Ed attach £ 1,460 Crore Anamby Valley in Maharashtra's Lonavala in case against Sahara Group | Today news

India’s maintenance directorate (ED) announced on Tuesday, April 15, that they attached the £ 1.460 Crore Anamby Valley City property in Lonavala to its money laundering investigation against the Sahara group, reports the PTI news agency. The 707-acre property is located in the Sahyadri mountain range in the Pune district, Maharashtra. According to the agency report, the city of ‘India’s first planned Hill City’ is called, with large golf courses, lakes, villas, chalets and cottages, aimed at providing a premium living standards for its residents. The property is located 110 kilometers from the city of Mumbai and nearly 90 kilometers from Pune, two metropolitan cities that offer work and opportunities for businesses and corporations. According to the ED report, the land for the Eamby Valley City was bought in ‘Benami’ names with funds allegedly ‘derived from the Sahara group entities’, according to the report. According to the Agency Report, a preliminary order was issued by the Kolkata office under the Money Laundry Prevention Act (PMLA) to attach the Eamby Valley City with the money laundering investigation. Sahara Group Money Laundry case Sahara Group was involved in a Ponzi scheme by its various subsidiaries, and a case was filed against the allegations that the investors were “cheating” to deposit funds, “forced”, without their consent, “from their expiration, despite the claim of a few times, the news agency reported. The money laundering case contains more than 500 FIRs submitted by various State Police Divisions, and three from these FIRs are against Humara India Credit Cooperative Society Ltd (HicCSL) and others by Odisha, Bihar and Rajasthan Police. Hiccsl, Sahara Credit Cooperative Society Limited (SCCSL), Saharayn Universal Multipurpose Cooperative Society (SUMCS), Stars Multipurpose Cooperative Society Limited (SMCSL), Sahara India Commercial Corporation Ltd (Sahara India Real Corporation Ltd (Sirecl), Sahara House Housing Corporation Ltd (Shicl), and according to the report, other group entities were allegedly involved in this scheme. First Published: 15 Apr 2025, 05:55 Hour Ist