ED attaches 11 assets of PCH group

Hyderabad: The Enforcement Directorate (ED) on Thursday issued an order to attach 11 properties, valued at 6.18 crore, of

PCH Group

in Hyderabad and Bengaluru in connection with a loan fraud case. The ED initiated money laundering investigation. “It was alleged in the CBI chargesheet that director Balvinder Singh and others had caused wrongful loss to Punjab and Sind Bank,

George Town

branch, to the tune of ₹ 22.15 crore by availing credit facilities by submitting fabricated documents,” the ED said. tnn