ED attaches Rs 2-cr assets in Bank fraud case

Enforcement Directorate, ED has seized assets worth over two crore rupees in a bank fraud case.

In a statement, the ED said it has initiated the investigation under Prevention of Money Laundering against the officials of Syndicate Bank and private persons.

During the investigation, it revealed that from 2011 to 2016, the mastermind of the fraud in collusion with bank officials defrauded the bank through adopting different modus operandi.

ED has already attached assets worth over 386 crore rupees and prosecution complaint has been filed against 81 persons including the key accused.


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