ED attaches assets worth Rs 72 crore of Kudos Finance, others in money laundering case

The attachment under the Prevention of Money Laundering Act (PMLA), includes money lying in various bank accounts and payment gateway accounts of Kudos Finance and Investments Private Limited and its partner firms. 

The Enforcement Directorate (ED) has attached assets worth over Rs 72 crore in connection with a money laundering case involving Kudos Finance and Investments Private Limited, an Indian NBFC, and its various fintech partner companies, officials said.

The attachment under the Prevention of Money Laundering Act (PMLA), includes money lying in various bank accounts and payment gateway accounts of Kudos Finance and Investments Private Limited and its partner firms.