ED attaches properties worth Rs 40 crore of Olympus Granites Pvt Ltd in illegal Granite Mining case

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Enforcement Directorate has attached properties worth 40 crore rupees of Olympus Granites Private limited and others in the illegal Granite Mining case.

The agency had initiated investigation under Prevention of Money Laundering Act against the company in Madura and Chennai to identify the crime proceeds on the basis of FIR and charge sheet filed by Tamil Nadu Police.

In a statement, ED said, the Company and its Share Holders and Promoters, S. Nagarajan and expelled DMK leader M K Alagiri's son Alagiri Dhayanidhi, along with other accused, criminally conspired and indulged in illegal mining activities.

The agency has provisionally attached 25 movable and immovable properties consisting of lands, buildings in Madurai and freezed fixed deposits. (AIR NEWS)

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