The agency alleges that the company's books of account were falsified by inflating the value of assets, inventories and receivables to project a misleading financial position and continue availing bank credit facilities.
Based on these findings, ED has attached a residential property in Houston, Texas, jointly owned by Mr Punj and his wife, Pooja Punj, stating that it represents proceeds of crime held outside India.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
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