Kerala HC directs Highrich Directors to File Application for Transfer of Property Frozen u/s 17(1A) of PMLA [Read Order]

Kerala HC directed Directors of Highrich Private Limited to file application for transfer of property frozen under Section 17(1A) of PMLA

By Kalyani B. Nair - On April 21, 2024 2:59 pm - 2 mins read

Kerala HC - Highrich - transfer of property frozen us 17(1A) of PMLA - TAXSCAN

The Kerala High Court directed the directors of Highrich Private Limited to file application for transfer of property frozen under Section 17(1A) of the Prevention of Money- laundering Act, 2002 (PMLA). The Highrich scam is now believed to be worth over Rs 3,141 crore. The Enforcement Directorate (ED), which is probing the money laundering angle,…

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