Malabar Cements Corruption Case: Delhi HC Stays Further Proceedings In Attachment Of Businessman V.M. Radhakrishnan’s Assets

The Delhi High Court has stayed the proceeding in advancement of the order of attachment of assets worth Rs. 23 crore belonging to businessman Mr. V. M. Radhakrishnan. The assets were attached in connection with the Malabar Cements corruption case. The Enforcement Directorate Officials (ED) had induced provisions of the Prevention of Money Laundering (PML) Act, 2002 and had served notices on 11 properties that include several hotels in Thiruvananthapuram, Palakkad, Kozhikode.