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ED attaches properties worth Rs.375 crores of Surat firm in fraud case

The Enforcement Directorate has attached the properties worth Rs. 375.71 crores of a Surat-based firm, Nakoda Ltd in a bank fraud case

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The Enforcement Directorate has attached the properties worth Rs. 375.71 crores of a Surat-based firm, Nakoda Ltd in a bank fraud case. On the basis of an FIR and the charge-sheet filed by the Economic Offence wing of the Central Bureau of Investigation (CBI), the ED has registered a case against the firm along with its Chairman and Managing Director Babulal Gumanmal Jain and his son Joint Managing Director of the company Devender Babulal Jain.

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