ED attaches assets worth ₹59.37 crore in alleged GDR scam case
ED attaches Rs.59.37cr assets in GDR scam linked to Farmax India Ltd. Agency takes action against Arun Panchariya, Sanjay Aggarwal & India Focus Cardinal Fund for allegedly executing fraudulent GDR scheme to cheat Indian investors. GDR proceeds of $71.91M not repatriated to India, $56.57M pledged as security against loan.
The Hindu ·
The Hindu
