Nagpur: The Enforcement Directorate on Thursday took physical possession of Nagpur’s Empress Mall worth Rs 483 crores in connection with an alleged bank fraud case against Tayal group of Industries.
The agency said that the mall, which is built on 2,70,734 square feet belongs to KSL industries limited. The probe by ED is based on three FIRs registered by the Central Bureau of Investigation (CBI) against different companies of Tayal group. They have been accused of cheating Bank of India and Andhra Bank of Rs 524 crores.
As per sources, ED Kolkata had provisionally attached Empress mall belonging to KSL industries of Tayal group in May 2019. It is also said that ED has attached another property worth Rs 234 crore of the group in another connection with a fraud linked to UCO bank. The total seizure stands at Rs 717 crores.
Three companies — Actiff Corporations, Jaybharat Textiles and Real estate, KKTL/Eskay Knit (India) Limited were a part of it.