Enforcement Directorate Seeks Details of ATS Group from Noida authority
In a letter to the Noida Authority, the Enforcement Directorate requested information about land allocation and unpaid debts related to the ATS Group, a real estate developer. According to an official letter, the information has been requested as part of the Enforcement Directorate’s investigation conducted in accordance with the Prevention of Money Laundering Act (PMLA), 2002.
Details of 63 businesses connected to the developer, some of whose projects are facing insolvency procedures, have been requested by the ED’s Lucknow zonal office.
“Under the PMLA, 2002, this directorate is investigating the ATS Group case. In this context, you must provide information about any land allotment to any of the group firms, whether acting alone as a bidder or in conjunction with other companies.”
