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ED freezes Singapore bank deposits linked to fugitive in Rs 1,200-crore loan fraud
['Telangana Today']
Telangana Today
ED freezes Singapore bank deposits linked to fugitive in Rs 1,200-crore loan fraudThe Enforcement Directorate attached ₹94.76 crore held in a Singapore bank account linked to fugitive economic offender Karan Chanana in a ₹1,200-crore loan fraud case involving Amira Pure Foods.
He and co-promoter of the company Anita Daing were declared fugitive economic offenders under the Fugitive Economic Offenders Act (FEOA), 2018 by a special court in Delhi in February.
and causing wrongful loss to the tune of Rs 1,201.85 crore to a consortium of banks led by Canara Bank.
The rice company has business operations in the US, the UK, the UAE, Germany, Mauritius and in some other countries, as per the ED.
With the latest order, the total attachment in the case stands at Rs 226.26 crore, according to the agency.