â¹375 cr assets of Surat firm attached in â¹2,000cr bank fraud
The Enforcement Directorate has attached properties worth â¹375.71 crore of Surat-based Nakoda in a bank fraud case. The company allegedly obtained loans from a consortium of 13 banks led by Canara Bank and defaulted on repayment of these loans amounting to â¹2,107 crore. The firm opened 816 of Letters of Credit with banks on the basis of fake purchase invoices.