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ED attaches Rs 110 crore assets in Prayag Group of Companies case

The Enforcement Directorate has attached properties worth Rs 110 crore in a money laundering case involving Prayag Group. The group allegedly collected Rs 2,863 crore from over 38 lakh investors through illegal schemes. Funds were diverted for personal gain and acquiring assets. Directors Basudeb Bagchi and Avik Bagchi are in judicial custody. A prosecution complaint has been filed.

22 Dec 2025 5:19 pm