The raid underway in Ludhiana.
Ludhiana, January 12
The Enforcement Directorate (ED) today raided around 15 premises of SEL Textiles Limited in Ludhiana and Shaheed Bhagat Singh Nagar (Nawanshahr) in connection with the Rs 1,530 crore bank fraud case.
According to sources, leading industrialists and real estate developers having proximity to the SEL group were on the ED radar.
The raids have come up following the ED’s Enforcement Case Information Report (ECIR) filed in 2020 against SEL Textiles Limited in connection with the bank fraud case, which is being probed by the Central Bureau of Investigation.
The ED had already attached properties worth around Rs 830 crore in the case. These properties include land & buildings, plant & machinery of the group in Ludhiana, Muktsar Sahib, Shaheed Bhagat Singh Nagar (Nawanshahr), Alwar and Hisar. The raid was on till the filing of the report.
The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.
Join Whatsapp Channel of The Tribune for latest updates.
Most Read In 24 Hours
Don't Miss
View All
Top News
Severe heatwave conditions in north India; at 47.4 degrees Celsius, Delhi's Najafgarh hottest in country
Temperatures remain above 45 degrees Celsius in large parts ...
Lok Sabha election 2024: Over 59 per cent polling in fifth phase; Baramulla records its highest-ever turnout
There were sporadic incidents of violence in West Bengal, be...
Gujarat ATS arrests 4 Sri Lankan nationals with IS links on mission to carry out terror activities
Acting on a tip-off, the ATS apprehendsd the accused at the ...
More trouble for AAP as ED seeks FCRA probe in Rs 7 crore foreign funding; party calls it BJP's new conspiracy
The Aam Aadmi Party dismisses the allegation as ‘baseless’
