ED attaches assets worth over Rs 54 crore of IFFCO MD U S Awasthi under money-laundering law

Updated: Sep 28 2022 8:26PM

New Delhi, Sep 28 (PTI) Fresh assets, including mutual funds, shares, bonds and bank deposits valued at more than Rs 54 crore, belonging to IFFCO Managing Director U S Awasthi have been attached in connection with a money-laundering case, the Enforcement Directorate (ED) said on Wednesday.

The case against Awasthi, his family members and others is linked to an alleged fertiliser scam and payment of kickbacks to the tune of Rs 685 crore.

The federal probe agency, in a similar action undertaken in June, had attached Awasthi's properties worth Rs 20.96 crore.