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ED attaches Rs 6.50 cr worth properties of Ignis Technology Solutions

Bengaluru: ONT Bureau Jan 07, 2017 The Enforcement Directorate, Bangalore Zone, which had registered a case of Money Laundering against Nihar Ranjan Samantara, Director, Ignis Technology Solutions Private Limited after carrying out investigation has attached properties worth Rs. 6.5 crore including a residential building, two residential apartments, a vacant residential site, agricultural lands measuring 8 acres and 37 guntas (all in Bengaluru), Industrial plot allotted by Odisa Industrial Development Corporation under Prevention of Money Laundering Act, 2002. According to a press release, the said money laundering investigation was initiated based on the Central Bureau of Investigation Charge sheet for cheating the United Bank of India to the tune of Rs 30 crore by fraudulent means in the matter of sanctioning and availing credit facilities. The release said the Money Laundering investigation had revealed the flow of illegal money generated from the said offense and used to acquire the attached properties. “Further investigation in progress,’’ the release said.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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