New Delhi, May 14 (UNI) Enforcement Directorate (ED) has provisionally attached immovable properties consisting of commercially diverted land of 270374 square feet along with shopping mall in Nagpur worth Rs 483 crores of KSL and Industries Ltd, Mumbai under Prevention of Money Laundering Act (PMLA) in bank fraud case, the probe agency officials said on Tuesday.
Mumbai based KSL and Industries Ltd is one of the group company of Tayal group of Companies.
Central financial probe agency move under PMLA, comes after the registration of three FIRs by CBI against different companies of Tayal group of Companies namely Actiff Corporation Ltd, Jaybharat Textiles & Real Estate Ltd, KKTL and Eskay Knit (India) Ltd for cheating and fraudulently availing loans totaling to Rs 524 crore from Bank of India and Andhra Bank during the year 2008.