ED recovers ₹185.13cr properties from Surya Pharmaceuticals to SBI bank consortium due to alleged ₹828.50cr loan fraud.
The Enforcement Directorate (ED) has returned properties valued at ₹185.13 crore from Surya Pharmaceuticals Ltd. to a bank consortium led by SBI, following an investigation into alleged bank loan fraud that caused losses of approximately ₹828.50 crore. The company, along with directors Rajiv and Alka Goyal, used fake documents to secure loans. The Goyals fled the country in 2017 and were declared proclaimed offenders.
October 30, 2024
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