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Dynamite News
National
DN Bureau

Bank fraud: ED attaches assets of Rajkot company

Rajkot Enforcement Directorate Union Bank of India
Representative image

New Delhi: The Enforcement Directorate on Saturday said it has attached the factory plant, machinery, land and plots of a Rajkot-based company as part of a money laundering investigation against it for alleged bank loan fraud to the tune of Rs 44 crore.

The provisionally attached assets of the company called Mandeep Industries are worth Rs 16 crore, the agency said in a statement. The attachment order has been issued under sections of the Prevention of Money Laundering Act (PMLA).

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