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Hyderabad HC sets aside ED order attaching Rs 822 crore fixed deposits of Tech Mahindra

Updated : December 31, 2018 04:34 PM IST

The Enforcement Directorate or ED in 2012 provisionally attached the fixed deposits under Section 5 (1) of the Prevention of Money Laundering Act (PMLA) 2002, before Tech Mahindra formally took over scam-hit Satyam Computers.
The ED attached the amount alleging that it was ill-gotten proceeds of Satyam Computers.
Hyderabad HC sets aside ED order attaching Rs 822 crore fixed deposits of Tech Mahindra
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