ED raids Ramnandi Hotels across 9 locations in alleged Rs 132-crore bank fraud case
The Enforcement Directorate searched nine locations across three states in an alleged bank fraud case. Ramnandi Hotels and Resorts Ltd is accused of diverting Rs 58 crore from bank loans. The company allegedly used fake reports and personal guarantees to secure these funds. Five pledged properties were reportedly sold at undervalued prices recently. The agency suspects these actions aimed to…
We haven't written up this one. Times of India has the full story — the link below goes straight to it.
