ED attaches ₹6.5 cr assets of an IT firm for cheating bank
The Enforcement Directorate has attached assets worth ₹6.5 crore of a Bengaluru-based IT firm in connection with a money laundering probe for allegedly defrauding United Bank of India of ₹30 crore. The ED registered a complaint following a CBI FIR. The case pertains to cheating the bank by fraudulent means in the matter of sanctioning and availing credit facilities.