ED attaches Rs 255-cr assets in agri loan fraud case of Maharashtra

Properties worth Rs 255 crore have been attached in connection with a money laundering probe linked to a case of alleged agricultural loan fraud and duping of farmers in Maharashtra, the Enforcement Directorate said on Wednesday.

“Assets worth Rs 255 crore of Gangakhed Sugar & Energy Limited (GSEL), Yogeswari Hatcheries and Gangakhed Solar Power Limited have been provisionally attached under Prevention of Money Laundering Act (PMLA),” the central agency said in a statement.

“The case pertains to fraudulent availing of agricultural loans in the name of innocent and poor farmers,” it said.

The attached assets include a sugar plant and machinery of GSEL worth Rs 247 crore situated at Gangakhed in Parbhani district of Maharastra, land worth Rs 5 crore of GSEL, Yogeswari Hatcheries,