Chennai: The Enforcement Directorate has attached six immovable properties worth Rs 20.65 crore of a Tamilnadu-based businessman under Prevention of Money Laundering Act, 2002 (PMLA) in connection with a bank fraud case.
Stating that the properties belong to a businessman named S Galeel Rahman, the agency further said, “the attached immovable assets are in the form of a factory building along with land measuring 2.92 acres at Konamedu Industrial Estate, Vaniyambadi, residential flat in Chennai and plots in Vellore.”
According to the ED, it had initiated investigations under the provisions of PMLA based on an FIR registered by the Central Bureau of Investigation (CBI) and Anti Corruption Bureau (ACB), Chennai, against accused Tomy G Poovattil, Galeel Rahman and others for defrauding the Guindy Branch of Indian Bank under relevant sections of the Indian Penal Code and the Prevention of Corruption Act.
It said, “Investigation under PMLA has revealed that during the period from 2012 to 2014, Tomy G Poovattil, the then AGM/BM of the Guindy Branch of Indian Bank had conspired with accused S Galeel Rahman, Sirajuddin and others to cheat Indian Bank by fraudulently sanctioning overdraft and credit facilities to various entities.”