The Enforcement Directorate has issued an attachment order under the provisions of the Prevention of Money Laundering Act to attach assets worth Rs 59.52 crore.
The attached assets are in the form of fixed deposits maintained and available with State Bank of India, Sudhamnagar Branch in the name of Church of South India Trust Association (CSITA).
Investigation under the provisions of the PMLA was initiated on the basis of an FIR registered at Ashoknagar Police Station, Bengaluru against CSITA for dishonestly entering into an arrangement for transfer of title of Defence Land measuring 7426.886 square meters (which was earlier leased to All Saints Church) with Bangalore Metro Rail Corporation Limited (BMRCL), a Government of Karnataka undertaking.