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Bank fraud: ED attaches over Rs 124-cr assets of media group

Bank fraud: ED attaches over Rs 124-cr assets of media group

Wednesday, January 1, 2020, 10:51 AM

Assets worth over Rs 124 crore of a media group have been attached in connection with a money laundering case against it linked to an alleged bank fraud case, the probe agency said on Tuesday. The group companies "fraudulently" availed loans to the tune of Rs 2,600 crore from banks, the Enforcement Directorate (ED) said.
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