ED Seizes INR 24.64 Crore Properties of Poultry Firm Under FEMA

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[{"selector":"#anim-276e2dde-58b5-40fd-98ff-f966493a3f8e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.891509305876756%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-c1873561-0088-47b6-b3fe-71861d03ad31","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a83b0d44-7e0f-4dbc-aa57-195a114c8bc8","keyframes":{"transform":["translate3d(107.28291%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Property Seizure: The Enforcement Directorate (ED) has recently taken a significant step by seizing six immovable properties located in Maharashtra and Karnataka.

[{"selector":"#anim-eded8091-90b1-449b-aa0a-f7d3b681238e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-bd410363-2f37-4b19-89ea-74b902d62db6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4776b861-b2f5-4a21-a0dd-7aeed9bff5e2","keyframes":{"transform":["translate3d(107.00280%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Property Owner: These properties, valued at INR 24.64 Crore, belong to M/s Venkateshwara Hatcheries Pvt. Ltd, a company engaged in the poultry business.

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[{"selector":"#anim-09c8f6c1-a71c-48eb-953b-76cdff24a2c3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.843749786673241%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-ed8e3588-23fb-4c2b-808d-5c0010939f7f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa74eb05-8172-4d7c-adde-eeb38d219e85","keyframes":{"transform":["translate3d(107.28291%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] ED's Empowerment: Under FEMA, the ED has the authority to take such measures when it suspects that certain transactions or properties are linked to money laundering activities or other legal violations.

[{"selector":"#anim-f9eaa4bc-70f1-4349-ac4a-e71c1773651c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-42a33356-c29d-4c83-be90-a273b981d6a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1da760e6-d453-445d-9aa3-b162a691dd3e","keyframes":{"transform":["translate3d(107.56302%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Scrutiny of Venkateshwara Hatcheries: The company, Venkateshwara Hatcheries Pvt. Ltd has come under the ED's scrutiny due to suspected irregularities in foreign exchange transactions.

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