New Delhi, Oct. 31 -- The Enforcement Directorate (ED), Kolkata Zonal Office, today said it has filed a chargesheet against Amrit Feeds Ltd. (AFL), its promoter Harish Bagla and others in a bank fraud case.
The central agency has also attached immovable property worth Rs 10.44 crore belonging to the accused.
The investigation was initiated based on a complaint filed by the Serious Fraud Investigation Office (SFIO) against AFL, its related companies and its directors/promoters for allegedly siphoning off bank funds.
According to the ED, AFL siphoned off loan funds and defaulted on repayments. The loans, obtained from Axis Bank, PNB, Bank of India, and HDFC Bank, turned into non-performing assets (NPA) during the financial year 2015-16. Th...