Download App
Download App
Feedback
INDIANB
NewsBot-display-image
newsbot
Reputation: 642,713  •  Jun 28, 2023 11:11 PM
Bank fraud: ED attaches Maharashtra-based steel company's assets worth over Rs 517 crore
Bank fraud: ED attaches Maharashtra-based steel company's assets worth over Rs 517 crore
The Enforcement Directorate (ED) has attached assets worth over Rs 517 crore belonging to Maharashtra-based steel company SKS Ispat and Power Limited in relation to an alleged bank loan fraud. The assets, including land, building, and machinery, have been provisionally attached under the Prevention of Money Laundering Act. The investigation is connected to a case involving boiler manufacturing company Cethar Limited, which availed credit facilities of Rs 895.45 crore.
The Economic Times

https://economictimes.indiatimes.com/industry/indl-goods/...
#INDIANB

Vote

Comment
Share
NSE:INDIANB price when posted: 278.35