The Enforcement Directorate has provisionally attached immovable properties worth Rs 207 crore from Madurai-based Neomax Properties Pvt Ltd and group firms across Tamil Nadu. This follows investor complaints of fraud, where high returns of 12-30% on plot projects were promised but not delivered, with funds diverted to shell entities amid manipulated accounts.
Securities Appellate Tribunal to hear Sahara's plea against SEBI's asset attachment