Guwahati: The Directorate of Enforcement provincially attached assets, including buildings, plant, and machinery, worth Rs. 185.1 crores, belonging to Surya Pharmaceuticals Ltd. and others in accordance with the Prevention of Money Laundering Act (PMLA), 2002.
According to reports, the CBI filed two FIRs against Surya Pharmaceuticals Ltd., its managing director Rajiv Goyal, and others for cheating the banks out of Rs. 828 crore after receiving complaints from the State Bank of India, Chandigarh, and the Punjab and Sind Bank, Karnal.
The PMLA investigation also indicated that the related firms were using Letter of Credits (LCs) in place of fake invoices as the modus operandi of the fraud, the agency claimed.
ED claimed that they engaged in a network of fraudulent activities to syphon off the revenues of the credit facilities obtained from the banks and utilised them to buy various properties in the names of the business, certain people, and related businesses.