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Reported by Indian Express

Bank fraud: ED attaches properties worth Rs 828 crore of Ludhiana-based Sel Textiles

The investigation revealed that SEL Textiles and its directors had fraudulently diverted the loan amount availed from a consortium of banks, led by the Central Bank of India.

This is the summary Indian Express syndicates.

The reporting is theirs, so the full article stays on their site — we do not copy it here.

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