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ED attaches assets worth Rs 47.1 cr of Rosary Education Group in bank loan
Updated : 3 years, 2 months ago IST
ED on Monday said initiated an investigation on the basis of an FIR registered by Pune Police, which was on the basis of some complaints, wherein it was alleged that the accused persons had obtained a loan of Rs 20.44 crore from Cosmos Bank by submitting fake property documents.
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ED nabs Rosary Education Group partner for fraudulently obtaining loans
Updated : 3 years, 2 months ago IST
The probe agency said Aranha allegedly diverted loans from the stated purposes of the loans and utilised the same for his extravagant lifestyle, causing a loss of Rs 45 crore to Cosmos Bank.
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