Tag: ED aircraft auction
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First-Ever India’s Enforcement Directorate’s Aircraft Auction: Seized Private Jet Sold for 73 Crore (US$350,000)
In a landmark first for India, the Directorate of Enforcement (ED) has successfully auctioned a seized Hawker 800A private jet for ₹3 crore (approximately US$350,000) as part of a major money laundering investigation linked to an alleged ₹792 crore (approximately US$92.4 million) Ponzi scheme. The aircraft was auctioned through the MSTC platform by the ED’s…
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