The Enforcement Directorate has seized immovable properties worth ₹41.64 crore belonging to Zavareh Soli Poonawalla, brother of Serum Institute of India chairman and managing director Cyrus Poonawalla, and his family members in connection with a foreign exchange violation probe linked to the Panama Papers, the agency said on Monday. A statement issued by the ED said it has “seized three …
The Enforcement Directorate on Monday seized three properties at a prime location in Mumbai, valued more than Rs 41 crore, as part of a foreign exchange violation probe against Zavareh Soli Poonawalla whose name was figured in the Panama Papers. In a statement, the federal probe agency said Zavareh Poonawalla and his family member are accused of “remitting foreign exchange …
