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ED attaches Rs 10 crore assets of industrialist

ED attaches Rs 10 crore assets of industrialist
Kolkata, March 22 (IANS) The Enforcement Directorate on Wednesday said it has attached assets worth Rs 10 crore of city-based industrialist B.K. Vohra in a bank fraud case.

In August 2014, the Central Bureau of Investigation registered a case against the private firm's three directors including Vohra for causing an alleged loss of Rs 139.05 crore to the Central Bank of India.

The agency said the company availed credit facilities on the basis of "false and forged documents" and diverted the funds for "the purpose other than for which the same was sanctioned".

 

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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ED attaches Rs 10 crore assets of industrialist

About VDC

Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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