New Delhi: Enforcement Directorate i.e. ED has attached assets worth Rs 92 crore while taking big action in a bank scam. This action has been taken against a company in Kolkata. The company is also under investigation in the money laundering case. The ED said that the assets of SPS Steel Rolling Mills Ltd, attached under the PMLA, included a five-star hotel, three luxury apartments, an office building and a 0.33-acre piece of land.
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The Kolkata-based company produces the Elegant Steel brand, and this April it was taken over by another Kolkata-based company. The ED had registered a criminal case on the basis of the FIR lodged against the company by the CBI. The CBI in its FIR had registered a case against the owner of the company Bipin Kumar Vohra and others with a group of eight banks headed by Allahabad Bank in Kolkata for a Rs 550 crore loan scam.
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It was revealed during the investigation that this loan money was fraudulently transferred to various shell companies. Apart from this, the owners of the company also used this money in their five-star hotels, security business and in the past to repay debts. The ED is engaged in further action after attaching the property.
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