Home - National - ED attaches assets of defence dealer Sanjay Bhandari worth Rs 26 cr
ED attaches assets of defence dealer Sanjay Bhandari worth Rs 26 cr
Reported By: NMF Reporter On: 27 Dec 2017 03:23 PM
ED attaches assets of defence dealer Sanjay Bhandari worth Rs 26 cr

New Delhi, Dec 27: The Enforcement Directorate on Wednesday said it has attached properties worth Rs 26.6 crore belonging to controversial defence consultant and arms dealer Sanjay Bhandari and others under the Foreign Exchange Management Act (FEMA) in the National Capital Region.

An ED official told : "We have seized assets worth Rs 26.61 crore of Sanjay Bhandari and others in lieu of undisclosed assets held abroad by him under sections of Foreign Exchange Management Act (FEMA) held in his name, in the name of his wife and as well as his various companies on Tuesday."

The agency's action comes in the wake of its ongoing investigation into the case it registered under criminal charges of the Prevention of Money Laundering Act (PMLA) in February this year and also under the FEMA.