ED attaches Rs 158-crore assets of Delhi hospital in PMLA probe

New Delhi, Jul 15 (PTI) Assets worth Rs 158 crore belonging to Delhi-based Rocklands Hospital Ltd have been attached under anti-money laundering provisions in a case related to alleged financial fraud, the Enforcement Directorate (ED) said on Wednesday. In an official statement, the agency said the promoters of the hospital -- located in south Delhi -- siphoned off funds from the company by generating fake invoices for medical implants worth Rs 76.03 crore using 71 companies and inflating construction costs of its hospital by Rs 82.34 crore using its related company Somya Constructions. The accused used accommodation entry operators and shell entities to conceal the origin of the "illicit" funds, the agency said. The hospital or its promoters could not be immediately contacted for a comment. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach assets worth Rs 158.37 crore, the ED said. The ED case stems from a January 2020 chargesheet filed by the Serious Fraud Investigation Office (SFIO), under the Ministry of Corporate Affairs, against the accused promoters. PTI NES ARB ARB