ED attaches over Rs 315 cr worth assets in money laundering probe against ex Maha NCP MP, his business groups

The Enforcement Directorate on Sunday said it has attached land, windmills, silver and diamond jewellery and bullion worth more than Rs 315 crore as part of an alleged bank fraud linked money laundering probe against a former NCP MP from Maharashtra, his family and businesses.

Ishwarlal Shankarlal Jain Lalwani (77), the former Rajya Sabha Member of Parliament from the Nationalist Congress Party (NCP), is the promoter of the Rajmal Lakhichand Jewellers Pvt Ltd, R L Gold Pvt Ltd and Manraj Jewellers among others.

The federal agency said in a statement that a provisional order under the Prevention of Money Laundering Act was issued by it on Friday to attach 70 immovable assets located in Jalgaon, Mumbai, Thane, Sillod (in Aurangabad district of Maharashtra) and Kutch (Gujarat) apart from some windmills, silver and diamond jewellery, bullion and Indian currency valued at a total Rs 315.60 crore in the bank fraud case of Rajmal Lakhichand Jewelers Pvt. Ltd., R L Gold Pvt. Ltd., and Manraj Jewellers Pvt. Ltd and others.  “The attached assets include the benami properties acquired by the promoters Ishwarlal Shankarlal Jain Lalwani, Manish Ishwarlal Jain Lalwani and others,” the ED alleged.