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The Directorate of Enforcement (ED) has provisionally attached four immovable properties belonging to the Rosary Education Group and its partners -- Vinay Aranha and Vivek Aranha -- totalling Rs 47.1 crore under the relevant provisions of Prevention of Money Laundering Act, 2002.
Get latest articles and stories on Business at LatestLY. ED on Monday said initiated an investigation on the basis of an FIR registered by Pune Police, which was on the basis of some complaints, wherein it was alleged that the accused persons had obtained a loan of Rs 20.44 crore from Cosmos Bank by submitting fake property documents. Business News | ED Attaches Assets Worth Rs 47.1 Cr of Rosary Education Group in Bank Loan Fraud.