ED freezes assets of Popular Finance owners
Ernakulam: The Enforcement Directorate (ED) has frozen the assets of the accused in Popular Finance scam. ED has written to Registrars and banks in this regard. The accused will be arrested by ED on Monday after their police custody period comes to an end.
The accused tried to transfer their assets abroad earlier. Following this, the ED decided to freeze the assets of the owners of Popular Finance. As part of this decision, all assets of Popular Finance across the country will be forzen. The letter in this regard was sent by an officer at Kochi Enforcement Directorate office.
The letter sent by ED mentioned that these assets should not be handed over. ED is also preparing to arrest the accused in connection with the case. All the major accused in the case are under the custody of the police. Their custody period will end on Monday.
Riya, Reenu and Reyba, the children of the owners of the company, are lodged in Attakkulangara jail. They will be interrogated by ED officers at the prison and will be arrested after this.