New Delhi, Aug. 29 -- The Directorate of Enforcement (ED), Bengaluru, has attached immovable assets valued at approximately Rs. 1.79 crore owned by K G Bhadraradhya, one of the accused in a vehicle loan fraud case.
The attachment order was issued on August 25 under the provisions of the Prevention of Money Laundering Act (PMLA).
The attached properties consist of two RCC roofed buildings situated in Nagarabhavi, Bengaluru. The action is part of an investigation into a case involving K.G. Bhadraradhya, Ashok Kumar, Smt. V Vijaylakshmi, and Smt. Radha Agarwal alias Radha alias Anjana.
The individuals are accused of defrauding banks, including Canara Bank, Corporation Bank, and Saraswat Co-operative Bank, by obtaining vehicle loans against ...