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Bank loan fraud: ED attaches Rs 124 cr worth assets of Chennai company

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

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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.

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