Sources said that the ED collected some documents related to land purchases and bank passbooks.
Naresh Goyal was produced before the Special PMLA Court in Mumbai after his ED custody ended today.
The case is said to be based on a first information report (FIR) registered by the Central Bureau of Investigation (CBI) in May this year.
Sharing data, Minister of State for Finance Bhagwat Karad said bank frauds have declined from Rs 77,544 crore in 2013-14 to Rs 1,650 crore in 2022-23, a fall of 97.87 per cent.
The cash credit account maintained at Allahabad Bank’s Old Station Square branch turned into a non-performing asset (NPA) on February 29, 2020.
On November 30, 2005, the CBI filed a case against Phani Prasad and Chalapathi, both of UBI Asif Nagar branch in Hyderabad, and Yerram Koteswara Rao, proprietor of a private company.
ED earlier attached properties valued at Rs 124.95 crore (approx). Now, the total attachment in the case stands at Rs 248.98 crore.