Breaking: ED Attaches Assets in Bank Loan Fraud Case

The Enforcement Directorate (ED) has taken a major action in the bank loan fraud case. Under this, properties worth crores of rupees have been attached. According to a report released in this regard, the ED has accused Atlas Jewelery Pvt Ltd and its directors of fraud in loans taken from the bank. Between 2013 and 2018, a fraud of Rs 242.40 crore was done. Taking action in this case, the Enforcement Directorate has attached assets worth Rs 57.45 crore of the company’s directors MM Ramachandran and Indira Ramachandran.