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Speak Asia: Enforcement Directorate attaches Rs 101 cr bank balance

The Enforcement Directorate (ED) has attached over Rs 101 crore worth of bank balance in connection with its money laundering probe in the Speak Asia online marketing scam case

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Mumbai: The Enforcement Directorate (ED) has attached over Rs 101 crore worth of bank balance in connection with its money laundering probe in the Speak Asia online marketing scam case. The central probe agency had registered a criminal case against the firm, its officials and few others in 2012 under the provisions of the Prevention of Money Laundering Act (PMLA).

"The attached assets are bank balances in the accounts held by the firm and others. The agency considers them the proceeds of crime. The total amount under the latest attachment is about Rs 101 crore," sources in the agency said.

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