Eight immovable properties situated at Mumbai, Panvel, Pune, Raigad and Ratnagiri in Maharashtra were among those seized, , enforcement directorate, Enforcement Directorate (ED)
The ED had initiated investigations under the PMLA based upon an FIR registered by CBI, New Delhi, against M/s Magnum Steels and others for allegedly defrauding Bank of Baroda to the tune of Rs 95.97 crore.
Enforcement Directorate (ED) on Friday attached assets worth Rs 6.69 crore belonging to Kunal Gandhi, partner of Magnum Steels, Mumbai and his family members in a bank loan cheating case.
Get latest articles and stories on India at LatestLY. According to the officials, ED has initiated investigations under the Prevention of Money Laundering Act (PMLA) based upon an FIR registered by CBI, New Delhi against Magnum Steels and others for defrauding Bank of Baroda to the tune of Rs 95.97 crore. India News | Maharashtra: ED Seizes Assets Worth Rs 6.69 Crore in Bank Loan Cheating Case.