ED attaches assets worth Rs 42 crore of Kolkata firm in bank fraud case

The Enforcement Directorate attached assets worth Rs 42 crore of Shree Mahalaxmi Corporation Private Limited, a Kolkata based company, in connection with a bank fraud case.

The Enforcement Directorate has attached assets worth Rs 42 crore of a Kolkata-based firm for defrauding State Bank of India to the tune of Rs 164 crore, officials said.

The attached assets include 11 immovable properties belonging to the directors of Shree Mahalaxmi Corporation Private Limited, a Kolkata based company, under the provisions of Prevention of Money Laundering Act (PMLA).