New Delhi, 21 July: Cracking the whip on fraudulent chit fund schemes and their operators, a special anti-money laundering court here has issued freezing orders on Rs 1.92 crore of cash deposits of Mumbai-based firm City Limouzines which allegedly duped hundreds of investors.
The Adjudicating Authority of the Prevention of Money Laundering Act (Act), the judicial appellate court for money laundering offenses, issued the orders after the Enforcement Directorate attached the accounts of the firm after it finished its year-long probe in this case. This is the second such order by the authority after it issued a similar directive freezing Rs 1.63 crore in bank accounts of chit fund companies’ owners in Haryana, Punjab which have cheated many.     pti