New Delhi, Aug. 29 -- The Enforcement Directorate (ED) on Friday said that it has attached properties worth Rs. 2.86 crore belonging to Crown Minerals Trading Corporation (CMTC) and its partners in a bank fraud case.
The attached assets, including multiple plots of land and a residential villa in South Goa, were seized under the Prevention of Money Laundering Act (PMLA) on August 28.
The action comes after an investigation based on an FIR and chargesheet filed by the CBI's Anti-Corruption Bureau, Goa against the accused firm and its partners. The partners of CMTC are alleged to have fraudulently obtained a loan facility of Rs. 7.00 crore from Canara Bank which was later defaulted.
ED investigation revealed that the accused obtained an Op...