Kolkata, Sept. 3 -- The Enforcement Directorate (ED) on Thursday conducted searches at 11 locations in Kolkata in connection with a Rs 290 crore bank fraud case.
The search operation began in the morning, with ED officials accompanied by central armed forces personnel.
According to ED sources, a company had secured a loan of approximately Rs 300 crore from a bank to set up a power plant in Jharkhand. However, allegations arose that the loan funds were diverted to another entity and utilised for personal purposes.
Published by HT Digital Content Services with permission from United News of India....