Hyderabad, March 6 (IANS) Directorate of Enforcement (ED), Hyderabad Zonal Office has provisionally attached immovable properties valued at Rs 26.86 crore in a bank fraud case of Sowbhagya Ispat India Pvt. Ltd. (SIIPL).The attached properties under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 include residential flats, residential house, and open plots of land.The ED said in a statement on Friday that it had initiated investigation on the basis of FIR registered by CBI, …
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Chennai, Dec 30 (IANS) In a significant verdict delivered on Monday, the Special CBI Court in Chennai convicted M/s. D.N. International Ltd., a city-based diamond export firm, along with its directors, is involved in a major bank fraud case involving Rs 5.75 crore. The court sentenced the company’s directors — Ketan A. Shah, Mukesh A. Shah, Ashwin H. Shah and Rashmikant Shah — to five years of rigorous imprisonment each and imposed a fine of Rs 4 lakh on each of them. The company itself wa…