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Simbhaoli Sugars says 'not received' any notice in alleged bank-fraud case

Press Trust of India  |  New Delhi 

Simbhaoli Sugars Wednesday said it has not received any notice from the concerned department with regard to reports of attaching the company's Rs 110 crore assets in a fraud case by probe agency.

The Uttar Pradesh-based company gave clarification to both the BSE and NSE on media reports regarding "probe agency attaches Rs 110 crore assets of sugar company in fraud case".

"With regard to the as per the captioned subject, dated July 2, 2019, we hereby submit that as on date, the company has not received any such notice from the concerned department," the company said in a regulatory filing.

In case of receipt of such notice, the company will continue to cooperate with the investigating agencies in this matter, it added.

The ED (Enforcement Directorate) Tuesday had said it attached assets worth about Rs 110 crore of Simbhaoli Sugars Limited, one of India's largest sugar mills, in connection with a money laundering probe against the firm related to an alleged bank loan fraud.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 03 2019. 20:15 IST
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