The Enforcement Directorate provisionally attached assets worth Rs 1,002.79 crore in the money laundering case involving Dnyanradha Multistate Cooperative Credit Society Ltd (DMCSL), its chairman Suresh Kute, and others.
Kute, currently in judicial custody, is accused of defrauding over 4 lakh investors through DMCSL by offering Ponzi schemes with promises of 12%-14% interest.
The investigation revealed that Rs 2,318.45 crore was fraudulently diverted as loans to Kute Group companies owned by Kute and his wife.
ED has seized and attached assets totaling Rs 1,097.87 crore, including land, buildings, and movable assets.