NSEL scam: ED attaches Rs 14.22 crore assets of NK Protein
December 05, 2014
Ahmedabad, 4 December 2014
The Enforcement Directorate has attached assets worth Rs 14.22 crore of a defaulting firm, accused in the Rs 5,600 crore National Spot Exchange Ltd scam case.
“ED Mumbai attaches commercial property under PMLA in Ahmedabad worth Rs 14.22 crore of M/s N K Protein in NSEL scam,” the investigating agency tweeted this morning.
ED has attached some offices, valued at Rs 14.22 crore, of NK Proteins in a commercial complex in Makarba area of Ahmedabad close to SG Highway.
ED’s Mumbai unit had registered a criminal FIR in October last year in connection with the NSEL scam.
NK Proteins, one of the top edible oil players of Gujarat, is allegedly the top NSEL borrower-defaulter, having obligations to the tune of Rs 970 crore.
Earlier in August, ED had attached assets worth Rs 18.1 crore of N K Proteins in Mumbai, Noida, Ahmedabad and Palanpur in Gujarat under the criminal provisions of the PMLA.
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