Enforcement Directorate Attaches Moonlife Teamworks India’s Properties

ED Attaches Moonlife Teamworks India's Properties
ED Attaches Moonlife Teamworks India's Properties
Written by Ak Sharma

On friday properties worth of Rs.4.12 crores of Moonlife Teamworks India Private Limited got attached by Enforcement Directorate department at Hyderabad.

The properties belonged to Moonlife Teamworks India Private Limited, its managing director P. Narayanachary and Sri Chandra Farms and Resorts India Limited in a MLM fraud case.

The ED officials, in a press release, stated that the properties were attached under the Prevention of Money Laundering Act.

Investigation revealed that Moonlife company, its managing director and others wrongfully gained Rs. 4.12 crore through multi-level-marketing, dealing in residential plots, they said.

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