News > ED attaches Rs 205 Cr in assets of ex-Tamilnad Mercantile Bank chairman, others

ED attaches Rs 205 Cr in assets of ex-Tamilnad Mercantile Bank chairman, others

27/12/2022 02:22 PM | Click to read full article

The Enforcement Directorate (ED) has attached assets worth Rs 205.36 crore of MGM Maran and MGM Anand and their Chennai-based company Southern Agrifurane Industries Pvt Ltd in connection with prevention of a money laundering case. It was also found that MGM Maran acquired undisclosed foreign investments of Rs 293.91 crore directly outside India during the same period.

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