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April 9, 2024 7:15 PM

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ED provisionally attaches 1,807 acres of land worth over Rs 52 cr in bank loan fraud case

Enforcement Directorate (ED) has provisionally attached 1,807 acres of land worth over 52 crore rupees in bank loan fraud case of Punjab and Maharashtra Co-operative Bank. ED has initiated investigation on the basis of an FIR registered by Mumbai Police against the then directors of Punjab and Maharashtra Co-operative Bank Joy Thomas, Waryam Singh and other unknown persons. It said, Housing Development and Infrastructure Private Limited, its promoters and other co- accused committed a fraud by causing loss of over 6,000 crore rupees against the bank.