This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Properties of Anee Group seized under India's AML laws

( April 12, 2023, 06:57 GMT | Official Statement) -- MLex Summary: Twenty properties belonging to the Anee group of companies have been seized by India's financial crime-fighting agency under the 2002 Prevention of Money Laundering Act, after the group was alleged to have committed fraud and laundered funds of investors to the tune of 1.1 billion rupee ($ 13.75 million). Since 2019, complaints were lodged with the Uttar Pradesh police accusing the group of luring investors through fraudulent schemes and laundered the proceeds to purchase various immovable properties in the name of the group directors, the Directorate of Enforcement said in a statement. The directorate's investigations are continuing. Statement of the Directorate of Enforcement follows:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections