Home >Companies >News >FTIL moves court against ‘possible’ attachment of assets by ED

Mumbai: Financial Technologies India Ltd (FTIL) on Monday moved the Bombay high court, saying it fears the Enforcement Directorate (ED) may attach its assets on money laundering charges.

“We would like to clarify that 63 Moons Technologies Ltd (formerly known as FTIL) has not received any attachment notice from the Enforcement Directorate (ED)," said a spokesperson for FTIL.

“However, in view of reports in a section of the media of a possible move by the ED to attach the assets of 63 Moons, the company has—in anticipation—filed a writ petition in the Honourable Mumbai High Court," the statement added.

Mint had reported on 25 July that the ED is planning to seize assets worth Rs1,000 crore belonging to National Spot Exchange Ltd (NSEL)’s promoters and defaulting members as it probes a three-year-old fraud at the defunct exchange.

“We pray that 63 Moons be given an opportunity to be heard by ED before making any attachment of the company’s assets," a company statement said.

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