In a first under the Bharatiya Nagarik Suraksha Sanhita (BNSS), the Kukatpally court in Cyberabad has directed the attachment of properties worth several crores, allegedly acquired through the proceeds of corporate fraud.
The case pertains to an employee of a private company who in collusion with other accused manipulated invoices and freight charges to siphon off large sums of money. The misappropriated funds were routed through the bank accounts of relatives and friends and used to acquire multiple immovable assets in Andhra Pradesh.
A total of 14 acres of land located in Kalagara, Vissannapet, and Chandrupatla villages of Vissannapeta mandal, NTR District, have been ordered for attachment.
The order is a step forward in the enforcement of economic offences under the BNSS, empowering law enforcement agencies and the judiciary to ensure that properties acquired through cheating, fraud, and misappropriation are frozen to protect victims’ interests and prevent concealment or alienation.
Published – July 17, 2025 10:37 am IST