By Bizodisha Bureau, Bhubaneswar, October 3, 2017: Enforcement Directorate (ED) on Tuesday issued an order for attachment of immovable assets worth Rs 12.64 crore of ponzi firm Artha Tatwa (AT) Group of Companies.

The order was issued to AT chief Pradeep Kumar Sethy and others under Prevention of Money Laundering Act, 2002.

The ED will attach properties transferred from AT Group and its employees Sambit Khuntia, Rahul Kanwal and Mahindra Paramanik to certain unrelated entities and individuals.

Incidentally, Sethy had successfully changed the record of rights of the properties in the name of a religious institute to evade the attention of authorities. In this connection, a flat in Bhubaneswar in the name of Rajat Choudhury’s wife has also been attached, Enforcement Directorate said.

Earlier, the agency had earlier attached movable and immovable assets of AT Group and its associates to the tune of Rs 120.55 crore taking it to Rs 133.19 crore.