Enforcement Directorate ordered freezing of Bank Accounts in 2G Spectrum Scam Case

Aug 31, 2011, 14:50 IST

Economy Current Affairs August 2011. Enforcement Directorate ordered freezing of bank accounts & attachment in connection with the bribe paid to Kalaignar TV in 2G spectrum scam

The Enforcement Directorate on 30 august 2011 ordered freezing of bank accounts and attachment of immoveable properties of five companies in connection with the alleged bribe of Rs 200 crore paid to Kalaignar TV in 2G spectrum allocation scam.


The bank accounts and immovable property, especially land of Dynamix realty, Conwood Constructions, Eversmile Constructions, Nihar Constructions and DB realty were attached.


The action of ED in ordering attachment of properties is in consonance with the ED's status report on its probe in the 2G spectrum scam, which it had presented before the Supreme Court in July 2011. ED counsel had then mentioned it to the Supreme Court that it would attach the properties.


The properties were attached under the provisions of the Prevention of Money Laundering Act (PMLA) and was termed as proceeds of crime under the Act.

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