India News | ED Attaches Assets of 2 Persons Accused of Forcing Kerala Man to End His Life
Get latest articles and stories on India at LatestLY. The Enforcement Directorate on Tuesday said it has attached assets worth more than Rs 31 lakh of two persons accused of pushing a Kerala man to end his life as they charged "exorbitant" interest for some funds lent to him.
New Delhi, Mar 5 (PTI) The Enforcement Directorate on Tuesday said it has attached assets worth more than Rs 31 lakh of two persons accused of pushing a Kerala man to end his life as they charged "exorbitant" interest for some funds lent to him.
The central agency took cognisance of an FIR filed by Muvattupuzha police station in Ernakulam district of the state that booked the accused Sudheesh and some others under various sections of the IPC, Kerala Money Lenders Act and Kerala Prohibition of Exorbitant Interest Act.
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Immovable properties belonging to Sudheesh and another person Anil Kumar, worth a total Rs 31.69 lakh, have been provisionally attached under the Prevention of Money Laundering Act (PMLA), the agency said.
Probe found, the ED claimed, that the accused allegedly ran an illegal money lending business and had charged deceased Babu with exorbitant interest, which led Babu into an acute financial crisis and depression.
"Consequently, Babu committed suicide and the suicide note found with him revealed the facts regarding the extortion made by the accused," the ED alleged.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)