New Delhi, Feb. 23 -- The Enforcement Directorate has attached immovable properties worth Rs 13.20 crore of SGS Group in an alleged bank loan fraud of Rs 6,117.93 crore, the agency said on Friday.

The properties attached are in the form of shops in SGS Mall Pune, held by the SGS Group. The assets were attached under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

As per the agency, the bank loan fraud estimated at Rs 6117.93 crore (principal Rs 2,540.92 crore and interest Rs 3,577.01 crore) is against Punjab and Maharashtra Co-operative Bank (PMC) by Housing Development and Infrastructure Pvt Ltd (HDIL), its promoters and other co- accused and accomplices.

ED initiated an investigation on the basis of FIR filed b...