2G: ED to attach properties worth Rs 200 cr
August 23, 2011  16:00

The Enforcement Directorate will soon attach more than Rs 230 crore worth of properties in connection with the alleged bribe money which the CBI has said was paid illegally to Kalaignar TV in the 2G spectrum scam.

The Directorate has identified various properties in this regard and formal orders will be issued soon. The properties are in the names of various entities, ED sources said. The properties will be attached under the provisions of the Prevention of Money Laundering Act and will be termed as "proceeds of crime" under the Act.

This would be the first attachment order in the 2G case, and the action is expected to be followed by the properties of various telecom firms involved in the case.

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