Home / News / India News / Article / Bank loan fraud: ED attaches Rs 124 cr worth assets of various associates of Chennai group

Bank loan fraud: ED attaches Rs 124 cr worth assets of various associates of Chennai group

Various entities linked to the Chennai-based Surana Group of companies have been attached in connection with a money laundering investigation, officials said

Listen to this article :
ED logo. File Pic

ED logo. File Pic

Assets worth about Rs 124 crore that were in possession of various entities linked to the Chennai-based Surana Group of companies have been attached in connection with a money laundering investigation related to three alleged bank loan frauds worth a total Rs 3,986 crore, the Enforcement Directorate said Wednesday.

A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach 78 immovable properties, it said in a statement.

How do you like the new new mid-day.com experience? Share your feedback and help us improve.

Read Next Story
Kashmir weather: Rains lash Valley; snowfall likely in higher reaches as mercury dips

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All

Advertisement