FCCB fraud probe: Rs.11.07 crore assets attached by ED
MUMBAI, Feb. 22 -- The Mumbai unit of the Enforcement Directorate (ED) has provisionally attached assets worth Rs.11.07 crore as part of its money-laundering investigation against the private firm, Geodesic Limited, and others in connection with a case related to the alleged defrauding of holders of Foreign Currency Convertible Bond (FCCB), of USD 125 million. FCCB is a bond issued in a currency other than the company's home country....
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