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Bank fraud: ED attaches Rs 98 cr worth assets of promoters of Pune based group
Updated On: 20 March, 2023 02:57 PM IST | New Delhi | PTI
The ED found the schools of the group "did not" maintain any account of revenue, expenditure and income since 2012 and no ITRs (income tax returns) were filed
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ED logo. File Pic
The Enforcement Directorate (ED) on Monday said it has attached four properties, including land and a school building, of the promoters of a Pune-based education group under the anti-money laundering law. The action is part of a probe into an alleged bank loan fraud against a local cooperative bank.
The assets belong to Rosary Education Group and its main partners Vinay Aranha and Vivek Aranha. A provisional order for attaching four properties has been issued under the Prevention of Money Laundering Act (PMLA), the agency said in a statement.
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