ED seizes Rs 51 cr more from firm having Chinese links, total Rs 238 cr recovered so far

The ED on Wednesday seized Rs 51.23 crore more from bank accounts and virtual accounts with payment gateways, belonging to PC Financial Services Private Limited (NBFC). Till date, the total seizure in the case is around Rs 238 crore.

The Enforcement Directorate (ED) on Wednesday said it has seized an additional amount of Rs 51.23 crore lying in bank accounts and virtual accounts with payment gateways, belonging to PC Financial Services Private Limited (NBFC) under the provisions of the Foreign Exchange Management Act (FEMA), officials said.

This recent seizure is in continuation of earlier seizures of Rs 106.93 crore and Rs 131.11 crore.