Archive · 3 Dec 2025
ED Attaches Rs 200 Cr Assets in Bank Fraud Case
The Enforcement Directorate in Kolkata has taken control of properties worth Rs 200 crore belonging to a businessman named Manoj Kumar Jain and his company, M/s Prakash Vanijya Private Limited.
This action is part of an investigation into money laundering.
The ED claims that Jain tricked the Central Bank of India out of Rs 234.57 crore by using fake documents and moving the money illegally.
The case is being handled under a law called the Prevention of Money Laundering Act, 2002.
The Enforcement Directorate attached properties worth Rs 200 crore in Kolkata.
The properties belong to Manoj Kumar Jain and M/s Prakash Vanijya Private Limited.
Jain is accused of defrauding the Central Bank of India of Rs 234.57 crore.
The fraud involved forged documents and diversion of loan funds.
The case is being investigated under the Prevention of Money Laundering Act, 2002.
- Who
- Enforcement Directorate, Manoj Kumar Jain, M/s Prakash Vanijya Private Limited
- What
- Attachment of properties worth Rs 200 crore in a money laundering case
- When
- Not specified
- Where
- Kolkata, India
- Why
- Alleged bank fraud and money laundering involving Rs 234.57 crore
- Agency
- Enforcement Directorate, Kolkata zonal office
- Company
- M/s Prakash Vanijya Private Limited
- Promoter-Director
- Manoj Kumar Jain
- Amount Fraud
- Rs 234.57 crore
- Act
- Prevention of Money Laundering Act, 2002 (PMLA)