ED registers Rs 109Cr loan default case against Simbhaoli Sugars mill
Written by : SMTV24x7 | Thu, Mar 01, 2018, 11:24 PM
New Delhi, March 01: The Enforcement Directorate (ED) on Thursday said it has registered a case against Simbhaoli Sugars' chairman Gurmit Singh Mann and others in connection with a Rs 109 crore loan default case.
According to the financial probe agency, the case was registered against Mann, CEO G.S.C. Rao, CFO Sanjay Tapriya, executive director Gursimran Kaur Mann and other company officials.
Besides, some more bank officials in connection with the alleged bank fraud involving the sugars mill and the Oriental Bank of Commerce (OBC) were also booked for money laundering.
The ED official said the agency has carried out searches on Wednesday in Uttar Pradesh's Hapur and Ghaziabad.