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While the investigation is under progress, ED has so far detected and provisionally attached five commercial plots measuring more than 20 acres, a two-acre farmhouse and a commercial flat-cum-office in the National Capital Region (NCR).
The investigation further revealed that out of the business and capital loans and credit facilities disbursed by the complainant banks, the Lakhani Group — on the directions of the promoters — made sales to related parties at a loss, repaid loans of sister concerns, made unusual interest payments to the directors, etc.
The story "ED attaches properties worth Rs 110 crore in Lakhani Group bank fraud case" has 299 words across 6 sentences, which will take approximately 2 - 3 minutes for the average person to read.
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The story "ED attaches properties worth Rs 110 crore in Lakhani Group bank fraud case" was covered 1 days ago by Business Standard, a news publisher based in India.
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