Hyderabad, Aug 28 (TIWN) The Enforcement Directorate has attached 45 immovable properties worth Rs 363.51 crore of M/s MBS Jewellers Private Limited, M/s MBS Impex Private Limited, Sukesh Gupta, Anurag Gupta, Neetu Gupta, Vandana Gupta and their other group entities on August 26, under provisions of the PMLA, 2002.

MBS promoters Sukesh Gupta, Anurag Gupta, Neetu Gupta, Vandana Gupta and their other group entities were booked under Prevention of Money Laundering Act (PMLA). ED initiated money laundering investigation on the basis of FIR registered by CBI, Hyderabad against Sukesh Gupta and his companies for defrauding MMTC Limited in purchase of gold bullion under Buyer’s Credit Scheme. ED alleged "Sukesh Gupta in active connivance with few officials of MMTC Hyderabad, had continuously lifted gold without forex cover and without adequate security deposits. His dues were consistently mis-reported to the MMTC Head Office and without squaring off the existing losses, his firms continued lifting gold from MMTC for their personal gain. This has caused a loss of public money to the tune of Rs 503 crore, including interest of Rs 277 crore to MMTC." CBI had filed a chargesheet against Sukesh Gupta and others in 2014.