News Desk, AnyTV, New Delhi
Published by: Abhishek Dixit
Updated Wed, 23 Feb 2022 09:50 PM IST
Summary
The directorate had initiated investigation against SLO director Anil Kumar Ojha and others on the basis of a report filed by CBI’s Bank Security and Fraud Cell, Bangalore.
The Enforcement Directorate has attached plant and machinery of SLO Industries Ltd. in a money laundering case related to bank fraud. These properties, worth Rs 3.81 crore, have been attached under the Prevention of Money Laundering Act (PMLA).
The directorate had initiated investigation against SLO director Anil Kumar Ojha and others on the basis of a report filed by CBI’s Bank Security and Fraud Cell, Bangalore. Investigation revealed that the company had availed various credit facilities from Corporation Bank (now Union Bank) and made fraudulent transactions of 201.88 crores.
The SLO siphoned off this money by manipulating accounts with other group companies. CBI investigation revealed that this amount was invested in real estate. Earlier, the company has attached movable and immovable assets worth Rs 82.83 crore.
Expansion
The Enforcement Directorate has attached plant and machinery of SLO Industries Ltd. in a money laundering case related to bank fraud. These properties, worth Rs 3.81 crore, have been attached under the Prevention of Money Laundering Act (PMLA).
The directorate had initiated investigation against SLO director Anil Kumar Ojha and others on the basis of a report filed by CBI’s Bank Security and Fraud Cell, Bangalore. Investigation revealed that the company had availed various credit facilities from Corporation Bank (now Union Bank) and made fraudulent transactions of 201.88 crores.
The SLO siphoned off this money by manipulating accounts with other group companies. CBI investigation revealed that this amount was invested in real estate. Earlier, the company has attached movable and immovable assets worth Rs 82.83 crore.