ED Seizes ₹588.57 Crore Assets in Amtek Auto Case

Fast Summary

• Teh Enforcement Directorate (ED) has attached assets worth ₹588.57 crore in connection with a bank fraud case involving Amtek Auto Limited and associated entities, including ARG Limited, ACIL Limited, Metalyst Forging Limited, and Castex Technologies Limited.
• Promoter Arvind Dham and others are linked to the case.
• Assets include immovable properties: 28 acres of land in Yamuna Nagar (Haryana), 67.5 acres in Panchkula villages (Kot and Khangesara), and properties located in Delhi/NCR region.
• Fixed deposits amounting to ₹8.70 crore and shares valued at ₹14.60 crore have also been attached by ED.
• Suspicious transactions involving Realtech Construction were discovered; third-party assets such as shares of Pitti Engineering Ltd., other demat balances tied to proceeds of crime from Amtek Group’s real estate verticals were implicated, according to ED statements.
• previous provisional attachments totaling ₹5,115.31 crore on September 5, 2024; ₹557.49 crore on March 26,2025 bring total attachment value to ₹6,261.37 crore after confirmation by adjudicating authorities.
• Inquiry stemmed from Supreme court directives dated February 27, 2024 during Public Interest Litigation against Amtek Auto companies enabled by prior CBI FIRs.
• Searches at over 40 locations led to the arrest of promoter Arvind Dham; prosecution complaint filed on September 6, 2024.

Indian Opinion Analysis
The Enforcement Directorate’s latest asset seizure highlights intensified investigations into corporate fraud cases like that of Amtek Auto Limited’s alleged irregularities spanning significant real estate holdings and financial transactions across entities under it’s umbrella structure-a move reflective of regulatory vigilance within India’s financial ecosystem.

This case underscores both broader concerns around systemic governance loopholes within conglomerates operating across key industrial sectors like auto manufacturing and also the judiciary’s growing role in directing accountability processes via channels such Supreme Court interventions/PIL mechanisms readdress framework builds transparency benchmarks ensuring national economy/public-finance trustassets frameworks safeguardedufficient downstream alignedectorcrossbil compliance tighten closural objectives pivotal!

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