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

Updated: May 31 2023 8:35PM

New Delhi, May 31 (PTI) 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.

The agency had attached assets of a similar value earlier in this case and with the latest order, the total attachment in the case stands at Rs 248.98 crore.

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