India

ED attaches Empress Mall, other properties worth Rs 483 crore in bank fraud case



Earlier, in another similar case involving UCO Bank, properties worth Rs234 crore of Tayal group was also attached. ED initiated investigations under the PMLA on the basis of three FIRs of CBI (B&FC) against three different companies of Tayal group of Companies viz. M/s KSL & Industries Ltd ,Mumbai is one of the group company of Tayal group of Companies. Money trails of the same were identified and prime properties in Mumbai having market value of Rs 234 crore were also attached under PMLA. Eskay Knit (India) Ltd for cheating and fraudulently availing loans to the amount of Rs 524 crore from Bank of India and Andhra Bank during the year 2008.



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