Hyderabad, March 7 -- The Enforcement Directorate (ED) on Friday provisionally attached immovable properties worth Rs 26.86 crore belonging to Saubhagya Ispat India Pvt Ltd in connection with a bank loan fraud case. The ED's Hyderabad office issued a statement confirming the action.

According to the agency, the attached properties include flats, houses, residential plots, and agricultural lands.

Loans attained through forged documents

The case relates to allegations that the company obtained loans from the then Andhra Bank-now merged with Union Bank of India-by submitting forged and misleading documents. Based on these allegations, the Central Bureau of Investigation (CBI), Banking Frauds Division in Bengaluru, had earlier registered a...