235 crore assets of saravana Stores are frozen

The Enforcement Directorate has also frozen assets worth Rs 235 crore belonging to saravana Stores' Golden House. Similarly, the enforcement department has also frozen assets worth Rs.173 crore, including land and bank accounts belonging to lottery seller Martin.




Already, in both Martin's case and saravana Stores' case, their premises and offices were raided by the enforcement department. In this case, it has been informed on behalf of the enforcement department that action has been taken to freeze these assets based on the strong evidence received by the enforcement department.

It has been reported that the matter has already been investigated several times in court and privately and important evidence has been obtained. Currently, the Enforcement Department has frozen the assets of the indian bank on the complaint of fraud.


The Chief Metropolitan Magistrate at Egmore had appointed R.S. Dhuriyan as Advocate Commissioner in the case, via an order dated september 8, 2021. Based on the order, the Advocate Commissioner and bank officials had affixed notices on the said properties on december 31, to hand over possession within seven days. Since the possession was not handed over, the properties were taken over on wednesday morning with police protection.



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D N INDUJAA

02/07/2022 05:10 PM