ED attaches shares of Singapore-based shell company under PMLA in fraud case

The Enforcement Directorate (ED) on Tuesday attached shares worth Rs 452 crores of ILFS Tamil Nadu Power Company (ITPCL) held in the name of a Singapore-based shell company.

The Enforcement Directorate (ED) on Tuesday attached shares worth Rs 452 crores of ILFS Tamil Nadu Power Company (ITPCL) held in the name of a Singapore-based shell company.

The agency said that the company M/s A S Coal Pte Singapore is owned by a British National, Jaimin Vyas.

"ED attaches shares worth Rs 452 crores of ILFS Tamil Nadu Power Company (ITPCL) held in the name of M/s A. S. Coal Pte Singapore (a shell company), owned by a British National, Jaimin Vyas under PMLA in a fraud case," ED tweeted. (ANI)