ED attaches Rs 13 crore property in bank fraud

Posted on January 09, 2018 from Delhi, National ι Report #168716

New Delhi, Jan 9 (IANS) 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.