CHENNAI: The Enforcement Directorate (ED) announced on Monday that it has attached 47 properties in the Chennai Port Trust fixed deposit scam, totaling Rs 5.74 crore.
"In the Term Deposit Fraud linked to Chennai Port Trust, the ED has attached 47 properties, including 230 acres of land, 20 plots, gold, vehicles, and bank deposits, totaling Rs 5.74 crore," the ED stated in a tweet.
The Central Bureau of Investigation (CBI), India's main investigative agency, had earlier said that it had filed a charge sheet against 18 suspects for allegedly inflicting a loss of Rs 45.40 crore to Indian Bank.
The CBI said in November that it has filed a charge sheet against the then-Branch Manager of Indian Bank's Koyambedu Branch and private individuals in connection with the foreclosing of fixed deposits in the name of the Chennai Port Trust.
On July 31, 2020, the CBI opened an investigation into a complaint filed by Indian Bank, Chennai, accusing two private individuals, the Branch Manager of Indian Bank, Koyambedu Branch, Chennai, and other unknown public servants and private individuals of committing fraud, forgery, and impersonation with the intent to defraud the bank of Rs 100.57 crore.