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ED attaches assets worth Rs 70 crore, including one linked to SRK

The company diverted and siphoned the amount through cheating and had no real business that could repay this amount, the agency charged.

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Shah Rukh Khan

Shah Rukh Khan

The Enforcement Directorate has attached assets worth over Rs 70 crore of three entities, including a company that owns actor Shah Rukh Khan's IPL cricket team, in connection with its money laundering probe in the Rose Valley ponzi scam case, the agency said on Monday.

The three entities are Multiple Resorts Pvt Ltd, Kolkata's St Xavier's College and Knight Riders Sports Pvt Ltd. The agency said in a statement that "movable and immovable properties belonging to various entities and individuals who received funds from Rose Valley group and related entities having a book value of Rs 70.11 crore have been provisionally attached under the provisions of the Prevention of Money Laundering Act (PMLA)".

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