Live
- BJP urges EC to stop Cong’s ‘Guarantee Cards’ campaign aimed to 'induce voters'
- Congress cheated Madigas: Dr. RS Praveen Kumar
- CBDT signs record 125 pacts to ease tax payments by big multinational firms
- Kamal Nath accuses BJP of ‘threatening’ Congress leaders in Chhindwara
- Odisha: BJP, BJD allege violation of MCC
- PM Modi lands in Guwahati to kickstart poll campaign
- ‘100 day action plan’ is PM Modi’s signature style for setting goals and meeting targets
- BJP will change the Constitution if they come to power again, says Priyanka Gandhi
- BJP-led NDA to cross 390-mark in Lok Sabha polls, predicts India TV-CNX survey
- Haier launches new TV series in four sizes in India
Bank loan fraud case : ED attaches REI Agro's Rs 480 crores assets
The ED on Thursday said it had attached assets worth over Rs 480 crore of REI Agro Ltd, a prominent basmati rice processing company, in connection with a multi-crore-rupee bank loan fraud case.
New Delhi: The ED on Thursday said it had attached assets worth over Rs 480 crore of REI Agro Ltd, a prominent basmati rice processing company, in connection with a multi-crore-rupee bank loan fraud case.
The central agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) against the firm, it said in a statement.
In 2016, the Enforcement Directorate (ED) had lodged a money-laundering case against the company, which claims to be the world's largest basmati rice processing firm.
The alleged bank loan fraud is pegged at Rs 3,871.71 crore and it is being probed by the Central Bureau of Investigation (CBI) too.
The attachment worth Rs 481.04 crore largely comprises land, buildings, plants and machinery of the rice mill unit of the company, office space held by its controlled companies and wind farms owned by REI Agro Ltd, according to the statement.
Fifty per cent share of the immovable properties held by four companies of the Fortune Group based at Kolkata had also been attached, the agency said.
