movable and immovable properties valued at over Rs 7.7 crore in Bhiwadi under the Prevention of Money Laundering Act (PMLA), 2002, linked to the alleged multi-crore fraud involving Adarsh Credit Co-operative Society Ltd and its associates.Officials from the ED confirmed that the attachment order was issued on Feb 12, as part of an ongoing investigation stemming from FIRs filed by the Special Operation Group (SOG) of the Rajasthan Police. According to ED officials, key figures in the alleged scam, Mukesh Modi and Rahul Modi, along with their associates, allegedly amassed thousands of crores from investors and society members by misleadingly promising extraordinarily high returns on their investments. It is alleged that these funds were illicitly siphoned off through a network of group companies, leading to significant financial losses for depositors and illegal profits for the accused. In the broader scope of the investigation, the ED has identified proceeds of crime exceeding Rs 3,830 crore, which were used to procure various properties.
