ED attaches ₹84-crore assets in SKSCCL case

ED attaches ₹84-crore assets in SKSCCL case

The Hindu

The Enforcement Directorate has attached assets worth ₹84 crore in connection with the cheating case involving Sree Kanva Souhardha Co-operative Credit Limited (SKSCCL). Funds to the tune of ₹650 crore were collected from over 13,000 investors on the promise of phenomenal returns. The properties in the form of land, buildings, factories and a residential flat belong to N. Nanjundaiah, a director of the Kanva Group of companies, his family members and related entities; and Harish S, founder director and president of SKSCCL. They are located at Nelamangala, Koratagere, Chikkabalapura, Srirangapatana and Bengaluru in Karnataka and Madakasira in Andhra Pradesh.
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