ED attaches Rs 13 crore property in bank fraud

Image
IANS New Delhi
Last Updated : Jan 09 2018 | 3:30 PM IST

The Enforcement Directorate (ED) has attached Rs 12.19 crore of property as part of its money laundering probe in a case of bank fraud in Malabar Hill-based Dena Bank branch in Mumbai, an official said on Tuesday.

The agency said it attached the property on Monday under the Prevention of Money Laundering Act (PMLA) and that the total attachment in the case so far was Rs 23.49 crore.

"ED attaches properties worth Rs 13.19 crore under PMLA in a case of bank fraud in Dena Bank, Malabar Hill branch," the ED official said.

--IANS

rak/ahm/mr

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 09 2018 | 3:22 PM IST

Next Story