By Our Correspondent
BHUBANESWAR: Assets and Valuables worth approximately Rs 6.35 crore linked to Odisha-based ARSS Group and the Hyderabad-based AMR/AMRL Group were seized, including bank balances of approximately Rs 1.50 crore, demat/securities holdings of approximately Rs 2.90 crore, and cash and jewelry valued at approximately Rs 1.95 crore, along with various incriminating documents.
ED, Kolkata conducted search operations on 11.09.2026 under Section 17 of the Prevention of Money Laundering Act, 2002 at various premises linked to the Odisha-based ARSS Group and the Hyderabad-based AMR/AMRL Group in connection with a money laundering case related to the loan default involving the SREI Group of Kolkata.
As a result of the search operations, assets and valuables worth approximately ₹6.35 crore were seized, including bank balances of approximately ₹1.50 crore, demat/securities holdings of approximately ₹2.90 crore, and cash and jewelry valued at approximately ₹1.95 crore, along with various incriminating documents.
