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Central Bureau of Investigation (CBI) has lodged an FIR of loan fraud of Rs 167 crore against a Mumbai based firm Varron Auto Kast Ltd and its directors.A senior CBI official said that a written complaint in this respect was received from State ...
staff reporterin a recent development in the varron group of industries’ loan fraud case, the enforcement directorate (ed) has provisionally attached 12 immovable properties worth rs 12.80 crore in nagpur, pune, ratnagiri, and goa.
The Enforcement Directorate (ED) said on Tuesday that it has attached 12 immovable properties, located in Nagpur, Pune, Ratnagiri and Goa, worth Rs 12.80 crore in the money laundering investigation against bank loan fraud by the Varron Group of Industries.
The ED's money-laundering investigation is based on three FIRs registered by the Central Bureau of Investigation (CBI) against Varron Group and its promoter the late S P Sawaikar, in a loan fraud case amounting to more than Rs 3,000 crore.
Directorate of Enforcement (ED) attached 12 immovable properties, located at Nagpur, Pune, Ratnagiri and Goa worth Rs 12.80 crore under the Prevention of Money Laundering Act (PMLA) 2002 in the money laundering investigation against Bank loan fraud by Varron Group of Industries, officials said on Tuesday.