2G: DB Realty loses plea on attachment of property

New Delhi: DB Realty on Tuesday lost an appeal against the attachment of Rs 223 crore property over the 2G spectrum scam. The PMLA (Prevention of Money Laundering Act) authority said that the Enforcement Directorate (ED) was justified in attaching the property.

Rs 223 crore is suspected to be the kickbacks by Shahid Balwa-owned Swan telecom to Kalaignar TV.

DB Realty had appealed saying the attachment was wrong.