Business

In Money Laundering Investigation Against PFI, ED Seizes Munnar Mansions And Property

As part of a money laundering probe into the outlawed Popular Front of India, the Enforcement Directorate has taken custody of four homes and 6.75 acres of property in Kerala’s Munnar area.

Munnar Villa Vista Pvt Ltd has assets, which are worth a total of Rs 2.53 crore (book value). The federal investigation agency attached them temporarily on January 7, and the Prevention of Money Laundering Act (PMLA) adjudicating body verified it on June 30, the ED said in a statement on Saturday.

According to the agency, the adjudicating authority’s order cleared the way for the agency to take ownership of the land and the four villas.

The Popular Front of India (PFI) was banned in September last year under the terms of the Unlawful Operations Prevention Act (UAPA) for alleged links to terror operations.

According to the Enforcement Directorate (ED), PFI leaders and members associated with overseas entities were developing the Munnar Villa Vista Project (MVVP) in order to launder money collected from foreign countries as well as within the country and to generate funds for PFI to finance its radical activities, and the project was being developed by forming a company called Munnar Villa Vista Pvt Ltd (MVVPL).

The organization claimed its investigation uncovered infusion of a large volume of unaccounted cash in the project, subscription of MVVPL shares in cash in the name of ghost shareholders, transfer of MVVPL shares without consideration, and bogus transfers made to other companies without any supply of goods or services.

A National Investigation Agency (NIA) FIR alleges that a group of PFI/SDPI (Socialist Democratic Party of India) activists engaged in a criminal conspiracy to train their cadres in the use of explosives and weapons, and organized a terrorist camp at Narath in Kannur.

The PFI was founded in Kerala in 2006, with its headquarters in Delhi.

Also read: China React As Russia Denies Entry To 5 Citizens At Border

Spriha Rai

Recent Posts

KKR vs SRH IPL 2025: Match Details, Head-To-head Record, And Where To Watch

Kolkata Knight Riders (KKR) will face Sunrisers Hyderabad (SRH) in Match 15 of the Indian…

11 mins ago

Parliament Passes Immigration And Foreigners Bill For Enhanced Security

Parliament approved the Immigration and Foreigners Bill, 2025, on Wednesday, which aims to regulate the…

45 mins ago

PM Modi Heads To Thailand For 6th BIMSTEC Summit; Strengthen Regional Relations

Prime Minister Narendra Modi headed for Bangkok on Thursday to attend the 6th BIMSTEC Summit…

1 hour ago

Delhi High Court Stays Appointment Of Anilkumar Prabhakaran As AIFF General Secretary

The Delhi High Court has stayed the appointment of Anilkumar Prabhakaran as the General Secretary…

3 hours ago

MCOCA Case: Delhi High Court To Hear Naresh Baliyan’s Bail Plea On April 9

The Delhi High Court will hear the bail plea of former Aam Aadmi Party (AAP)…

3 hours ago

SC Upholds Rajasthan’s Electricity Regulations; Dismissing Power Companies Plea

The Supreme Court has granted a major relief to the Rajasthan government by upholding the…

15 hours ago