ED attaches assets over 100 crore of directors of Fair Deal Supplies Ltd

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Enforcement Directorate has attached assets around 108 crore rupees of directors of Fair Deal Supplies Ltd in a bank fraud case.

The attached assets include Land and building of SIV Industries in Coimbatore, an office building, a farm house and a bungalow in Ahmedabad.

The ED took up a case of bank fraud for investigation against the directors and others on the basis of charge-sheet filed by CBI before Special Court in Kolkata for defrauding UCO Bank.

It was revealed that the company and its directors allegedly availed various credit facilities and Foreign Letters of Credit from UCO Bank, Kolkata fraudulently by submitting inflated and fabricated stock statement. (AIR)

36 Days ago