ED attaches fresh assets in PMLA case against UP-based bike taxi aggregator

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ED attaches fresh assets in PMLA case against UP-based bike taxi aggregator - Business Standard

Quick Summary:

The Enforcement Directorate on Thursday said it has attached fresh assets worth more than Rs 5 crore as part of a money laundering investigation against an Uttar Pradesh-based bike taxi aggregator and its promoters.

A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued against the company, Hello Ride Limited, its directors, presidents, agents and others, the ED said in a statement.

The attached properties, which include agricultural land and plots, are located in Prayagraj, Kanpur and Lucknow in Uttar Pradesh.