 "EOW arrests two, attaches oil brand in NSEL scam")
The Economic Offences Wing of the Mumbai Police today arrested two borrowers in connection with the NSEL scam as they were not co operating with the police and were evading summons.
Gagn Suri, CEO of Yathuri Associates (outstanding Rs 405.60 crore) and Ranjeev Aggarwal of PD Agro (O/S of Rs 674.09 crore) are the two borrowers arrested.
EOW, so far has attached assets worth Rs 6000 crore in connection with the scam and have attached Tirupati oil brand of NK Proteins (Rs 938.59 crore), the largest borrower in the scam.
PricewaterhouseCoopers has valued Tirupati brand at Rs 300 crore. In the past, EOW has also attached Dunar brand of PD Agro which was valued at Rs 600 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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