ED seizes assets worth 427 crore rupees from Shivananda Neelannavar in Bengaluru

The Enforcement Directorate (ED) has seized assets worth 427 crore rupees from Shivananda Neelannavar, the owner of Shivananda Associates. The seizure includes fixed deposits, bank accounts, share investments, agricultural land, and bungalows. ED investigations revealed a fraud of 2,459 crore rupees by Shivananda Associates. Of the total seizure, 44 crore rupees from 47 bank accounts and 367 crore rupees in fixed deposits were seized, along with 13 crore rupees in immovable property and 1.31 crore rupees in the stock market, totaling 427 crore rupees.