NEW DELHI: Assets worth Rs 483 crore of a Kolkata-based group have been attached by the ED in connection with an alleged multi-crore bank loan fraud case, the agency said on Tuesday. It said they have “provisionally attached immovable properties comprising commercially diverted land of 2,70,374 sq ft along with shopping mall in Nagpur worth Rs 483 crore of KSL and Industries Ltd, Mumbai under the Prevention of Money Laundering Act in a bank fraud case.” “KSL and Industries Ltd is one of the group company of the Tayal group of companies,” it said. It said the group and its four firms had availed loans of Rs 524 crore from the Bank of India and Andhra Bank in 2008 which was allegedly defrauded by it using a “maze of shell or illegal companies.” TNS
from The Tribune http://bit.ly/2HkakQn
via Today’s News Headlines
No comments: