Enforcement Directorate i.e. ED attached properties worth Rs 97.79 crore of Shilpa Shetty and her husband Raj Kudra. This property also includes the Juhu bungalow and flat of Shilpa Shetty and Raj Kundra. Actually, this action is related to money laundering in the Bitcoin Ponzi scheme scam of 2002.
The Enforcement Directorate has shared complete information about this on social media platform X. Well, today in this article we will tell you less about the action taken against Shilpa Shetty and Raj Kundra and more about what is the difference between seized and attached.
Why does ED attach property?
When the Enforcement Directorate i.e. ED takes action against someone in case of disproportionate assets, then first of all it attaches the disproportionate assets. Now let us understand what it means to attach. Attaching means, when any organization feels that someone has assets disproportionate to his income, then an organization like ED immediately attaches him. You can call this a preliminary process.
Difference between seize and attach-
to confiscate
The Enforcement Directorate takes confiscation action in case of disproportionate assets only when the charges against the accused are proven. After seizure, the goods are deposited in the government warehouse. Whereas, in some cases, property is also confiscated on the orders of the court. Let us tell you that attachment action is taken under sections 82 to 86 of CrPC i.e. Code of Criminal Procedure.
to attach
In case of disproportionate assets, the initial action of the Enforcement Directorate is to attach the assets. However, according to the Court of Law, if the allegations made by ED are not proved then the attachment on the property can be removed.