ED attaches land worth Rs 1,000 cr in US in loan fraud case
The Ahmedabad zonal unit of Enforcement Directorate (ED) has attached 1,280 acres of land, worth Rs 1,000 crore, in California, USA, in connection with an alleged bank loan fraud. For the first time ED had taken such an action in USA, an official said. "ED Indore attaches under PMLA (Prevention of Money Laundering Act) 1280 acres of land in California, USA, of Zoom Developers Pvt Ltd and Vijay Chaudhary in bank fraud case," the central agency tweeted today.