ED attaches properties of SSK Trading Pvt Ltd worth Rs. 24 crores

New Delhi, April 25
Directorate of Enforcement (ED) has attached properties 20 residential flats in Delhi under the provisions of Prevention of Money Laundering Act (PMLA), 2002 in the case of SSK Trading Pvt Ltd & others, valued at Rs. 24.24 crores belonging to A.S. Technobuild Pvt Ltd, Surender Kumar Bansal and Shefali Bansal.
ED initiated investigation on the basis FIR registered by CBI, Delhi Police under various sections of IPC, 1860.ED investigation revealed that M/s SSK Trading Pvt Ltd through its directors namely Surendra Kumar Bansal and Shefali Bansal hatched a criminal conspiracy and defrauded Punjab National bank & other banks by way of cash credit facility from PNB on the basis of hypothecation of stock and collateral securities and caused wrongful loss of Rs. 187.29 Crore to PNB & other bank.
The loan availed by SSK Trading Pvt Ltd were not used for the intended purpose and were diverted for purchase of immovable properties in the name of the entities associated with M/s SSK Trading Pvt Ltd and also in the name of the promoters, officials said.
Earlier in this case Surender Kumar Bansal was arrested u/s 19 of PMLA, 2002.