ED attaches Rs 35 crore assets in bank fraud case; Promoters used forged documents

• ED attached two immovable properties valued at Rs 35.05 crore under PMLA in a bank fraud case.
• Properties belong to Beereddy Narasimha Reddy and Anil Beniprasad Aggarwal, linked to BNR Infra and Leasing, Elite Infra Projects Pvt Ltd.
• Fraud involved obtaining credit facilities from SBI and Bank of Maharashtra using forged documents and misrepresenting collateral.
• Promoters mortgaged agricultural land falsely projected as non-agricultural or properties with disputed titles, causing Rs 35.06 crore loss to banks.
• Fraudulently obtained loan proceeds were routed through group companies and diverted for unrelated liabilities and asset acquisition.